Embassy of the People’s Democratic Republic of Algeria to the People’s Republic of China 阿尔及利亚民主人民共和国驻中华人民共和国大使馆

The President of the Republic, Mr. Abdelmadjid Tebboune, signed the law on investment n° 22-18, 24 July, which was then published in the Official Gazette n° 50, on July 28th, 2022. The document was reviewed and adopted by the National People's Congress (NPC) and the Council of the Nation, respectively on June 27th and on July 13rd, 2022.

The purpose of this new Law is to lay down "the rules governing investment, to define the rights and obligations of investors and the incentive schemes applicable to investments in the economic activities of production of goods and services, carried out by natural or legal persons, national or foreign, resident or non-resident".

Its provisions aim to "encourage investment with the objective of developing priority sectors of activity with high added value, ensuring sustainable and balanced territorial development and enhancing natural resources and local raw materials".

It also aims to "promote technology transfer and develop innovation and the knowledge-based economy, generalize the use of new technologies, boost job creation, promote the skills of human resources and strengthen and improve the competitiveness of the national economy and its export capacity".

This new Law enshrines "the freedom to invest", as well as "transparency and equality in the treatment of investments".

To this end, it has provided for the establishment of a High National Committee for Investment-related Appeals, attached to the Presidency of the Republic, which is responsible for deciding on appeals brought by investors.

It has also provided for refocusing the role of the National Investment Council (CNI) to the task of proposing the State's investment strategy, ensuring its overall coherence and evaluating its implementation, as well as the reconfiguration of the National Investment Development Agency (ANDI), now called the "Algerian Investment Promotion Agency", by strengthening its prerogatives allowing it to play an important role in supporting investors. in Algeria and abroad.

Full version in Arabic, English and French of the said new Law of Investment are attached.

It should be recalled that several texts, listed below, implementing this law have recently also been published:

· Presidential Decree No. 22-296 of 4 September 2022 on the composition and functioning of the National High Committee on Investment-Related Remedies

· Executive Decree No. 22-297 of 8 September 2022 on the composition and functioning of the National Investment Council

· Executive Decree No. 22-298 of 8 September 2022 on the organization and operation of the Algerian Investment Promotion Agency

· Executive Decree No. 22-299 of 8 September 2022 laying down the procedures for registering investments, disposal or transferring investments and the amount and procedures for collecting the fee for processing investment files

· Executive Decree No. 22-300 of 8 September 2022 on the lists of activities, goods and services not eligible for benefits and the minimum funding thresholds for the benefit of the transfer guarantee

· Executive Decree No. 22-301 of 8 September 2022 on the list of localities in the areas to which the State gives particular attention on investment

· Executive Decree No. 22-302 of 8 September 2022 laying down the criteria for qualifying structuring investments, the procedures for benefiting from operating advantages and the evaluation grids

· Executive Decree No. 22-303 of 8 September 2022 on investment monitoring and measures to be taken in the event of non-compliance with the obligations and commitments entered into.

1. Investment Law N° 22-18-of-July 24, 2022 arabic version

1. Investment Law N° 22-18-of-July 24, 2022 arabic version.pdf