The drastic reduction in the time it takes to grant this type of visa was decided at a meeting on Wednesday (5 June) in Luanda between the Chairman of the Board of Directors of the Angolan Private Investment and Export Promotion Agency (AIPEX), Arlindo das Chagas Rangel, and the Director General of the Migration and Foreigners Service, João António da Costa Dias.
As a result of the understanding reached, the times for granting work visas and residence permits, requested under the private investment programme, will also be reduced to the same periods.
Until Wednesday’s agreement, both the investor’s visa and the other essential authorisations were not granted in periods of less than 30 days.
With this understanding, AIPEX and the SME have taken a giant step forward, putting Angola on the same level as the countries most attractive to foreign investors.
This initiative is inseparable from the process of debureaucratisation and simplification underway in Angola, which the Executive is carrying out with the aim of opening Angola up to the world. This process places special emphasis on the issue of migration. Last year, Angola exempted tourist visas for citizens of more than 90 countries from all continents.
For AIPEX, the drastic reduction in the time it takes to grant entry, work and residence permits is a giant step towards attracting foreign investors and stimulating economic growth, job creation and the diversification of the national economy. It is a direct response to the demands of the global market for faster and less bureaucratic processes.