Mozambique: Mobile phone financial services soar in 2023
The Mozambican government yesterday approved a new regulation that aims to make it easier for foreign citizens involved in investment activities to get visas, a measure that aims to improve the business environment.
The regulation also aims to facilitate the movement of foreign tourists using border visas to enter the country.
The Deputy Minister of Culture and Tourism, Ana Comoana, explained that up to now only foreign nationals without any Mozambique diplomatic representation in their home countries could obtain visas at the border, but that from now on, any visitor would be able to obtain a visa valid for two entries.
“This new regime will encourage tourists to visit our country and stimulate investment in tourism,” she explained.
Comoane also said that the new measure reduced allowable investment volumes from US$50 million to US$500,000 dollars.
“If the required minimum investment money is high, there will be few who can invest in our country, but if we lower the bar, we will probably have a higher number of investors,” she said.
The deputy minister added that the regulation’ Investment Activity Visa also benefits members of governing bodies.
“The moment that he or she presents him or herself as a proxy, representative or member of the board of a certain company, she or she will enjoy a facilitated migration situation. This will improve investment in the country,” Comoana explained.
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.