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PART SEVEN
Investment Administration

22. Investment Administration Organs

The administration of investment shall be carried out through the following organs:
1) The Ministry of Trade and Industry;
2) The Investment Board;
3) The Authority;
4) Regional investment organs to be defined by the laws of the respective region.

23. Jurisdiction

1) The administration of investment in respect of the following shall be under the jurisdiction of the Authority;
(a) investment made by foreign investor;
(b) investment made by foreign national taken for domestic investor;
(c) investment made, in areas eligible for incentives by domestic investor who is required to obtain business license from concerned federal organs;
(d) joint investment by domestic and foreign investor.

2) Investments other than those referred to in Sub Article (1) of this Article shall fall under the jurisdiction of regional investment organs.

3) The granting of incentives by way of exemptions from import taxes and customs duties shall fall under the exclusive jurisdiction of the Ministry of Revenues.

4) Where an investor with a permit from the Authority or a regional investment organ applies for incentives of exemption from import taxes and customs duties, the Authority or the regional investment organ shall, after examining and ascertaining its acceptability within 5 days, transmit the application to the Ministry of Revenues together with the necessary information. The Ministry of Revenues shall give its decision within 7 days of receipt of such complete information.

24. One-Stop Shop Service
1) The issuance of business licenses, the granting of work permits to
expatriate employees, and the registration of business organizations
as required under the relevant laws shall, with respect to investors
holding investment permits, be carried out by the Authority or by a
regional investment organ as may be appropriate, representing the
competent Federal or Regional executive bodies respectively.
2) The Authority shall register and render a one-stop service to export-oriented non-equity based foreign enterprise collaborations.
3) The Authority and regional investment organs shall carry out their functions under Sub Article (1) of this Article in compliance with the relevant laws thereof.
4) The Authority or a regional investment organ shall issue a license within 5 days after receiving an application pursuant to this Article, and is in full conformity with the requirements of the relevant law.

25. Transmission of Information on Investment
Each regional investment organ shall transmit to the Authority information compiled with respect to the resource potential and investment opportunities of the Region as well as periodic reports on investment activities therein.