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Haiti Laws And Regulations Essay

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1
HAITI AND ITS LAWS AND REGULATIONS
Written Assignment Unit 1
Introduction
In all societies laws and regulations are very important for the smooth running of our institutions and business is not exempt from these laws. Likewise, the government can changes the laws and regulations concerning business from time to time. Therefore, to be on the good side of the law, ensure that you up to date with your government law. In my country, the regulation imposed by governments on businesses classified into four categories: employee relations, taxes, bureaucratic and international trade.
Haiti's openness to foreign investment is codified in its laws. Import and export policies are non-discriminatory and are not based upon nationality. There is no significant …show more content…

As a result, prospecting, exploring, or exploiting mineral and energy resources require concessions and permits from the Bureau of Mining and Energy, in the Ministry of Public
Works. Mining, prospecting, and operating permits may only be granted to firms and companies established and resident in Haiti (state.gov).
Haiti has made several commitments to the World Trade Organization (WTO) in relation to the financial services sector. These commitments include permitting foreign investment in financial services, such as retail, commercial, and investment banking, and consulting. Currently, there are two foreign banks operating in Haiti, Citibank of the United States and Scotia Bank of Canada.
An Investment Facilitation Center (CFI) was established in July 2007 to promote investment opportunities in Haiti. The CFI's major activities include: streamlining the investment process by simplifying the procedures related to trade and investment; providing updated economic and commercial information to local and foreign investors; and promoting investment in priority sectors. The Haitian government considers strategic investments in sectors that contribute substantially to reductions in the balance of payments deficit, increase economic growth,

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