Timor Leste

TradeInvest Timor-Leste

TradeInvest is a public institution whose mission is to make it easy for investors and exporters to do business (One stop shop that promotes, facilitates, monitors and advocates for private investments and exports) in the Democratic Republic of Timor-Leste. TradeInvest facilitates investors to obtain investment certificate and provides the exemptions incentives.

 Protocol

The protocol of cooperation signed between TradeInvest and Customs allows using Timor-Leste electronic Single window system (TileSW) for processing investment certificates and management of exemptions to ease investors business and facilitate the Customs clearance process. To qualify for exemption of duties and taxes in Timor, an Investment certificate should be issued by TradeInvest. A Master List is issued by TradeInvest to list the products authorised to be imported tax free in Timor-Leste for a certain period. It indicates the description of the goods, quantity, consignee, and country of origin. For the Customs Authority to authorise the importation exempted of duties and taxes reference to the master list is required on the customs declaration.

  • The number of transactions registered in TileSW as of June 2023: 
  • 15 Investment certificates
  • 25 Investment Master List 
  • 531 Declarations
sign

Signing of Technical Cooperation between TradeInvest Timor-Leste & Customs Authority On on 17 Sept, 2020

 Statistics

Live since 01/02/21 – Statistics up to 30th June 2023

  • 15 Investment Certificates / 25 Investment Master Lists

 Benefits

  • Reduction of Time - From 531 exemption letters processed by TradeInvest & Customs at Declaration level to only 22 Master Lists processed by TradeInvest
  • Reduction of movements / Reduction of CO2 emission - 91% reduction of physical trips by investors between Customs and TradeInvest (From 531 trips between TradeInvest and Customs to 25 to only TradeInvest)
  • Reduction of Paper use - 85% reduction of printed (From 531 printed exemption letters to only 25 printed Master Lists)
  • Reduction of Delay and Cost - Reduction demurrage cost with clearance as soon as goods arrived in Timor-Leste with certificate and master list now granted by TradeInvest up to 6 months before the arrival of the goods

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