The Presidential Decree affects the provisions of Law No. 60/90 as follows:

  • As of March 3, 2023, the floor of USD 5,000,000 of minimum investment required rises to USD 13,000,000 of minimum investment required for an investment project to enjoy the exemption from the Tax on Dividend and Profits ("IDU") and Non-Resident Income Tax ("INR") on interest accrued on loans.
  • Investment projects under USD 13,000,000 will not need to be prepared by national technicians or consultants registered with the Ministry of Industry and Trade.

Other benefits for investment projects, such as the exemptions of customs duties and other taxes applicable to imports and the release of bank reserves, among others, are not affected and are granted even when the investment amount is not equal to or greater than USD 13,000,000.