The bill was approved with the votes in favor of all three parliamentary blocs in Mozambique.
This law replaces the one that had been in effect for 30 years and was approved in general terms two weeks ago. “This revision comes after about 30 years of implementation” of the current law, and it is justified as “harmonization with other legislation related to the business environment and investments in the country,” stated the Ministry of Industry and Commerce in a press release.
The law introduces several innovations, ranging from emphasizing the social responsibility of investors to establishing different investment regimes (mere registration or simplified regime and authorization regime). It also includes provisions for justifying refusal acts and regulations concerning complaints, appeals, and infractions.
