Consulate General of Afghanistan
in Toronto
(416) 385 1033
Languages:
  • Consul General
  • Consular Services
  • Business
  • Afghanistan
  • Gallery
  • Operating hours:
    Monday-Friday   9AM - 5PM, lunch break from 1PM-2PM
    Weekends   Closed
    NOTICE: THIS WEBSITE IS NO LONGER SUPPORTED.
    You can now find us at www.afghanconsulatetoronto.com
    Kabul
    Toronto

    Afghanistan Fact Sheet-Economic Environment


    SOUND PUBLIC POLICIES

    GDP growth : 29% (2002) and 23% (2003)

    Successful currency reform in late 2002 which stabilized inflation

    Mobilization of domestic revenue- from nearly 0 (2001) to 4+% of GDP (2003)


    DEVELOPING INFRSTRUCTURE

    New Road network connecting cities within Afghanistan to neighbours

    Creation of six industrial parks totalling more than 1,250 hectares (3,000 acres) to expedite professional, high quality industrial investments


    FACILIATING INVESTMENT, ENCOURAGING BUSINESS

    Customs procedure streamlined and paperwork reduced by 90%

    Financial sector reform- newly autonomous Central Bank, private banks

    Investment laws allowing 100% foreign ownership

    Use of Multi-Investment Guarantee Agency to mitigate perceived risks

    Lowest import tariffs in the region (IMF Report January 4, 2005)

    Exports increased by 76% in 2003 and 46% in 2004 (IMF Report, Jan. 2005)

    Creation of Afghan Investment Support Agency by Presidential Degree


    AFGHAN INVESTMENT SUPPORT AGENCY

    One-stop shop for investors (responsible for registration and licensing)

    Simplified investment process from 28 steps to 5

    Website; www.aisa.org.af

    THE HIGH COMMISION FOR INVESTMENT (HCI) HAS ESTABLISHED THE TECHNICAL COMMISION, IN ORDER TO FACILITATE AND
    STREAMLINE PRIVATE INVESTMENT IN AFGHANISTAN.


    The Technical Commission of National and Foreign Private Investment in Afghanistan has the pleasure to present you list of necessary
    document prior to the registration of a foreign company in Afghanistan in order to apply for an Investment License.

    REQUEST TO THE INDIVIDUAL SEEKING AN INVESTMENT LICENSE
      The necessary documents are:
    1. The original application form of Investment License, signed by the competent authority of the company.


    2. TO BE ESTABLISHED
    3. The original of statement of incorporation and bylaws of the company, and the registration number of the company in the country of origin.

    4. The original transcript of Criminal record for the president and Vice president of the company


    5. TO BE CERTIFIED BY THE AFGHAN EMBASSY
    6. Three passport photos of the president and Vice president of the company.

    7. A copy of their passport.

    8. The company’s bank account references in the country of original and in Afghanistan (if any)


    9. TO BE CERTIFIED BY AFGHAN EMBASSY
    10. An official letter of introduction by your Embassy in Kabul to the Afghan Ministry of Foreign Affairs.

    11. Registration of the firm at the Economic Dept. of the Afghan Ministry Foreign Affairs.

    12. A completed Investment application with a copy of the investment project including feasibility studies (if any)


    *** For further information contact Afgan Investment Support Agency – www.aisa.org.af