Regulatory Alerts2008-02-11
Executive Decree No. 08-56 of February 11, 2008, on the conditions for exercising the activity of investment capital companies
Issued by the Algerian Government, this Executive Decree establishes the regulatory framework for investment capital companies, including a minimum share capital of 100 million dinars and strict ownership limits capping individual or group holdings at 49%. It mandates prior authorization from the Minister of Finance, subject to review by the COSOB and the Bank of Algeria, and outlines procedures for granting or withdrawing operational licenses. Furthermore, the decree defines the fiscal regime, linking tax exemptions and reduced corporate tax rates to a mandatory five-year holding period for invested funds.
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