The Ministry of Planning and Investment Strategy is the central Government body responsible for the design, execution, coordination and evaluation of policy for the areas of promotion of economic and social development of the country.
As the Minister of Planning and Strategic Investment, Kay Rala Xanana Gusmão supervises the National Procurement Commission (CNA), the National Development Agency (NDA), the Secretariat of Major Projects and the Mission Unit for Integrated Regional Development (TIA).
Since 2011, the Strategic Development Plan 2011–2030 (PDF download, 6.8MB) has been guiding Timor-Leste’s transformation into a fair, prosperous and self-sufficient nation, with the aim of building a modern and diversified economy lead by a healthy, educated, secure and medium-high income-earning population by 2030.
To establish itself as a preferred destination for foreign investment, Timor-Leste has created one of the most attractive tax systems for business in the world. As a corporate income tax rate of 10%, it is the lowest in Southeast Asia. Read more about tax.
Timor-Leste is a full-fledged member of the Community of Portuguese Speaking Countries, enabling access to a market of more than 250 million consumers across three continents, of which more than 50 million are upper-middle income.
ASEAN (Association of Southeast Asian Nations): Timor-Leste applied for accession to ASEAN in 2011, with ongoing investments and reforms paving the way for a closer integration in the coming years.
WTO (World Trade Organization): In April 2015, Timor-Leste has applied for membership of the WTO.
To aid international investment, Timor-Leste has developed a robust and transparent investment process.
Central to Timor-Leste achieving its economic transformation is TradeInvest Timor-Leste, the country's official Investment and Export Promotion Agency. Its goal is to facilitate and support potential investors and to assist foreign companies identify emerging business opportunities in Timor-Leste.
Contact TradeInvest Timor-Leste
Executive Director, Eng. Arcanjo da Silva
Rua 25 de Abril, n.º 8
Colmera, Vera Cruz
Tel. +670 331 1105
(including the Ministry of Planning and Investment Strategy)
The Ministry of Finance is the Government body responsible for implementing policies in the areas budget and finance.
Contact Ministry of Finance
Minister of Finance, H.E. Santina Jose Rodrigues Fereirra Viegas Cardoso
Building #5, Palaco do Governo,
Tel. +670 333 9646
Contact the office of Kay Rala Xanana Gusmão, Minister for Planning and Investment Strategy
The Government of Timor-Leste continues to support on training of Timorese in Geology, Chemical and petroleum Engineering, Petroleum Finance and Project Management, through, among others, training of public servants, secondment of staff from international oil and gas companies, scholarship at reputable international higher education institution, and construction of a polytechnic training center for oil and gas operation in Suai.
After centuries of colonial rule and a quarter-century of occupation, Timor-Leste is now a proudly independent nation. But the struggle for sovereignty continues. Since the restoration of independence in 2002, Timor-Leste's maritime boundaries with its neighbours have remained undefined.
Delimiting Timor-Leste's permanent maritime boundaries is a national priority. Timor-Leste seeks nothing more than what it is entitled to under international law.
Timor-Leste seeks permanent maritime boundaries with its neighbours, Indonesia and Australia. Timor-Leste and Indonesia have commenced talks on permanent maritime boundaries pursuant to international law, in particular United Nations Convention on the Law of the Sea (UNCLOS).
The primary focus areas for the agriculture and fisheries sector of the Timor-Leste economy are: Coffee, Sandalwood, Cashew, Cocoa, Candlenut, Nutmeg, Coconut, Vanilla, Clove, Cinnamon, Cassava, Corn, Mangoes, Horticulture (Fruits, Vegetable, Tomatoes, Potatoes, etc), Fisheries, Aquaculture, Livestock and Agro forestry.
Timor-Leste is an exciting new tourism destination and now is the perfect time to visit.
After a recent turbulent past, this tiny nation has become a peaceful democracy and the Timorese people are justly proud of both gaining independence as a country and their cultural heritage, which is a fascinating blend of traditional Timorese, Portuguese, Chinese, and Indonesian influences.
Timor-Leste has kilometre after kilometre of pristine coral reefs, offering some of the least explored dive sites within the famous Coral Triangle. There are several diving companies running scuba safaris to sites in Dili, Atauro Island, Manatuto District, Tutuala and Jaco Island. These reefs are home to a vast diversity of marine creatures, from turtles to whales sharks and dazzling shoals of colourful tropical fish.
The most suitable time for hiking in Timor-Leste is during the dry season, which runs from March to November. Whether you are in the Matebean or Ramelau mountains (2,986 metres above sea level), Oecussi enclave or on Atauro Island you will need to hire a guide and buy accommodation and food. This greatly assists in rebuilding the local economy. Local guides know the language, terrain and hazards, and will share some of their culture and local stories with you.
Timor-Leste has a strong, unique cultural heritage reflecting many influences: traditional beliefs inherited from ancient times; being a former Portuguese colony; the impact of WW2, the more recent Indonesian invasion and Timorese resistance; the role of the Catholic Church; and the influence of other groups such us the Chinese traders.
The Timorese community will welcome you to their country and all it has to offer.
The government has identified key areas for investment in industry and manufacturing. These include:
In addition, there is potential for the development of processing industries, particularly:
Focus is on the expansion, improvement and maintenance of the national (urban and rural) road system and of about 450 bridges, in accordance with international standards; Implementation of a traffic flow improvement and road safety program.
Establishment of a regulatory body for the management of drinking water resources and of water and basic sanitation.
Introduction of means of revenue collection, operating costs reduction and service improvement.
Implementation of renewable energies, particularly solar and wind e.g. solar power station in Hera, wind farms in Lariguto and Bobonaro for connection to the national grid).