ANNOUNCEMENT 24 Jun 2012In June 2012, the government of Democratic Republic of the Congo announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
UNCTAD World Investment Report 2012, Chapter III: Recent Policy Developments: http://www.unctad-docs.org/files/UNCTAD-WIR2012-Chapter-III-en.pdf
Loi No. 11/022: http://faolex.fao.org/docs/pdf/cng109785.pdf
FAO Foreign Agricultural Investment Country Profile, Democratic Republic of the Congo 2012: http://www.fao.org/fileadmin/user_upload/tcsp/docs/CONGO_Country_Profile_FINAL1.pdf
On December 24, 2011, the Democratic Republic of Congo (DRC) passed Law no. 11/022 'Portant principes fondamentaux relatifs ŕ l'agriculture', which stipulates that buyers of agricultural land must be either physical persons with DRC nationality or legal persons under DRC law in which the majority of equity is held by the state and/or Congolese citizens. Moreover, they must have their residence, domicile or seat within the DRC. The law came into effect six months after its publication.