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Since gaining independence in 2011, the legal landscape of South Sudan has undergone rapid transformation with developing regulations on foreign investments in Juba, the capital city. Investors need to be aware of various local and national investment laws including the Investment Act of 2009 aimed at encouraging foreign and local investments. The law offers certain benefits and incentives to investors, but also sets out obligations and protections for the local economy.
Legal guidance is crucial when investing in Juba to ensure adherence to local laws and regulations. Typical situations where a lawyer could be helpful include interpreting local investment laws, ensuring your investments are legally protected, resolving disputes that may arise during investment transactions, and assisting with business registration, licenses and permits.
Under the Investment Act 2009, any individual or corporate entity, regardless of nationality, can invest in South Sudan. The law provides guarantees against nationalization and expropriation of investments. It also provides incentives in the form of exemptions from duties, fees or taxes. In environmental domains, specific regulations apply to ensure sustainable development. There are also local laws regulating property rights, employment, and dispute resolutions.
Your investments are protected against nationalization and expropriation, except for reasons of public interest, according to the Investment Act 2009.
Yes, the Act provides potential exemptions from duties, fees and taxes and promotes lease and ownership of land associated with the investment, subject to some conditions.
Environmental obligations require investors to adhere to best practices in waste management and environmental conservation. Impact assessment may be required for certain projects.
The law opens multiple avenues for dispute resolution, from the local courts to arbitration, regulated under the Arbitration Act. Legal advice is recommended to navigate this process.
As per the Investment Act of 2009, there are no restrictions on foreign ownership of businesses in any sector. However, local laws and regulations must be complied to.
You may find it helpful to engage with South Sudan's Ministry of Justice and Constitutional Affairs and the Ministry of Finance and Planning for additional legal and financial advice. The South Sudan Law Society may provide consultative support, along with the South Sudan Chamber of Commerce, Industry and Agriculture.
If you require legal assistance with your investment, it is advisable to engage a local lawyer knowledgeable in the South Sudan's investment law landscape. They can guide you to ensure your investment activities adhere to local laws, interpret rules and regulations for you, and advocate for you in case of disputes.
