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Step
by step guide |
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To
receive a foreign investment license (FI License) in all sectors,
except the mining, hydropower and forestry sectors, a foreign
investor must submit the following to the DDFI:
- Fully and correctly completed application form (available
from the DDFI)
- Projected assets and liabilities, pro forma income statement
for five years
- Bio data of the investor
- Support of financial capacity of the investor to undertake
the proposed investment
- Application fee (US$100 for projects with invested capital
less than US$1 million; and US$200 for projects with capital
exceed US$1 million )
- Four copies of all of the above
The Screening Division of the DDFI reviews the application form
for completeness and accuracy. The investor is contacted to supply
necessary additional information or to clarify issues arising from
the application. The application is then forwarded to the relevant
line ministries.
When the ministries have formulated a position on the
application, the application is brought before the Board Meeting
for decision. Under the FI Law, this process is required to take a
maximum of 60 days.
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provided on the DDFI Web site is subject to change without prior
notice. Although an effort is made to present current and accurate
information, the DDFI makes no guarantees concerning the Web site
content or related matters.
© DDFI 2003 |
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