Yemeni law on agencies and branch offices of foreign companies

Article Abstract:

Yemen's Law Concerning Organization of Agencies and Branches of Foreign Companies and Firms went into effect on Apr 3, 1992. People or companies wishing to act as agents in Yemen, or wishing to set up branch offices there, must be licensed by the Ministry of Supply and Commerce. Branch offices may only be established for activity in a set number of industries such as banking. Applications for a branch office must include several documents including certified copies of the foreign firm's certificate of incorporation.

Laws, regulations and rules, Foreign corporations, Commercial agents

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IMF approves over $500 million to help ongoing Yemeni reforms

Article Abstract:

The International Monetary Fund (IMF) disclosed on Oct 31, 1997 that it has authorized a loan and credit package amounting to roughly $512 million to sustain Yemen's economic program for 1997-2000. The country's reforms include the enforcement of a prompt and comprehensive privatization program and efforts to boost competition. International monetary support for Yemen's medium-term 1997-2000 reform plans is critical in light of Yemen's huge external financing gaps over this duration, said an IMF spokesperson.

International Affairs, Economic Programs, Administration of Economic Programs, Finance, taxation, & monetary policy, Intnl Monetary Fund, International Monetary Fund, Finance, Powers and duties

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Low oil prices, Asian crisis slow - but do not defeat - Yemeni economic relations

Article Abstract:

The Yemeni authorities have tried to encourage foreign investment as part of their plans to reform the economy. The establishment of a free zone and the extension of port facilities at Aden have also helped to improve the economy.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Yemen, Analysis, Economic history

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