Friday, 16 November 2012 00:00

One Stop Shop and incorporation of companies

Mabushi Chambers contributes to a workshop relating to the one stop shop for incorporation of companies, organized by the Burundi Investment Authority (API) and the Burundi Revenue Authority (OBR) with the support of IFC. The workshop was organized by API with the support of the World Bank (IFC) at the Roca Golf Hotel. Various stakeholders and businessmen attended the workshop which was launched by the representative of the Ministry of Finance. Me Augustin Mabushi made a presentation relating to the forces, weaknesses and perspectives of the one stop shop for incorporation of companies. The presentation raised very interesting exchanges.  
Wednesday, 28 November 2012 08:39

Invest in Burundi: A glance at the new trend

Changing the investment perspective Since the promulgation of the Investment Code of 2008(Law n°1/24 of September 10th, 2008 on the Investment Code) ,the investment environment in Burundi is increasingly governed by rules that are intended to encourage private initiatives by providing for measures to liberalize investment, to guarantee their legal certainty and incitement for investment. With regard to investment liberalization, the investment code removes the procedure under the old code which conditioned the granting of incentives to investors with the opinion of the Interministerial Commission of Investments and a decree issued by the Council for approval of Ministers. In fact this code was the source of delay in processing cases while the new code devotes a certain level of automaticity in the granting of benefits by significantly reducing the administrative path of the investor. Regarding investment incentives, the Investment Code provides economic benefits such as an import credit for operators to make it more attractive installation in the country. This is reinforced by the fact that the benefits under the code no longer relate a given period but are based on the size of investments. Finally regarding the security of investments, the Investment Code provides contractors to ensure the protection…
Wednesday, 28 November 2012 08:26

Regulating the tourism sector in Burundi.

A need to reform In recent years, Burundi has undertaken major legal and institutional reforms for the consolidation of peace and the implementation of its Strategic Framework for the Fight against Poverty. Tourism has a transversal nature which makes it sensitive to actions taken by other economic and social sectors. Hence, the need for a parallel reform in tourism sector in Burundi. Thus, different reforms undertaken with regard to the Land Code, the Companies Act, Investment Code, Commercial Code…., as well as the review of tax system and the accession of the country to East African Community could not leave indifferent the legal framework for tourism in Burundi. The national tourism strategy elaborated in July 2011 described at that time, the tourism legal environment as "an obsolete and partially implemented framework, with an incomplete scope and outdated provisions" The framework was summarized in an Act dating from 1955 amended several times between 1955 and 1963 to clarify or to replace certain provisions in order to adapt them to the context. This is the Order 41/291 of 2 September 1955 relating to the operation of hotels, restaurants, guesthouses, pubs. This Ordinance was the fundamental regulatory framework of tourism in Burundi. Its…