Exporting to Algeria

Algeria. People’s Democratic Republic of Algeria

Opportunities for Spanish companies in Algeria

Strong points

Algeria’s proximity to Europe favours the delocalisation of energy-consuming industrial activities, as well as commercial exchanges.

  • Facilities provided by the Government.
  • Five-year government plans for developing the Algerians‘ country and well-being.
  • Qualified, young and competitive labour.

Weaknesses

The economy depends completely on income from oil (98% of its exports), which makes it very vulnerable.

  • The Administration is very slow in performing administrative processes.
  • Generalisation of the 49/51 rule, in force since 2009, which requires there to be a majority percentage of resident Algerians in any foreign investment project.
  • Access to territorial industrial tax.

Investments

Appealing investment opportunities in a large number of sectors:

    Prevention of tax evasion in the field of recovery of income and wealth taxes.
    Right to transfer the company’s profits after the close of the financial year and payment of corporate income tax (IBS).The foreign party has to pay a 15% tax on the amount to be transferred.
    There are exemptions in payment of corporate income tax (IBS) and professional activity tax (TAP) for any investors who create over 100 new jobs of work.
    Forms of aid for investment through public and private institutions with a programme for investment through public and private institutions with a programme for the more burdensome public sector and with advantages.

Prospects

    Good prospects in the medium term with the increase of exports beyond hydrocarbons.
    Weakness of the currency. Weaknesses of exchange reserves.
    Prospects for development of renewable energies, tourism and agriculture.

Outlook

  • Growth of GDP in 2014 by 5% and good prospects in the medium term.
  • Weakness of the currency.
  • Good exchange reserves: 191.866 M USD at end 2013.
  • Growth prospects in infrastructures and in all business sectors.

 

Find us at

Algeria

Lot Piette 1, Rue No 10, Le Paradou – Hydra
Algiers
Tel.: (+213) 23485574

 

Contact

Form of government

Unitary republic

Official language

Arabic

Currency

Algerian dinar (DZD)

Exchange rate

1 euro = 107.51 DZD (March 2014)

Religion

  • Islam: Sunni Muslims (99%)

Population

38.7 million (2013)

Time difference

+1 hour

Banco Sabadell in Algeria

algèria-people

M. Amine Moussi, Nezli Osmani and Hassiba Bestandji (Manager).

The representative office, opened in 2004, had the privilege of being the first Spanish financial institution in Algeria.

It benefits from a lengthy operative and commercial experience and has in-depth knowledge of the Algerian financial system. Banco Sabadell in Algeria is a member of the Algerian- Spanish Circle of Trade and Industry (CCIAE) and has very good relations with the main public and private agents and bodies.

Services

  • Professionalism and quality service.
  • Support for Spanish companies or their subsidiaries in Algeria, interested in foreign trade operations or investment, introducing them to local banking.
  • Monitoring banking transactions.
  • Cooperation with Spanish companies participating in commercial and economic missions, arranging meetings and visits to suit their needs.