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Indonesia: Limits on Foreign Investment in E-Commerce Proposed

(Nov. 27, 2015) According to a November 23, 2015, report, Indonesia’s Ministry of Trade is developing a new, more restrictive policy for foreign ownership of e-commerce businesses in the country. The new rules, designed to favor domestic online companies, would apply to online shopping and service businesses. (Govt Prepares Foreign Ownership Limits in E-Commerce, JAKARTA […]

Portugal: Investment Visa Rules Expanded

(Sept. 16, 2015) Portugal recently altered the requirements for the issuance of permanent visas, to attract more foreigners to invest in the country. The change expanded the possibilities for obtaining a “gold visa” that enables foreigners to permanently live in Portugal and freely travel throughout the European Union. According to the new rules introduced by […]

China: Restrictions Eased on Foreign Investment in Real Estate Market

(Sept. 9, 2015) On August 19, 2015, China released the Notice of the Ministry of Housing and Urban-Rural Development (MOHURD) and Other Departments on Amending the Policies Concerning Access by and Administration of Foreign Investment in the Real Estate Market . (Zhufang Chengxiang Jianshe Bu Deng Bumen Guanyu Tiaozheng Fangdichan Shichang Waizi Zhunru he Guanli […]

Angola: New Private Investment Law

(Aug. 27, 2015) On August 11, 2015, Angola published in its Official Gazette a new private investment law, which was approved by Law No. 14 of August 11, 2015 (Lei do Investimento Privado, Lei No. 14/15, de 11 de Agosto, IMPRENSA NACIONAL (from the drop down window, click on Diário da República Ia. Série No. […]

Maldives: People’s Majlis Passes Amendment to Constitution Allowing Foreign Ownership of Land

(July 30, 2015) On July 22, 2015, the People’s Majlis, the unicameral parliament of the Maldives, passed a bill amending the 2008 Constitution to allow foreign ownership of land. President Yamin Abdul Gayoom ratified the bill the next day. (Shan Anees, President Ratifies Land Ownership Bill, HAVEERU ONLINE (July 23, 2015).) The bill reportedly amends […]

Chile: New Foreign Investment Law Enacted

(June 23, 2015) On June 16, 2015, Chile enacted Law 20,780, on foreign investment. The law originated as Bill 9899-05 and was sent to the legislature by the administration on January 30, 2015. The new legislation replaces the statute on foreign investment enacted as Decree Law 600 of 1974, which will be abolished as of […]

Uruguay: New Law Bans Ownership of Agricultural Land by Companies Owned by Foreign Governments

(Dec. 12, 2014) The Government of Uruguay promulgated Law No. 19,283 on October 7, 2014 to ban the ownership of rural land or farms by businesses that are owned in whole or in part by foreign governments. (Tierras con Fines de Explotación Agropecuaria – Prohíbe la Compra y Tenencia a Empresas Extranjeras o a las […]

China: Rules Revised to Facilitate Overseas Investments

(Oct. 31, 2014) On September 6, 2014, China’s Ministry of Commerce (MOFCOM) released the revised Administrative Measures for Overseas Investment (Measures). (Jingwai Touzi Guanli Banfa, MOFCOM Order [2014] No. 3 (Sept. 6, 2014), MOFCOM website; English translation available through Westlaw China online subscription database.) Taking effect on October 6, 2014, the new Measures repealed the […]

Cape Verde; Portugal: Signature of Protocol on Sustainable Energy

(Sept. 25, 2014) Portugal and Cape Verde signed a protocol in the area of sustainable energy on September 23, 2014, during the United Nations Summit on Climate Change in New York. The protocol aims to strengthen recovery in the context of sustainable energy. It was also signed by Luxembourg, Spain, and Austria. (Press Release, Ministério […]

China: New Tax Reporting Rules for Overseas Investments of Resident Enterprises

(July 9, 2014) On June 30, 2014, China’s State Administration of Taxation (SAT) issued a public notice regarding information about overseas investment and income that Chinese resident enterprises must report. When the Notice takes effect on September 1, 2014, the SAT’s oversight of these enterprises’ foreign investment and income will be strengthened. (Guanyu Jumin Qiye […]