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Message: [QUOTE="Nehanda, post: 28225, member: 2262"] Foreign direct investment occurs when companies from other countries invest in Zimbabwean businesses for the long term. These investments help our economy grow faster, bring extra cash for national programs, and reduce poverty across the country. Better economic rules must come first if we want to reach the growth targets set by the United Nations. The Zimbabwe government created the Zimbabwe Investment and Development Agency on February 7, 2020, replacing the old Zimbabwe Investment Authority. ZIDA works to attract, protect, and facilitate foreign business investments. The agency exists because Zimbabwe needs more investment money to keep growing. A special "one-stop investment services center" simplifies business registration. Foreign companies can handle everything under one roof. This center includes desks from many departments, such as immigration, tax collection, environmental management, and banking. Business owners save time by avoiding running between different government offices. Foreign investors must follow all Zimbabwe laws and keep their promises. They must protect the environment and keep accurate financial records. Their products must meet both local and international standards. All investors should respect Zimbabwe's traditions and cultural heritage. The law expects them to maintain proper business practices. Companies can hire qualified foreigners as managers, technical experts, or advisors for their Zimbabwe operations. After paying the required taxes, investors can freely move money into and out of the country. This includes capital contributions, profits, dividends, royalties, and money from selling investments. Foreign workers legally employed through these investments can send their earnings home. Foreign direct investment creates jobs and helps Zimbabwe workers learn new skills. It connects our economy to global markets and brings modern technology. These investments often lead to better roads, power systems, and other infrastructure. The government hopes the new ZIDA law makes Zimbabwe more attractive to foreign businesses looking for investment opportunities. [/QUOTE]

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