ANNOUNCEMENT 04 Jun 2020
In June 2020, the Government passed the 2020 financial law that ends 51/49 majority ownership rule and allows for 100% foreign ownership of companies to boost the economy.
NUMBER OF INTERVENTIONS
Financial law of 2020, Ministry of finance, 4 June 2020.
Arabic Available at: http://www.andi.dz/PDF/loifinance_ar/LFComplementaire%202020-AR.pdf
French Available at: https://www.douane.gov.dz/IMG/pdf/loi_no20-07_du_04_juin_2020_portant_loi_de_finances_complementaire_pour_2020.pdf
On 4 June 2020, the government passed the 2020 financial act that ends 51/49 majority ownership rule that required Algerian shareholders to own 51% of the share capital. The new rule allows 100% foreign ownership of companies except in five strategic sectors:
The financial act of 2020 offers foreign investors benefits such as: