Foreign investment in Angola can be undertaken singularly or cumulatively in the following ways:

• Transfer of funds outside Angola.

• Use of funds foreign currency Angolan bank accounts held by non-residents.

• Use of credits and other assets held by the investor, which are eligible for transfer to the exterior under the terms of exchange regulations.

• Importation of equipment, accessories, and materials.

• Incorporation of technology.

Investment operation less than USD 100,000 are not considered foreign investment operations and do not enjoy the status and protection of this regime. These operations are in effect subject to commercial and exchange legislation

Foreign investments may be made according to any of the following categories:

• 
  � PRIOR DECLARATION CATEGORY

• Investments of between US$ 100,000 (one hundred thousand US dollars), for foreign investors and US$ 5,000,000 (five million US dollars) are subject to this category.
  
  �   CONTRACTUAL CATEGORY

• This category encompasses investments of over US$ 5,000,000 (five million US dollars).
   

In order to bring foreign investment into the country's overall development, the government has defined a policy of preference on foreign investment, which will increase the export of goods while replacing or reducing imports. These are the fields on which the government is focusing:
Agriculture & livestock, and food products; Mining; Fisheries & products; Light industry, especially when associated to widespread consumer items, namely in the agricultural field; Industrial materials for construction and public works that will permit the construction of social housing, in order to improve the living standards of the Angolan population.

The priority will also be given to investments in the following zones:

(A) province of Luanda and municipalities, provinces of Benguela, Huíla and Cabinda;

(B) Restant municipalities of the provinces of Benguela, Cabinda and Huíla, and provinces of Kwanza
Sul, Bengo, Uíge, Kwanza Norte, Lunda Norte, Lunda Sul and Zaire;

(C) Provinces of Huambo, Bié, Moxico, Kuando-Kubango, Cunene, Namibe and Malange.

The government has been seeking to adjust incentives, as well as creating other incentives to make Angola a more competitive country, some of those incentives are:

• Tax exemption from profits, within a 5 to 10 years period, to new investments directed to the interior of the country and areas declared as development centres

• Tax exemption from dividends, within a 5 to 10 years period, for new investments directed to the interior of the country and areas declared as attractive centres or of priority for any other reason

• Industrial contribution or tax exemption owed to the State, for the acquisition of land destined to industry

• Industrial contribution exemption within a period of up to 2 years, for those investments that use national input of no less than 60 %

• Exemption or reduction, of up to 50%, of taxes owed to the importing of equipment goods and to raw materials within a regime of automatic lists

• Total exemption of products in the automatic lists, as long as the investments go to the priority centre zones of development, or for a period 3 years for the interior zones of the country

• Exemption from custom taxes for certain exported products, within a regime of automatic

• Reduction in the industrial contribution, calculated according to the share in the profit applicable to the exploiting activity for companies exporting more than 59% of their production, valued or factor costs