CHAPTER THREE

CONCESSIONS AND GUARANTEES

SECTION (1)

STRATEGIC VENTURES

 Investment in the field of telecommunication is deemed to be a strategic investment as per Article (4) of the Investment (Encouragement) Act for the year 1999, as amended in the year 2000, and its Executive Bylaws.

 Article (4)

The terms of this Act shall be applicable to the extent of achieving its objectives, provided that the terms thereof shall not disrupt the concessions, exemptions and other guarantees granted for the ventures which were already existing at the time of enforcement of this Act.

Notwithstanding the provisions of Sub-section (1), all exemptions granted for the imports of ventures under the terms of investment laws shall be cancelled and the terms of Article (11) of this Act shall be applicable in respect thereof with the exception of the ventures which were existing at the time of enforcement of this Act and which were governed by special agreements concluded with the Government of Sudan.

 Exemption of Custom Duties

1.      With due deference to the terms of Article (19), each strategic and non-strategic venture specified in the bylaws, shall enjoy, following the registration thereof as per the provisions of organizing laws, the custom concessions as determined by the Cabinet of Ministers.

2.       Notwithstanding the provisions of Sub-section (1), custom concessions shall be granted for saloon, pick up and station wagon vehicles according to the provisions of the bylaws.

3.      The Cabinet of Ministers, upon the recommendation of the Minister, may amend the custom concessions as it deems fit.

CHAPTER FOUR

INVESTMENT CONTROLS

LICENSING AN INVESTOR FOR THE ESTABLISHMENT OF A VENTURE

Article (19)

1. With due deference to the terms of Article (4), a person may not establish any venture in Sudan except after obtaining a license thereof from the Minister or the State Competent Minister, as applicable, in accordance with the terms of this Act.

2. With due deference to the terms of the two sub-sections, licenses may not be granted for foreign or joint investments by the States save with the approval of the Minister.

 Investment Encouragement Bylaws for the Year 2000

CHAPTER TWO

Investment ventures – Less Developed Regions and License Application Procedure

Definition of Strategic Ventures:

(4)  For the purpose of Article (9) of the Act, ventures listed in Schedule (1) attached to these bylaws shall be strategic ventures.

Schedule (1)

 Definition of Strategic Ventures

(5)  Transportation and telecommunication ventures:

Telecommunication:

Ventures for the establishment of wire and wireless networks, information technology services and modern electronic transmission provided that the  capital used for the investment purposes shall not be less than three billion Sudanese Dinars.