The Algerian Agency for Investment Promotion has registered 19,054 projects worth 8,242 billion DZD ($61 billion) since its inception three years ago, according to its Director General, Mr. Omar Rkach, who stated that the actual entry rate of projects into implementation has reached 'very satisfactory' levels, as reported by the Algerian News Agency. Mr. Rkach explained that the number of registered projects at the decentralized single windows, the single window for large projects and foreign investments of the agency from November 1, 2022 (the date of the agency's activity start) to December 21 of this year 'reached 19,054 projects explicitly approved with a total value of...
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
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