Setting Up and Operating an Investment in EAC
Each Partner State has put in place investment procedures to guide investments. The investment procedures can be classified under three categories:
- Key investment procedures that include procedures on:
- Starting a business
- Hiring labour
- Obtaining work and resident permits where applicable
- Paying taxes
- Acquiring land and property
- Building and constructing
- Trade procedures
- Other procedures that include procedures on:
- Sectoral permits
- Export Processing Zones
- Special Economic Zones
- Investment incentives
The EAC Partner States have put in place legal and institutional frameworks for handling all the above investment procedures. Investment procedures in each Partner State are in:
- Articles 15- 23 of the Uganda Investment Code Act 2019;
- Articles10-13,15-21 of the Rwanda Investment Promotion and Facilitation Act 2015;
- Articles17-18 of the Tanzania Investment Act 1997;
- Articles 23-31 of the Zanzibar Investment Promotion and Protection Authority Act 2018; and
- Articles 3-11 of the Kenya Investment Promotion Act 2014.
The investment Promotion Act 2009 of South Sudan does not have any provisions on investment procedures.
Also, institutional frameworks are represented at the One-Stop Investment Centres in each of the Partner States.