Regulatory Alerts1993-06-24
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Law No. 3/93 of June 24 - Investment Law
The National Assembly of Mozambique enacted Law No. 3/93 to establish a legal framework for private national and foreign investments, replacing previous legislation. The law defines key terms such as foreign and national capital, and grants equal treatment to foreign and national investors while reserving certain sectors for public initiative. It guarantees property rights, allowing for expropriation with fair compensation paid within ninety days, and permits the transfer of profits and capital abroad subject to fiscal obligations and exchange formalities.
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