Law No. 8/2023 establishing the legal framework, foundations, and general principles applicable to private investments in the Republic of Mozambique that are eligible for guarantees and tax and non-tax incentives.

This Law establishes the legal framework, principles and general regime governing private investment in Mozambique, including eligibility for fiscal and non-fiscal guarantees and incentives. It applies to both national and foreign investors, as well as to public-private partnerships and large-scale projects, with the objective of promoting a favourable investment climate aligned with national, regional and global economic dynamics. The Law sets out overarching principles such as equality of treatment, protection of property rights, free economic initiative, and adherence to market rules, while ensuring safeguards for investors, including guarantees against unlawful expropriation, the right to transfer funds abroad, and access to dispute resolution mechanisms. The Law further defines the objectives, forms, procedures and obligations associated with investment activities, aiming to foster economic growth, job creation, technological innovation, diversification of exports, and sustainable development. It establishes regimes for investment approval (registration or authorization), provides for the creation of special economic areas such as industrial parks and special economic zones, and outlines investor duties, including compliance with environmental, labour and fiscal regulations. Additionally, it incorporates social responsibility requirements, encouraging investments that support infrastructure development, local employment, environmental protection, and community well-being, while providing a framework for monitoring, dispute resolution, and sanctions in case of non-compliance.