Our legislation does not provide for this. At present, as indicated in Article 3.3 above, foreign participation is restricted in some sectors of the national economy. Our legislation does not provide for this. Right to property is guaranteed as a constitutional right in accordance with Article 8, Section 13 of our Constitution. The Constitution establishes that a person may only be deprived of his right to property for justified cause of public utility or social interest, defined as putting the land to good use, gradual elimination of latifundia, and the promotion of agrarian reform.
Compensation is determined on the basis of judgments by the competent court.
As an exception, in case of public disaster, compensation shall not be paid in advance. There are different requirements in respect of the submission of documents depending on whether the investment is in foreign or national currency, tools, equipment, and so forth. Based on the country s exchange regime, they have access to the private market operated exclusively by commercial and multiple-service banks. Explain briefly the taxes that foreign investments are subject to. Remittance of profits from national companies are exempt from the tax on remittances.