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GAFI Investor Service Centers (ISCs) nationwide host representatives of other government agencies competent to issue approvals/permits/licenses. According to Investment Law 72/2017, the representatives transferred to the ISCs have the power to grant approvals/permits/licenses as per the technical requirements contained in the laws regulating the competent authorities' scope of work and GAFI Investor Guidebook. They also have the same power vested in the competent authorities in the field allocation of real estate and granting of required approvals/permits/licenses that would streamline, promote, and stimulate the investor's business.
The investor is required to submit all documents required by the competent authorities in connection with the business activity requested to be approved/permitted/licensed.
Documents submitted must be true and correct. Moreover, the investor is required to pay the fees required for each license while adhering to the terms and conditions stipulated in the laws regulating each license respectively.
The investor is required to complete the documents required by the competent authority in order to obtain the approval/permit/license necessary for carrying on business.
The investor is required to pay the fees prescribed by the competent authority in order to obtain the approval/permit/license necessary for carrying on business.
Granting an approval/permit/license consumes different periods depending on the type of approval/permit/license and the procedures required by the competent authority granting the approval/permit/license.
The investor submits an application for an approval/permit/license and uploads all required documents. The competent official will assess the documents in form.
- Representatives of the competent authorities will then assess the content of the submitted application and documents in order to decide whether to accept or reject the application or to inform the investor of any other required documents or missing data.
- Following that, the investor pays the fees or submits the required documents or data.
- Finally, the competent authority grants on a case-by-case basis the required approval/permit/license within the time limits specified in the law and the regulations.
