Simplifying financing by reducing documentation from 10 to 6 and adopting a risk assessment, not dealing with delinquent suppliers, and calling contractors to find amicable solutions. The Ministry of Knowledge Economy, Startups, and Micro-Enterprises has approved seven key measures aimed at rescuing these enterprises and ensuring their continuity in the national economy. These include addressing pending files related to the non-receipt of equipment through amicable or legal solutions, freezing dealings with delinquent suppliers legally, enabling the investor to complete the project or change the supplier after exhausting legal procedures, and updating the governance of the National Agency for Support and Development of Enterprises...
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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