World Bank’s Doing Business ranked Angola in 173rd position in terms of facilities and attractiveness for investments. In the past two years, the country has climbed nine positions on the list and its government continues to take steps to improve its business environment.
Although Angola still isn’t in the African Top 10 list, and among Portuguese-speaking countries it is above only Guinea-Bissau, the improvement in the ranking already demonstrates relative success of current policies to attract new business, such as tax incentives.
The Angolan government recently approved visa exemptions for citizens of 61 other countries wishing to carry out tourist activities or business in the country. They must only present proof of place of stay, means of subsistence, international vaccination card and passport with validity higher than six months.
There was also a repeal of the obligation for foreign companies to enter into partnerships with Angolan citizens, public capital companies or Angolan companies to settle in the countries, except in the oil, mining and financial sectors.
Top 10 African countries according to World Bank’s Doing Business
- South Africa