| Operating
under the Prime Minister’s Office, the Department of Domestic
and Foreign Investment (DDFI), formerly the Foreign Investment
Management Committee (FIMC), administers the foreign investment
system and reviews investment applications. To support and encourage
investment, the government offers incentives to investors in various
forms, including reduced corporate profit taxes, reduced duties
and turnover taxes on imported capital equipment and inputs to
production, and investment permissions and guarantees. The main
laws governing the promotion of investment are the Law on the
Promotion and Management of Foreign Investment (1994), the Law
on Domestic Investment (1995), the Business Law (1994), the Customs
Law (1994), and the Tax Law (1995). The DDFI is designed to offer
"one-stop" service to foreign investors by providing
information and assistance during the investment process.
Information
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 |