2.1. Position, Size and Population
Mozambique is located on the east coast of Southern Africa. The main Mozambique’s latitude and longitude are 18° 15' south and 35 ° 00' east, measuring a total area of 801,590 km2, of which land constitutes 784,090 km2 and inland water 17,500 km2. The country is bordered by Tanzania to the north; Zambia and Malawi to the northwest; Zimbabwe to the west; South Africa and Swaziland to the southwest; and the Indian Ocean (Mozambique Channel) to the east.
Figure 2: Mozambique geographical Location, Latitude and Longitude Map Source: Maps of World. available at http://www.mapsofworld.com/lat_long/mozambique-lat-long.html accessed on January 20, 2017
With a population of 25.7 million inhabitants , Mozambique gained its independence from Portugal in 1975, from 1977 to 1992 the country was devastated by a civil war. By the time of the General Peace Accords of 1992, the country ranked …show more content…
In 1999 the value added tax ( VAT ) was introduced, followed by a new and more transparent income tax code in 2003. In 2005 the revenue authority ( Autoridade Tributaria Moçambicana) was established, and It marked a new phase of reforms to improve direct taxation and reduce distortions and tariff barriers.
2.3. Investment Framework
Overall, the investment framework in Mozambique is governed by the Investment Law No. 3/93, dated June 24, 1993, and its related regulations governing national and foreign investment. This law was replaced by Decree No. 43/2009 in August 2009, which provided new regulations to the Investment Law. The objectives of the Investment Law are:
• Establishment of the Centre for Investment Promotion (CPI) as a one-stop shop for investors;
• Simplification of company licensing