Toronto (Canada) — Fasken Martineau, a leading international business law and litigation firm, today released the first edition of its Guide to Investing in Africa: Tax and Foreign Exchange Control Considerations.
Africa is the world's second largest continent with 54 countries and a population of more than a billion, or 16% of the world's population. With vast, untapped reserves of natural gas and oil (10% of the world's reserves); huge unexploited hydroelectric power; and a large quantity of other natural resources, including diamonds, cobalt, uranium, copper, bauxite, silver and cocoa bean, Africa continues to be a magnet for foreign investment.
As tax and foreign exchange control issues play an important part in the decision to invest in Africa, we have prepared this Guide to provide a general overview of the tax and foreign exchange system in place in 10 jurisdictions in Africa, namely Angola, Botswana, Democratic Republic of Congo, Ghana, Kenya, Mozambique, Namibia, Nigeria, South Africa and Zambia.
The 2015 Guide provides initial information to assist with investment options and details:
- Tax and foreign controls
- General corporate tax laws
- The existence of double tax treaty networks, and
- Available bilateral agreements
With over 30 years' experience in almost every African country, and more than 100 years in South Africa, we have led high-profile deals in almost all of Africa's key industry growth sectors including sciences, mining, energy, telecommunications and industrial projects. Fasken Martineau's capabilities in these markets are supported by one of the largest international multidisciplinary teams of lawyers dedicated to Africa, handling transactions and litigation matters across the full range of industries and practices.
The Guide to Investing in Africa is available for download on the firm's website.
About Fasken Martineau
Fasken Martineau is a leading international business law and litigation firm. With more than 700 lawyers, the firm has offices in Vancouver, Calgary, Toronto, Ottawa, Montréal, Québec City, London and Johannesburg. For additional information, please visit the firm's website at www.fasken.com.