Promotion and Admission. (1) Each Contracting Party shall, in its State territory, promote as far as possible investments by investors of the other Contracting Party and admit such investments in accordance with its national laws and regulations.
(2) When a Contracting Party shall have admitted an investment in its State territory, it shall, in accordance with its national laws and regulations, grant the necessary permits in connection with such an investment, including authorisations for engaging top managerial and technical personnel of their choice, regardless of citizenship.
Promotion and Admission. 1. Each Party, as far as possible, will encourage and create favorable conditions for investors of the other Party to make their investments in its territory and will admit such investments in accordance with its laws and regulations in force.
2. Substantial extension and modification or transformation of an investment, made in accordance with the Host Party's applicable laws and regulations, is considered a new investment.
3. Neither Party, after the entry into force of this Agreement and without prejudice to its laws and regulations in force prior to that date, shall establish arbitrary or discriminatory measures under this Agreement on the management, maintenance, use, enjoyment, sale or settlement in its territory of investments made by investors of the other Party.
4. Returns on the investment upon reinvestment in accordance with applicable Host Party laws and regulations enjoy the same protection as the original investment.
5. Without prejudice to its existing laws and regulations and its policies on the entry of foreign nationals, each Party shall grant the necessary facilities and permits for the entry, exit, stay and work of an investor of the other Party and any person. permanent or temporary relationship with the investment, such as managers, specialists and technicians.
6. Nothing in this Agreement shall be construed as preventing a Party from taking any action deemed necessary to protect public order, public health or the protection of the environment, provided that such measures are not applied in a discriminatory, abusive or unjustified manner.
7. Investors and investments must comply with Host Party measures that prescribe the formalities for establishing an investment upon admission and accept the Host Party's jurisdiction with respect to such investment.
8. Investors will endeavor to contribute to the Host Party's development objectives and provide it with any requested information about their investments for the purpose of making such investment decisions or for statistical purposes only.
Promotion and Admission. 1. Each Party shall encourage and create favorable conditions in its territory for investments of the other Party, and shall admit such investments in accordance with its laws and regulations.
2. Once a Party has admitted an investment in its territory, it shall provide, in accordance with its laws and regulations, all necessary permits related to such investment.
Promotion and Admission. Each Contracting Party shall in its territory encourage investments by investors of the other Contracting Party and admit such investments in accordance with its laws and regulations.
Promotion and Admission. (1) Each Contracting State shall encourage and create favourable conditions for investors of the other Contracting State to make investments in its territory and, in accordance with its laws, shall admit such investments and activities associated therewith.
(a) Each Contracting State shall in accordance with its legislation endeavour to take and enter into force the necessary measures for granting of appropriate facilities, incentives and other forms of encouragement for investments made by investors of the other Contracting State.
(b) Investors of either Contracting State shall be entitled to apply to the competent authorities in the host State for the appropriate facilities, incentives and other forms of encouragement and the host State shall grant them all assistance, consents, approvals, licences and authorizations to such an extent and on such terms and conditions as may be determined by the legislation of the host State.
(3) With respect to its tax policies, each Contracting State shall strive to accord fairness and equity in the treatment of investment of investors of the other Contracting State.
(4) The Contracting States shall periodically consult between themselves concerning investment opportunities within the territory of each other in various sectors of the economy to determine where the investments from one Contracting State into the other may be most beneficial in the interest of both Contracting States.
(5) Investors of either Contracting State shall be permitted to engage top managerial personnel of their choice regardless of nationality to the extent permitted by the laws of the host State. The Contracting States shall make available all necessary facilities including the issuance of visas and permits of stay to such managerial personnel and to their families in accordance with their respective laws and regulations.
(6) Once established, the investments shall not be subjected to additional performance requirements in the host State which might hinder their operation or development.
Promotion and Admission. (1) Each Party, with the aim to increase investment flows by investors of the other Party, may make available information regarding:
(a) investment opportunities in its territory;
(b) the laws, regulations or provisions that, directly or indirectly, affect foreign investment including, among others, currency exchange and fiscal regimes; and
(c) foreign investment statistics.
(2) Each Party shall admit investments by investors of the other Party in accordance with its laws and regulations.
(3) When a Party has admitted an investment in its territory, it shall grant, in accordance with: its laws and regulations, the necessary permits in connection with such investment, including permits for the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance, as well as authorizations required for the activities of consultants or experts.
Promotion and Admission. 1. Each Contracting Party shall encourage and create favourable conditions for investors of the other Contracting Party to make investments in its territory and shall admit such investments in accordance with its laws and regulations.
2. When a Contracting Party shall have admitted an investment in its territory, it shall, in accordance with its laws and regulations, grant the necessary permits in connection with such an investment and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance.
3. Each Contracting Party shall, whenever needed, endeavour to issue in accordance with its laws and regulations, the necessary authorizations concerning the activities of consultants and other qualified persons, regardless of their citizenship.
Promotion and Admission. Either Contracting Party shall, within the framework of its laws and regulations, promote economic cooperation through the protection in its territory of investments of investors of the other Contracting Party. Subject to its right to exercise powers conferred by its laws or regulations, each Contracting Party shall admit such investments.
Promotion and Admission. (1) Each Contracting Party shall, in its State territory, promote as far as possible investments made by investors of the other Contracting Party and admit such investments in accordance with its national laws and regulations. However, this Agreement shall not prevent a Contracting Party from applying restrictions of any kind or taking any other action to protect its essential security interests or public health or to prevent diseases or pests in animals or plants.
(2) When a Contracting Party shall have admitted an investment made in its State territory by investors of the other Contracting Party, it shall, in accordance with its national laws and regulations, grant the necessary permits in connection with such an investment, including authorizations for engaging top managerial and technical personnel of their choice, regardless of citizenship.
Promotion and Admission. 1. Each Contracting Party shall encourage and create favourable conditions for investors of the other Contracting Party to make investments In its territory, and shall admit such investments in accordance with its laws and regulations.
2. In order to encourage mutual investment flows, each Contracting Party shall endeavour to Inform the other Contracting Party, at the request of the latter Contracting Party, on the investment opportunities in Its territory.
3. When a Contracting Party has admitted an investment In Its territory, It shall, In accordance with its laws and regulations, facilitate the permits necessary in connection with such an investment and activities related to It.
4. Each Contracting Party shall endeavour to facilitate, according to its laws and regulations. the entry, stay and work In its territory of natural persons of the other Contracting Party and of personnel employed by investors of the other Contracting Party for the purpose of engaging in activities connected with investments.
