Investment Law 2014 – Security deposit for implementation of investment projects

Under the Investment Law 2014, the investors of an investment project whose land is leased, allocated or adjusted by the Government must make a security deposit to ensure that the project will be implemented in accordance with registered investment schedule. The amount of deposit is from 1% to 3% of the total investment capital. It is certain that the security deposit requirement will apply to investment projects licensed on or after 1 July 2015. However, it is not certain if this requirement will apply to investment projects licensed before 1 July 2015 since there is no security deposit requirement under the Investment Law 2005.