South Sudan is a young, promising and dynamic nation. There are many changes which permiate the South Sudanese society, business and culture creating new investment and trade opportunities.
Resources that open a door into the future
Apart from oil and natural gas reserves, South Sudan also has mineral resources such as iron, marble and gold as well as an array of natural products which offer exciting investment opportunities. Among them are cotton, gum Arabic, pulses, hides and other agricultural products.
The South Sudanese Government encourages investment
The government has taken specific steps to promote investment in the country. Some of these include:
Establishment of Southern Sudan Investment Authority (SSIA);
Development of investments laws which spell out the investment guidelines in the country;
Equal treatment and opportunity for local and international investors; and
Enactment of specific laws that support investment by making provisions for attractive fiscal regimes, protection of industrial and intellectual property rights, credible guarantee of legal security and investment stability, repatriation of profits and dividends, custom duties exemptions, as well as reduced red tape and bureaucracy.
Policy of non-discrimination – foreign investors are allowed to invest in and run businesses in any sector in South Sudan;
Guarantees against expropriation – The government shall not nationalize any enterprise. Further, no investor will be compelled (by law or otherwise) to cede any part of investment capital;
Protection of Intellectual Property laws – The government shall protect all intellectual property and rights of all persons and investors. All trademarks, copyrights, patents, etc will be enforced;
Access to Public Information – Investors have open and direct access to all laws and decisions of courts, other adjudicative bodies and to any public information;
Repatriation of capital, profits and dividends – investors have the right to freely repatriate their money in freely convertible currency or dispose of it in any manner they deem fit, subject to tax and other lawful obligations; and
Dispute Resolution – Any aggrieved investor has recourse to the courts of South Sudan which has jurisdiction over business disputes. Parties to a dispute are also free to specify alternative dispute resolution mechanisms they may agree upon. Any investor in dispute with the GoSS has recourse to internationally accepted dispute resolutions mechanisms.