Investment guarantees and advantages and their impact on the country's economy

(Applied study on the Republic of Yemen)

Abstract

This research studies the guarantees, privileges and investments incentives stipulated in Yemeni legislations, due to their importance towards the country’s economy, and clarifies their level of effectiveness. The study is limited to legal provisions and not addressing other elements of investment, such as, the political stability and the exceptional current situation Yemen is going through.

The study covers the guarantees and privileges stated in the Law No.(15) of 2010 on ‘Investment’, in addition to what is stated in Law No.(14) of 1990 on ‘Customs’, amended by Law No. (12) of 2010, Law No.(17) of 2010 on ‘Income Taxes’, and the Law No.(4) of 1993 on ‘Duty Free Zones’, and the ‘Double Taxation Avoidance Agreements’ (DTAs) either regional or bilateral, and the ‘Production Sharing Agreements’ (PSAs) concluded between the Yemeni government and oil companies, and other international, regional and bilateral agreements on settlement of investment disputes.