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Which industries are BANNED from business investment according to the latest Law?
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INDUSTRY PROHIBITED FROM BUSINESS INVESTMENT ACCORDING TO THE LATEST REGULATIONS
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According to the latest regulations of the Investment Law 2020 effective from January 1, 2021, the list of industries banned from business investment has been added as follows:
Pursuant to the provisions of Article 6. Prohibited business and investment sectors of the Investment Law 2020 are as follows:
- Trading in narcotics specified in Appendix I of this Law;
- Trading in chemicals and minerals specified in Appendix II of this Law;
- Trading in specimens of wild plants and animals originating from the wild as prescribed in Appendix I of the Convention on International Trade in Endangered Species of Wild Plants and Animals; Specimens of endangered, precious and rare species of forest plants, animals and aquatic animals in Group I originating from natural exploitation specified in Appendix III of this Law;
- Prostitution business;
- Buying and selling humans, tissues, corpses, body parts, human fetuses;
- Business activities related to human cloning;
- Business of firecrackers;
- Debt collection service business.
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