Study On Private Investment Legal System Of Angola

Since the 20th century, globalization sweeping the globe, foreign investment has become one of the most important ways on developing foreign economic relations and exploring international market. On the one hand, under the incentive competition, countries domestic capita unceasingly seeking outward expansion; on the other hand, each host country continually reduces the threshold of foreign investment, scrambling to launch the preferential measures to encourage foreign investment. The industrial liberalization rate obviously increased. In this context, in order to attracting foreign investment and expand international trade cooperation, Angola gradually expand the breadth and depth of opening to the outside world in recent years. Government efforts to formulate and revise the laws and regulations relating the economic and trade cooperation with foreign development, improve the investment mechanism, to attract foreign investment and create a more relaxed investment environment. At present, Angola has basically formed an investment law system:"private investment basic law"and" private investment tariffs and tax incentives law"as the core, other relevant department law as complement.Although Angola through long-term colonial rule and war baptism, but as a natural resources are extremely rich country, Angola is one of the quickest economic development countries in Africa. China and Angola economic exchanges and trade started from the 1980s, since 2006 onwards, Angola three consecutive years become China's first big trading partner in Africa, December 2009, China imported crude oil to Angola 3217 tons. Angola become China's second-largest oil supplier only second to Saudi Arabia. Angola and China has great potential to cooperation. China should seize the opportunity that Angola increase investment discount rate, keep the existing investment advantages, reasonable avoid investment risk, and then continued to expand the scale and the area of investment. Therefore, the understanding of Angolan investment laws and regulations and policy have become very important, the study not only with academic significance and has more practical value.For research and analyzing the investment legislation of Angola, the article summarized its characteristics and below, and combining it with the China investment legislation for comparative analysis, in order to increase the level of decision-making and reduce transitional operation risks of China investment enterprise, and form some models and the reference for improvement in our investment legislation. This paper firstly introduces the historical development and the legal origin of private investment law in Angola. Secondly, the article introduces the body throughout the whole investment activities from the private investors, its rights and obligations and investment management institutions. At last, the paper introduces the main measure and its content of management investment activities, including incentives, restrictions and the safeguard measures.