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Invest in the MEDA region, why how ?
free to repatriate dividends, profits, and real net income
resulting from transfer of assets or liquidation.
� Nationalisation and expropriation: The Constitution of 8
December 1996 provides legally‐binding guarantees against
expropriation and confers the right to equitable compensation.
The Constitution also guarantees private property and freedom
of trade and industry.
� Dispute settlement: Algeria has signed the convention of the
International Centre for the Settlement of Investment Disputes
(ICSID), ratified its accession to the New York Convention on
arbitration, and is a member of the Multilateral Investment
Guarantee Agency. The Code of Civil Procedures allows both
private and public sector companies full recourse to
international arbitration at ICSID or ad hoc arbitration at the
U.N. Commission on International Trade Law (UNCITRAL)
model for dispute settlement between the Algerian State and
private companies. Algeria has also signed several bilateral
investment agreements for the protection and promotion of
investments with 27 countries as well as 12 bilateral treaties to
prevent double taxation.
Investors wishing to enter the Algerian market can either open a
branch office or set up a company by creating a legal entity under
Algerian trade law, a joint venture with an Algerian resident
(private individual or corporate entity) by creating a mixed
investment Company (SEM), or securing shares in the capital of an
already existing company. A recent law (passed in 2005) requires
that all companies working in foreign trade increase capital stock
equity to a minimum of DZ20 million (about US$ 275,000) by 26
December 2005.
Possible legal forms for a new company are: joint stock company
(SPA), limited liability company (SARL), individual limited
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