Luanda — Cabinda province is expected to become an attractive hub for foreign direct investment, under the Special Tax Regime to be attributed to that region.

The specialised committees of the National Assembly on Monday analysed the draft laws authorising the President of the Republic, as Head of the Executive Power, to legislate on the Special Tax Regime for Cabinda and on the Alteration of the Tax Regime Applicable to the Oil Concession of the Maritime Zone of that province.

Both draft Legislative Authorisation Laws will be discussed and voted at the 7th Extraordinary Plenary Meeting of the 5th Legislative Session of the IV National Assembly Legislature, scheduled for the 7th of this month.

The Legislative Authorisation bills aim to boost the province's socio-economic development by applying tax benefits with a direct impact on the local business community and on the life of the population, increasing the level of own revenue and improving people's living quality.

The deputies also appreciated the Public Service Framework Law Proposal, which will be discussed and voted, in general terms, in the Extraordinary Plenary Meeting on the 7th of the current month.