Invitation To Potential Investors To STP
Limits on Foreign Control and Right to Private Ownership and Establishment:
According to Article 4 of the Investment Code, both domestic and foreign investors are free to establish and own business enterprises, as well as engage in all forms of business activity in STP, except in the sectors defined by law as reserved for the state, specifically military and paramilitary activities and as well as the Central Bank operations. STP is gradually moving toward open competition in all sectors of the economy, and competitive equality is the official standard applied to private enterprises in competition with public enterprises with respect to access to markets, credit, and other business operations. The government has eliminated former public monopolies in farming, banking, insurance, airline services, telecommunications, and trade (export and import).
There are no limits on foreign ownership or control except for activities customarily reserved for the state. The form of public participation, namely the percentage of government ownership in joint ventures, varies according to the agreement. Based on Article 8 of the Regulation of the Investment Code, all inbound investment proposals must be screened and approved by the applicable ministry for the economic sector in coordination with APCI. According to Article 14, an investment proposal can be rejected if it threatens national security, public health, or ecological equilibrium and if the proposal has a negative effect or insufficient contribution to country’s economy. However, these mechanisms do not go beyond the law’s mandate and are not considered barriers to investment.
Our Obligation:
As a responsible Government with an evident goodwill towards our illustrious Partners and Stakeholders in our national development activities, may I use this opportunity to welcome you into the last quarter of 2021, and also use the same medium to convey to you, our partnership intentions with regards to the Incentives our Government wish to Offer potential Investors in our National Economy, for 2021 and beyond.
- With an even/integrated development initiative, we are looking forward to Partners (Investors) who shall engage in the direct micro-management of their investments. So, interested Investors seeking to invest in Sao Tome & Principe are advised to do so based on their assessment of the viability of their investment/projects and recoupment will be from the operation of their business, as we encourage Investors to have exclusive financial management of their projects.
SPECIFIC AREAS OF INVESTMENT IN STP FOR ENGAGEMENT:
Agriculture:
Apiculture, Crop Production, Horticulture, Fishery, Livestock (Ranching), Piggery, Animal Husbandry, Poultry, Equipment And Sustainable Farming, Processing And Preservation Factories For Fruits Juice And All Agro Products, Exportation Of Agro-Processed Products.
Agro-Food Processing
Agro-Food Processing And Packaging, Butchery, Cashew Nut Oil Milling, Cassava Processing, Castor Oil Milling, Coconut Oil Processing, Cotton Seed Oil Milling, Cold Room, Dried Foods Production And Packaging, Feed Production (Feed Mill), Flour Production, Fruit Juice Production, Garri Production, Groundnut Oil Milling, Herbal Processing For Tea Production, Maize Milling, Millet Milling, Seed Production (Sesame Seed), Shea Butter Milling, Sorghum Milling, Soya Bean Oil Milling, Spice Production (Chilli Pepper), Spice Production (Ginger), Spice Production (Others), Sugar Production (Cubing Factory), Wheat Milling, Yam Processing, Plantain Processing, Snail Processing And Packaging, Other Sea Foods Processing And Packaging.
Creative Arts:
Art and Entertainment, Beauty Saloon, Fashion Designs And Exhibitions
Construction:
Deep Sea Port, Upscale Of The Airport, Aviation Services, Marine Transportation Jetties,, Borehole Drilling, Water Rate For Revenue To Govt. Through The Use Of Pre-Paid Meters, Low/Medium/High Income Earners Mass Housing For Residential Purpose
Energy/Power:
Renewable Energy, Solar Power, Waste To Energy Projects, Power
Education:
Formal Education, Informal Education (Vocational Centers), Affiliation Programme, Online Learning.
Environment:
Dredging, Land Scaping, Paper Recycling, Plastic Recycling, Waste Management Projects.
Food And Beverages:
Bakery, Catering/Restaurants/Fast Food Outlets, Cereal Production, Popcorn/Plantain Chips Production, Brewing, Dairy/Yogurt Equipment Supplies And Production, Fruit Juice Production, Honey Production, Ice Cream Production, Packaged Snacks, Water Bottling Production
Health Care:
Diagnostics And Laboratory Services, Wellness And Fitness Centers, Herbal/Natural Medicines And Oil, Hospital And Clinical Services, Medical And Laboratory Equipment Supply, Medical Courier, Pharmaceutical Production And Distribution, Telemedicine, Veterinary Services.
Hospitality:
Service Apartments, Co-Working Space, Hotels, Tourism, Event And Viewing Centers.
Informal Services:
Digital Industrialization, Mini Libraries, Business Centre Projects, Car Wash, Cleaning Services, Fumigation Services, Driving Schools, Event Management and Planning, Furniture and Canopy Rentals, Interior Decoration, Laundry Services, Online Food Delivery, Online Service Provider, Tailoring, Technicians (Repairers AC, Micro Wave, Washing Machine, Cooker, Generator, Vulcanizer Etc).
Information, Communication And Technology:
Graphic Design, IT Training Centers, Software Development, Telecommunication.
AGRIC FREE ZONE:
Ancillary Activities Are Currently Being Developed.
Other Projects:
Mini/Large Industries.
Shop Outlets/Warehouses/Shopping Mall/Events Center.
Office Building/Administrative Complex.
Ultra-modern Bus Terminal/Endowments
Banks/Insurance Firms Outlets.
Fuel Stations/Heliport.
Sports Arena/Play Ground.
Road Network/Central Water and Sewage System.