Guide économique des Comores au format .pdf - Présidence de l ...

Photo BaraUnion des Comores 2003Guide économique12The promotion of investments (suite)g The Comorian authorities encourage the setting-up ofspecialised new banks (industrial, agricultural, etc.)Entry and stay in the comorosThe law 88-025 governs the entry and stay conditionsin the Comoros. There are three kinds of visas underthis law:g Transit visa: it is issued for a period of 24 to 72hours, it is free of charges.g Tourists visa: issued for 5 to 45 days, it can be extended.The fees are as follows:h 1 week: 3.000 cfh 2 weeks: 6.000 cfh up to 25 till 45 days: 10.000 cfThe issuing of such a visa requires the presentation bythe applicant, of a valid passport and a return ticket.The visa is issued at the airport and can also be obtainedabroad.g A multiple entries visa is issued to investors to allowthem to move freely in the country without having toapply for a visa everytime.g A short stay visa can also be obtained for a period of45 days to 3 months. It can be extended, and the feesare : 15.000 cf.g A long stay visa: it can also be issued to workers witha working contract. The fees are: 30.000cf. It is valid forone year and can be extended.g Investors can obtain a resident permit, upon presentationof the following documents:h the statute of the enterpriseh the registration to the Trade Registerh the approval of the Ministry of EconomyThe fees for this card are: 60.000cf. It is valid for 10years.Land allocation systemg Foreigners are allowed to purchase real estate (piecesof land or buildings). Regarding private lands, theselling contract is concluded between the owners andthe buyers. For the state-owned land, the same conditionsapply to foreigners and to local people (see text).Labour and social lawsemployer.g The workingcontract shouldcontain the name ofthe enterprise, thename of the worker(full address, type ofcontract, period ofthe contract, theresponsibility of theworker, the salary,the working hours, the days off and the leaves.g 37.000 cf, the equivalent of $74 US is the minimumguaranteed wage ( SMIG) proposed by the workinginspection (this proposal should be passed by theAssembly).g Every worker should be a member of the nationalhealth insurance ( to be insured for accidents and professionaldiseases).g Women workers benefit from 14 weeks off , to be paidby the employer.Customs systemThe Union of the Comoros applies the AutomatedCustoms System and EUROTRACE. It also applies theharmonised system for the designation and codificationof commodities (SH96). Non tariff barriers are no longeravailable ( quota systems, prohibitions, imports orexport licences and exchange control ).However for statistics reasons, a statistics sheet isrequired by the Ministry of Economy. A professionalcard is compulsory for importers and exporters only.g Goods are inspected by COTECNA before being loaded;g The exported products are subject to a customsdeclaration;g No more taxes are levied on exports except forvanilla;g There are three rates for the Customs Tariff System(20%, 30% and 40%) However, an 80% reduction onproducts imported from the IOC countries is on the pointof being applied. The same reform will be applied togoods from COMESA Member States. The ComorianTechnical Working Group (GTT) is leading negotiationswith the competent authorities to expedite its implementation.g The management of the staff of an enterprise based inthe Comoros, lies within the responsibility of the