March 05 2007
Private foreign investments enjoy the same rights and guarantees as those afforded to domestic investments (except those relating to national security and public health). Furthermore, the Foreign Investment Promotion Law(1) provides for the following special rights and guarantees for foreign investors and investments:
In order to benefit from these special rights and guarantees, foreign investors must register their investment with the Ministry of Economy, Industry and Trade. Investors must describe the nature and amount of their investment and other important information in the registration form. The ministry will review the application within 30 days and verify that it fulfils all necessary requirements; if so, it will approve and register the investment. Registrations are valid for one year; foreign investors must thus renew or update their registration every year to continue to enjoy the special rights and guarantees.
For further information on this topic please contact María Belinda Bendaña Talavera at Taboada & Asociados by telephone (+505 254 5454) or by fax (+505 254 5295) or by email (email@example.com).
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María Belinda Bendaña Talavera