16 May 2018 Equatorial Guinea modifies and clarifies law on admission of EG nationals in the capital of foreign companies Decree n°72 (the Decree), dated April 18, was published in Equatorial Guinea's (EG's) Official Bulletin on April 20. The Decree modifies Decree 127/2004 and clarifies the participation of EG nationals in the Oil and Gas (O&G) sector. Prior to the Decree, foreign companies were required to have EG national participation in the share capital of their companies. Under the new decree, local participation is only required for the O&G sector. Document ID: 2018-1021 |
