1 / 16

Warm Welcome Pasoon Sadozai Director of Legal and Regulatory Affairs Ministry of Commerce and Industries Islamic Repu

Warm Welcome Pasoon Sadozai Director of Legal and Regulatory Affairs Ministry of Commerce and Industries Islamic Republic of Afghanistan. Afghanistan’s Doing Business Rankings. Key Rankings. Ease of Starting Business (30/183). Ease of Paying Taxes (63/183).

gari
Download Presentation

Warm Welcome Pasoon Sadozai Director of Legal and Regulatory Affairs Ministry of Commerce and Industries Islamic Repu

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Warm Welcome Pasoon Sadozai Director of Legal and Regulatory Affairs Ministry of Commerce and Industries Islamic Republic of Afghanistan

  2. Afghanistan’s Doing Business Rankings

  3. Key Rankings

  4. Ease of Starting Business (30/183)

  5. Ease of Paying Taxes (63/183)

  6. Ease of Resolving Insolvency (105/183)

  7. Ease of Enforcing Contracts (161/183) Source: World Bank: Doing Business 2012

  8. Ease of Getting Electricity (104/181)

  9. Resolve to Make it Better

  10. Our Commitment Improving legal structure of commercial and related laws, for enhancing economic appeal. 20+ legal reforms in progress Deadlines range from months to maximum of a year.

  11. Priority Laws Private Investment Law The Company Law Contract Law Agency Law Mediation Law Arbitration Law Competition Law Bankruptcy (Insolvency) Law

  12. Priority Laws Private Investment Law Ownership : Two Types Either 100% ownership by Investors or joint venture between the Government of Afghanistan and Private Investors. Equal rights for investors whether local or foreign Customs relief : Provision for exemption from export charges on products manufactured or assembled in Afghanistan. Tax Concessions for Approved Enterprises Net Operating Loss can be taken forward to next financial year for suitable deduction from taxable income.

  13. Private Investment Law Employing experts of choice: No restrictions Right to lease immovable property: up to 50 years. Transfer of Foreign Investment Capital: Right to freely transfer out equivalent of investment in foreign currency upon payment of taxes due.

  14. The Company law: Corporation Law; Limited Liability Company Law, Partnership Law Corporation Law: Shareholders reduced to 25 from 100 Limited Liability Company Law Partnership Law (introducing LLP and PPP), ACBR (Afghanistan Centre for Business Registration) No duplication of companies names under the Company and Trademark Registration Law (TRM) Possibility to register trademark under the TMR Law Business can now register, obtain a Tax Identification Number (TIN), publish their business name in the Gazette, pay one fee, and get a referral letter to any licensing agency (if needed) all in one central location.

  15. Other Laws Contract Law: Law based on international best practice in Place Mediation and Arbitration Laws: ACDR (Afghanistan Centre for Dispute Resolution) being created for assisting Negotiation, Mediation, Arbitration. Competition Law A competition law drafted for promoting a competitive market structure. Covers all three areas of Anti-competitive practices Abuse of Dominance and Combinations.

  16. Thank You for your Kind attention Warm welcome to “Afghanistan” ……..the land of opportunities

More Related