"Direct investment"

"Direct investment"

"Direct investment" is an investment for the purpose of establishing lasting economic relations with an enterprise such as investments which give the possibility of exercising an effective influence on the management thereof, in the country concerned by non-residents or abroad by residents, by means of:

1. creation or extension of a wholly owned enterprise, a subsidiary or a branch, acquisition of full ownership of an existing enterprise;

2. participation in a new or existing enterprise;

3. a loan of five years or longer.