Governmental efforts to boost investment in Guinea Bissau

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.