Centurion Law Group has said that the impact report launched by its Tax and Investment Desk will help to measure the African Continental Free Trade Area’s focus in consolidating a market of 1.2 billion people, as well as combining a Gross Domestic Product of $2.5tn.
According to a statement distributed by APO Group on behalf of Centurion Law Group on Monday, the ‘AfCFTA Impact Report’ will provide critical business impact assessment, especially for multinational companies and investors conducting business in Africa under AfCFTA protocols.
“This will be a bespoke report for each entity and will be powered by Centurion’s fully integrated resource base of country-qualified and internationally mobile professionals in all the 54 countries in Africa,” it stated.
The group described the report as a guide to what businesses need to know about AfCFTA, which include impact on movement and provision of goods and services, and their respective taxation outcomes, business optimisation opportunities, Customs and immigration employment.
It would also help to assess trade and investment advantages, potential anti-trust and market access issues, potential environmental obligations, legal issues surrounding mergers and acquisitions and dispute resolution, Centurion Law Group stated.
“The guide will assist businesses and investors to identify the major opportunities provided by the AfCFTA, while also identifying the blind spots and shortcomings in terms of the business models to adopt.
“As an Africa-focused group, we will provide updates and new resources to help you keep ahead of the developments in AfCFTA. What we have launched here ensures that businesses take full advantage of the opportunities offered by AfCFTA and transact end-to-end in Africa (including in ultra-frontier markets), with absolute confidence and at the most competitive business cost,” the group added.
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