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Investment & Legal Framework
agreement in this regard, in which Sudan is a sig-
natory partner in case a direct legal dispute arises
from interpretation of the stipulations of any of the
above mentioned agreements.
However, Sudan is a member of theArab Corporation
for Investment Guarantee, and is also a member of
the International Agency for Investment Guarantee.
The Investment Authority and the Ministry
of Investment
Licensing and Facilitation Procedures for
an Investment
Investment Affairs in Sudan used to be handled by
the Ministry of Investment and Industry. The Invest-
ment Authority, which later became the independent
Ministry of Investment, was established by a decision
of the Council of Ministers as the organ responsible
for setting up advertising and publicity campaign for
investment in Sudan. It is also put in charge of creating
an ideal investment climate that attracts national, Arab
and foreign capitals in Sudan and eliminate all obsta-
cles that might hinder them.
It is the organ that draws encouraging investment
policies, simplifying procedures for investors, issue
licences of investment projects and the relevant
facilities and guarantees in addition to follow up of
the actual execution of the proposed projects, pre-
pare investment maps and save the investors the
trouble of data collecting by providing them with all
the necessary information and data. The Ministry of
Investment also follows up all the procedures of the
investment license at the various government circles
on behalf of the investor.
The Ministry of Investment has close relations and
jointly co-operates with local, regional and interna-
tional corporations and organizations concerned
with investment such as:
• The Arab Organization for Investment Guarantee,
• The United Nations Industrial Development
Organization (UNIDO),
The International Investment Guarantee Agency and
other Arab, Islamic, African and international organi-
zations in which Sudan is a member.
1.
The investor shall submit a technical and eco-
nomic feasibility study of the project.
2.
The investor shall submit a special form of appli-
INTERNATIONAL LAWS
& AGREEMENTS
Sudan’s External Relations are conducted within the
dynamic framework of commitment to documented
multilateral charters and conventions as well as bilat-
eral agreements. Sudan has duly affected its mem-
bership to the prescribed universal and regional /
sub-regional organizations immediately after in-
dependence in January 1
st
1956 as well as imme-
diately after those organizations got established
later. Sudan joined the United Nations and signed
the charter and the statute of the International Court
of Justice on 12th November 1956 i.e. at the First
General Assembly Session after its Independence.
Sudan joined the Arab League on 19th January
1956. With its brotherly African States, Sudan has
cation pertaining to claims for licensing, privileges
or facilities for an investment project against pay-
ment of prescribed fees. The form shall be issued
by the investor’s services section in the Ministry.
3.
The Ministry shall review the application form
and consult the competent technical organs if nec-
essary.
4.
Upon receipt of the provisional approval from
the Ministry of Investment, regarding the particular
project, the investor shall then register a business
name or company whose activities shall be limited
to its specific field of licensing only.
5.
Once approved of the business name or com-
pany, the investor shall submit all the relevant docu-
ments to Ministry of Investment in order to be is-
sued the licence which covers the facilities granted
and location of the plot where the premises of the
project in question shall be sited.
6.
When completed of all licensing procedures and
issuance of the licence, the investor may then im-
port the project’s requirements from abroad in ac-
cordance with “an itemized requisition list” which
the ministry must consent to in advance.
7.
The Ministry of Investment shall then contact
the customs duties, upon clearance of the project’s
imported items through the customs’ coordinator in
the Ministry.
The Ministry of Investment shall also contact the
taxation authorities to the project a preferential tax
rate in accordance with the granted privileges