August 1, 2022 | 3 months ago

Algeria: The new investment law published in the Official Journal

The new investment law was adopted unanimously on 27 June by the members of the National People’s Assembly and on 13 July by the Senate, and published in the official journal No. 50 of 28 July.


The purpose of this Law is to lay down the rules governing investment, to define the rights and obligations of investors and the incentive schemes applicable to investments in economic activities to produce goods and services, carried out by natural persons or legal entities, national or foreign residents or non-residents.

The provisions of this Law are intended to encourage investment with the aim to:

-       develop priority sectors of high added value;

-       ensure sustainable and balanced territorial development;

-       develop local natural resources and raw materials;

-       foster technology transfer and develop innovation and the knowledge economy;

-       generalize the use of new technologies;

-       boost the creation of sustainable jobs and promote the competence of human resources;

-       strengthen and improve the competitiveness of

-       the domestic economy and its export capacity.

This law establishes the following principles:

    freedom to invest: any natural person or legal entity, domestic or foreign, resident or non-resident investor, wishing to invest, is free to decide on its investment, in compliance with the laws and regulations in force;

    transparency and equality in the processing of investments.

Shall be governed by the provisions of this Law, investments made through:

— the acquisition of material or intangible assets, directly involved in the production of goods and services, as part of the creation of new activities, the extension of production capacity and/or the redevelopment of the production tool;

— shareholding in the capital of a company in the form of contributions in cash or in kind;

— the relocation of activities from abroad.

August 1, 2022 | algeria-logo