On 11 December 2019, Algeria's President signed into law the Finance Act for 2020, including measures to promote productive investment. As previously reported, this includes: the introduction of tax incentives for start-ups operating in the field of innovation and new technologies, including profit tax and value added tax exemptions during the launch and development phase; the creation of four types of national economic zones which will serve as start-up incubators and provide financial and tax incentives for other areas of investment; and the repeal of the 51%/49% rule for foreign investment in Algeria, particularly for non-strategic sectors. In addition to...