Foreign Investment Law

Act 118 supports the decision to conceive foreign investment as a source of development, activities that are of interest to the country, and in certain sectors and economic activities are considered active and essential element, corresponding to the projections of economic development social and the short, medium and long term.

In this regard, the aforementioned law states in its Article 11.3 that “organs, agencies of the Central Government and national institutions sponsoring foreign investment are required, in accordance with approved policies, identify and submit to the Ministry of Commerce Outside and Foreign Investment business proposals. ” All this is necessary to achieve the objectives.

This Act and its subsidiary legislation establishing a system of facilities, guarantees and legal security to investors that promotes the attraction and use of foreign capital.


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