In a significant move to enhance its economic competitiveness and foster a more dynamic business environment, the Tunisian Government has announced a major overhaul of its Investment Law. The initiative, revealed during a cabinet meeting led by Prime Minister Sarra Zaafrani Zenzri, aims to streamline procedures, attract investors, and accelerate the creation of new enterprises across the nation.
The new legislation is positioned as a cornerstone of the country’s strategic vision under President Kais Saied, which seeks to build a new development model founded on social justice and equitable growth.
A Strategic Shift For Economic Growth
Prime Minister Zenzri emphasized that investment is a critical pillar for creating jobs and strengthening the national economy. While acknowledging past reforms, including the 2016 law, she stated that the current system requires a fundamental update to meet the objectives of the national investment policy.
The revamped law is designed to direct capital toward high-impact projects and priority sectors. Key objectives include increasing the economy’s added value and export capacity, enhancing its technological content, creating quality jobs, and promoting inclusive development that preserves the environment and ensures regional balance.
Key Reforms To Modernize The Investment Landscape
Minister of Economy and Planning, Samir Abdelhafidh, detailed that the new law incorporates best international practices to attract both domestic and foreign investors. The comprehensive reform focuses on several key areas to modernize the investment journey.
A central feature is the unification of the legal framework and the full digitalization of the investor’s journey through a national investor platform. The government also plans to revise the current incentive system to better align with national priorities and create a single-window system to simplify administrative processes for all investors, with a particular focus on supporting young and new entrepreneurs.
Enhancing Accountability And Investor Support
Reflecting the government’s commitment to improving public sector efficiency and boosting investor confidence, the Prime Minister called on all officials to engage positively and promptly with investors.
To ensure accountability and provide a direct line of communication, the Prime Ministry has established a new channel for investors to report any delays, lack of response, or procedural violations by public entities. Investors can now submit their cases, along with supporting documents, directly to investissement@pm.gov.tn for review and resolution.
About The Tunisian Investment Law Reform
The Tunisian Investment Law Reform is a comprehensive legislative initiative by the Tunisian government aimed at improving the national business climate. Its primary goals are to simplify administrative procedures for local and foreign investors, digitalize the investment process, and align capital inflow with strategic national priorities, including job creation, technological advancement, and balanced regional development.
Source: Zawya
