Somalia Investment Promotion Office
Our Vision is “To Promote and Sustain Direct Foreign Investment flow to Somalia”
The Investment Promotion Office (SOMINVEST) at the Ministry of Planning, Investment and Economic Development is a statutory body established under Article 6 (sections 1-8) of the Foreign Investment Law of 2015 to: promote foreign investment; rebrand Somalia; facilitate investment entry and retain; and continuously advocate for improved investment policies. SOMINVEST focuses on sector-specific investor targeting and development of new partnerships to enable sustainable investments in Somalia.
SOMINVEST is a specialized and dedicated office, guiding investment in key growth priority sectors, but has also worked hard to support simplification of investment entry barriers such as improving the visa and tax regimes as well as the labor law. Moreover, in developing Somalia as an investment brand in its own right, SOMINVEST’s ‘Brand Somalia’ provides a detailed country profile for investors and strives to positively portray the country oversees while highlighting the country’s competitive products for international markets.
The investment promotion office consists of four sections