Decreto-Lei n.º 19/2016, Código de Investimentos
In forceDecreto-Lei n.º 19/2016, de 17 de Novembro de 2016, Código de Investimentos
Effective 2016-11-18 · Applies to private
Article 1 sets the Code's object as defining the terms, conditions, modalities, guarantees, and incentives applicable to an investment realized in São Tomé and Príncipe. Article 2 creates the regime for an investment of a global amount equal to or greater than EUR 50,000, eligible for the fiscal incentives listed in the Código de Benefícios Fiscais.
Article 5 lets the Government privilege certain kinds of investment by sector or development zone, and guarantees an eligible investment a fiscal-incentive regime of exemptions, rate reductions, deductions, accelerated amortization, or investment tax credit, under the terms the Código de Benefícios Fiscais sets.
Article 6 lists the investment's economic and social objectives (growth, technology transfer, employment, and similar goals) without naming information technology, data infrastructure, or a special economic zone as a distinct priority. Article 40 repeals the prior investment code, Lei n.º 7/2008, while preserving incentives already granted under it. Article 41 states that the Decree-Law enters into force the day after its publication.
Source: Full text of law