The Diplomatic Society

  • Increase font size
  • Default font size
  • Decrease font size

Trade, Tour, Invest – Timor-Leste

25 March 2019

East Timor (Timor-Leste) restored its independence from Indonesia on 20th May 2002 through a referendum in 1999 that was supported by the United Nations. Since then a new government was set up to build and maintain all infrastructure that was destroyed by anti-independence militia.

The publication of an Investment Guide for the country is a clear indication of the developments taking place as it paves the way for investment. Key information on the country’s economic situation and the principal tax, legal and labor issues, as well as how to initiate a business in Timor-Leste is provide by the Investment Guidelines. It sets out six key attractiveness factors including natural resources, commitment to sustainable development, the use of US currency, the reform program, international integration, and the country’s competitive tax regime.

Moving beyond oil, gas and minerals, the pristine landscapes providing temperate, subtropical and tropical climates provide huge potential for tourism as well as opportunities in agriculture, forestry and aquaculture. Ongoing investments in infrastructure and human resource development along with the reform program that prioritizes and streamlines the implementation of structural economic measures have already begun to result in investments and the generation of jobs.

In terms of fiscal settings the investment guide suggests that the upside of the use of the US dollar in Timor-Leste is a reduction in exchange rate risk allowing a more stable background in which to develop operations and notes that corporate tax, customs duties and indirect tax rates are lower than comparable countries in the Asia-Pacific region.

The Government has made marked progress in the last two years to improve the business environment in order to encourage economic diversification. Businesses are encouraged to investigate and explore potential opportunities and make direct contact with .Trade Invest Timor-Leste.

Visa on arrival, ease of process to obtain a working visa for investors has been implemented. Accommodation and other living arrangement facilities are available and are continuously being expanded and upgraded.



February/March 2020













<|> <|> Indonesian Tourism responds to Millennials and wins Award 8 October 2019 "The challenge to the tourism world is not getting easier. It is not only the global economic slowdown, but also a change in... <|> A MEMORIAL, CORONATION, ENGAGEMENT AND A WEDDING: A ROYAL AFFAIR by Stella Sigcau 15 October 2019 September and October months were very busy in the royal calendars throughout South Africa... <|> Culture and Heritage Tourism Boost the Economy of the Mpondo Kingdom Mbotyi and Mngazi 15 October 2019 By Stella Sigcau Mpondo Kingdom is known for its cultural richness, beautiful... <|> SADC enhances cooperation with Indonesia 15 October 2019 ”Indonesia is ready to be part of the African development, especially in the southern African region” Photo: Ambassador of the Republic... <|> A rising star ready to make it internationally by Stella Sigcau 16 October 2019 Azemahle Lwanda Matebese a 13 year old, grade 8 scholar from Durban Girls High School has had a passion for dancing... <|> Korea calls for ease of doing business in SA 2 October 2019 This year marks Korea’s 4,352nd anniversary since its national foundation, and the 71st anniversary of its Armed Forces Day. In South... <|> Russia-Africa look to deepen scientific ties 14 October 2019 With a week to go until the first ever Russia-Africa Summit, Russia has emphasised the need to expand and deepen scientific ties between... <|> SA, Nigeria commit to condusive business environment 4 October 2019 The governments of South Africa and Nigeria have committed to creating a conducive business environment that will make it easier... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.