Administrative Barriers to Foreign Investment: Reducing Red by James J. Emery, Melvin T. (Jr.) Spence, Timothy S. Buehrer,

By James J. Emery, Melvin T. (Jr.) Spence, Timothy S. Buehrer, Louis T. Wells

While at each flip, they discover a new twist, or a brand new requirement, international traders in Africa will be simply discouraged from developing companies. even though many African governments have liberalized and reformed funding rules and advertise themselves as funding websites, the truth dealing with traders differs enormously. to aid swap the 'lack of investor reaction' to Africa's enticements, this ebook examines the executive constraints to funding in numerous African nations. It provides the event that confronts traders after they organize a firm. The case histories exhibit how the morass of licenses, approvals, allows, and different requisites that lead to undue delays and unexpected expenses motivate bribery and corruption and foster an atmosphere of pervasive uncertainty for all traders. The chapters are divided into 4 components, which correspond approximately to the chronological technique of funding. they're: 1) common approvals, licenses, and registrations; 2) really expert approvals; three) specifications to achieve entry to land, web site improvement, and software connections; and four) operational necessities. This ebook might be of curiosity to govt officers, teachers, and funding companies.

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Additional resources for Administrative Barriers to Foreign Investment: Reducing Red Tape in Africa (Occasional Paper (Foreign Investment Advisory Service))

Sample text

In addition, project teams also gathered data on the delays associated with each step, the costs, and the forms or information required. This research was typically done in full collaboration with government agencies whose active participation in the process was solicited from the beginning. As an example of this methodology, Figure 1 illustrates graphically the steps in the process for a foreign manufacturing firm in Uganda. Once the administrative and logistical hurdles of making an investment are mapped out as in Figure 1, it is easy to identify areas of duplication, excessively complex and intrusive requirements, or ineffectual implementation.

Other steps, such as prior approvals required under existing investment legislation, may be initiated first or may require having a company established in order to apply. This process is straightforward in most countries of the world and simply involves documenting the capital structure of the company, its form under the alternatives available in the "companies law," and recording of other pertinent details. , a resolution from the parent company) but little scrutiny is given except to satisfy informational and compliance needs and to ensure that the company or business name is not already in use.

In most cases, however, the types of obstacles encountered are more mundane. Although these procedural requirements may invoke graft as a means of dealing with the situation, this is typically on a petty scale. These types of procedural hurdles include · Registering a company · Securing investment incentives · Securing sectoral or other business licensing · Getting a tax number · Documenting the investment to be made (for foreign investors) · Leasing, purchasing, or otherwise gaining access to land · Getting utilities services connected · Securing work permits for expatriate managers · Obtaining building permits and municipal licenses · Importing equipment and inputs · Having health and safety inspections performed · Complying with employment formalities.

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