Lei do Investimento Privado (Law on Private Investment)
In forceLaw No. 15/2017 of 23 August (Lei do Investimento Privado)
Effective 2018-01-01 · Applies to both
Timor-Leste's Law No. 15/2017 of 23 August, the Law on Private Investment, establishes the general basis of the legal regime for private investment. Article 53 repeals Law No. 14/2011. It grants a holder of a benefits declaration or a special investment agreement a right to at least five work visas for qualified staff. It also gives an option for the State to lease State-owned real estate to the project for up to fifty years, renewable in twenty-five-year periods to a total of one hundred years.
The Government may grant special benefits to designated zones and may create Special Economic Zones and Special Industrial Zones for specific economic activities. Chapter VI's income-tax and sales-tax exemptions reach only the economic activities the Law's own Annex lists.
The Annex as published names agriculture, manufacturing industries, accommodation, and tour-operator activities; it does not name an information, communication, or data-processing activity, so the Law does not establish that a data-centre project qualifies for those exemptions. The Law states no environmental-review, energy-grid-interconnection, or water-use duty of its own.
Source: Full text of law