With the dawn of financial development and betterment of the economy of Guinea-Bissau, the foreign investors are getting attracted toward it and the foundation of the trust is being built. The government and its associating agencies are working with a whole heart to improve the business and investment climate of the country. Many important and basic steps are being taken to overcome the barriers and boundaries that can discourage the inflow of investment and also a great deal of incentives is being offered to the global investors.
Under the surveillance and guidance of IMF financial investment advice Guinea-Bissau, there are many positive changes that are taking place in concerned with credit, licensing and infrastructure. As the result of the IMF sponsorship, the currency is much stable than ever before and setting up and operating a business is seems to be an easy task. Also many other reputed international finance agencies long with the government of France are observing the ongoing conditions and providing assistance through financial investment advice Guinea-Bissau to its authorities.
Though the economy of Guinea-Bissau has been suffering from a long period of unfavorable political mis-happenings, it holds the rich potential to grow as a well developed and sound one. The geographical location makes it easily connectable through the European market to facilitate the import and export process. There is a large market of finished goods in the country itself. The climate is moderate, the plenty of flora and fauna, hard working and dedicated work force, coast line rich with marine life and other features provide an optimal canvas to fill the colors of success and prosperity.
In the recent past, government of Guinea-Bissau and its supportive authorities have shown a sound commitment to lift the reputation of the economy in all aspects to encourage the foreign investment in Guibea-Bissau in the both the core and consumer sectors. One can easily observe the recent changes in the policy determination and implementation atmosphere at the administrative level as now there is more and more focus is on attracting the global investors to increase inflow of international money.
Various incentives, guarantees and safe-gaurds are being offered for investing and manufacturing in the country. Some noticeable points are listed here:
- Both the local and foreign investors will be treated in the same manner.
- The foreign investors are free from the fear of any kind of seizure of assets or nationalization of their business.
- There is no boundary on transportation of money and profits. Investors can easily transfer their profits earned in Guinea-Bissau to their homeland.
- The government is much promising while assuring the labor and management freedom, in case of any crises, it will not influence the negotiations.
- All the foreign investment units are free from the tax liabilities for the first 6 years of commencing the business.
- The research and development efforts are benefited with several monetary and non monetary motivations.
On the base of the above mentioned points it is clear that the economy of the country is all set to move toward the rapid development. Since there is a huge assortment of natural resources in the country, these positive efforts by the government will surely prove the boosters to encourage the foreign investment in Guibea-Bissau.
Guinea Bissau provides you scope to invest your money into the country’s awesome variety of natural resources. You can compare the invest opportunity in other country in West Africa, but Guinea Bissau is a great country which provides some wonderful scope to get and avail improved return on your investment. But before you opt for your investment opportunity, you need to know about the scope and availability of resources.
The country had faced some severe issues with its economy. But now things have been settled and people are coming from foreign countries to contribute their resources in the country. It has a credible landscape, vast and uncharted natural resources, its economy is booming and most importantly, the country has been credited to be a growing economy in Africa.
So, you can invest in the country. The country has been forwarded by improved leader such as Carlo Scevola. He was appointed as economic strategist and investment advisor to the Prime Minister of Guinea Bissau. Mr. Carlo Scevola has been providing up to the mark help in terms financial set up and advices to enterprises and people who want to work in the country investing. To know about investment opportunity in Guinea Bissau, please click
Port of Bissau is the main business port and holds an important place in the import and export scenario of the country. Located on the west coast of the country, Bissau port is doorway to Europe and Northern America so the trade and investment in Guinea-Bissau are highly depended on it.
As, the country and its economy are trying hard to overcome its unstable and critical past, Bissau port has a more significant role to play and of course the load and burden on it is increasing with consistent rate.T he entire operation and management of the port is handled under the port authority of Guinea-Bissau. But the demands are rising for private management system for both port administration and equipment handling. Though the government is highly concerned to develop the port, the modernization and technical up-gradation is the other field of foreign investment in Guinea-Bissau.
The scope of reforms is very wide as the container yard has a limited container holding capacity, low capacity of towing and warehousing facility. The efforts are being made to attract the private partnership in providing the basic facilities and increasing the depth of the port. Also, the government is working towards constructing a new port near Bissau with the help of Bauxite Angola which is the leading Angolian mining company.
