Foreign investment up to MZN 1.5M is subject to discriminatory screening procedures: while approval from the Pronvincial Governor is required for national investment projects up to MZN 1.5M, foreign investment projects up to MZN 2.5M require approval of Director General of the CPI.
"ARTICLE 1
Definitions
For the purposes of this Regulation, it is considered: [...]
e) Investment Promotion Centre, abbreviated as CPI – organ of the State Apparatus responsible for promoting, receiving, analyzing, monitoring and verifying investments made in the country, with the exception of ZEE's and ZFI's. [...]
m) Office of the Economic Zones for Accelerated Development, abbreviated as "GAZEDA" – an organ of the State Apparatus responsible for coordinating all actions related to the creation, development and management of Special Economic Zones and Industrial Free Zones;
[...]
ARTICLE 2
Scope of application
1. The provisions of this Regulation apply to private investments, national and foreign, carried out under Law no. regularly constituted.
2. The investments mentioned in this article, even if not eligible for the tax incentives defined in specific legislation, may benefit from the guarantee of exporting profits and re-exporting the invested capital.
[...]
CHAPTER V - Competencies and deadlines for project authorization
ARTICLE 12 - Power to decide on investment projects
1. The decision on investment projects received at the CPI is the responsibility of:
a) To the Governor of the Province, within a maximum period of three (3) working days after receipt of each proposal, regarding the realization of national investment projects of values ​​not exceeding the equivalent of one billion five hundred million meticais (1,500,000,000 .00Mt);
b) To the Director General of the CPI, within a maximum period of three (3) working days after the receipt of each proposal, regarding the realization of national and/or foreign investment projects of amounts not exceeding the equivalent of two billion five hundred million of meticais (2,500,000,000.00Mt);
c) To the Minister who oversees the Planning and Development area, within a maximum period of three (3) working days after receipt of each proposal, regarding the realization of national and/or foreign investment projects, provided that the total amount involved does not exceed the equivalent of thirteen billion, five hundred million meticais (13,500,000,000.00Mt);[...]
3. Considering the complexity or implications of a political, economic and social nature, both the Director General of the CPI and the Director-General of GAZEDA may submit proposals for investment projects within their scope for consideration by the Minister who oversees the Planning and Development area.[...]" (Decree No. 43/2009 of 21 August on the Regulation of the Investment Law [google translation])
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"Chapter I. General provisions
Article 1. Definitions
1) For the purposes of this Law, the following definitions shall apply: [...]
j. Foreign investor — individual or corporate person bringing to Mozambique from abroad capital and resources belonging to or at the own account and risk of the said person, with a view of carrying out direct foreign investment as defined in paragraph 1m) of this Article, in a project under this Law;
l. National investor — individual or corporate person who makes available capital and resources belonging to or at the own account and risk of said person, with the aim of carrying out direct national investment, as defined in paragraph In) of this Article, in a project approved in accordance with this Law;
m. Direct foreign investment — any form of foreign capital contribution valuable in monetary terms which constitutes own equity capital or resources at the own account and risk of the foreign investor, brought from external sources and to be used in an investment project for carrying out an economic activity, through a company registered in Mozambique and operating from Mozambican territory;[...]
q. Foreign person — any individual whose nationality is not Mozambican, or, in the case of a corporate person, the company originally formed under the legislation of another country, or which, having been formed in the Republic of Mozambique under Mozambican laws, has more than 50% (Fifty percent) of the respective share capital held by foreign persons, as provided for in paragraph 2 of this Article;[...]" (Law No. 3/93 of 24 June on Invesment)
Decree No. 43/2009 of 21 August on the Regulation of the Investment Law [google translation]
Law No. 3/93 of 24 June on Investment
[<a href="http://invest.apiex.gov.mz/wp-content/uploads/sites/4/2019/08/Investment-Regulations-43-2009.pdf">Decree</a>],[<a href="https://investmentpolicy.unctad.org/investment-laws/laws/108/mozambique-investment-law">Act</a>]