Exporting to Algeria

Algeria. People’s Democratic Republic of Algeria

Export opportunities for Spanish companies in Algeria

Strengths

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

  • Facilities offered by the government.
  • Five-year government programmes for the country’s development and the welfare of Algerians.
  • Qualified, young and competitive labour force.

Weaknesses

The economy depends entirely on income from oil (98% of exports), which makes it highly vulnerable.

  • The Administration is extremely slow with administrative procedures.
  • The generalisation of the 49/51 rule, in force since 2009, which makes it compulsory to have a majority percentage of resident Algerians in all foreign investment projects.
  • Access to the territorial industrial tax.

Investments

  • Attractive investment opportunities in a large number of sectors.
  • prevention against tax evasion in matters of recovery of income taxes and wealth taxes.
  • Right to transfer the company’s profits following the close of the financial year and payment of the IBS (corporate tax). The foreign party must pay a tax of 15% of the amount to be transferred.
  • There are exemptions in the payment of IBS and TAP taxes for those investors who create over 100 new jobs.
  • Forms of aid for investment through public and private institutions with a programme for the more burdensome public sector, and with advantages.

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.

 

Contact

Algeria

Lot Piette 1 Rue No 10
Le Paradou – Hydra
Algiers

Contact details
Manager: Mme Hassiba Bestandji
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 Banco Sabadell representative office in Algeria, inaugurated in the year 2004, had the privilege of being the first Spanish financial organisation in this country. Just like the other Banco Sabadell subsidiaries abroad, the Algerian subsidiary boasts extensive operating and commercial experience, as well as possessing in-depth knowledge of the Algerian financial system.

One of the greatest assets of our Banco Sabadell office in Algeria is the excellent relations that we maintain with the main Algerian banks, both public and private alike. This is an advantage that allows us to intervene and provide better assistance to our customers. Furthermore, Banco Sabadell in Algeria is a member of the Algerian-Spanish Trade and Industry Circle (CCIAE), where it maintains very good relations with the country’s main public and private agents and bodies.

Services

  • Professionalism and quality of service.
  • Support for Spanish companies, or their subsidiaries in Algeria, interested in investments or in foreign trade operations
    by introducing them into local banking.
  • Monitoring of banking transactions.
  • Collaboration with Spanish companies that take part in trade and economic missions, organisation of meetings
    and visits according to their needs.