By Manyuon Mayen Manyuon
Jonglei State Investment Commission has urged all investment companies operating in the state to register their firms.
Speaking to the reporters in Bor, the Chairperson of the Investment Commission of Jonglei State Achiek John Tiopich said on Monday that most business firms were operating illegally.
“There are only 350 companies that had registered with the commission out of the 970 companies operating in the state,” he said.
‘I am urging all of them to urgently come for registration. There is no reason for owning government land when you have not registered,” Mr. Tiopich added.
”If you have surrendered then you need to tell us officially as state government.”
He said the government would give out the land to other investors who want to invest and ready to cooperate with the government. “There are many investors who need land for investment but were hesitating to give them out. You have kept us hostage and at this juncture you must be serious,” Mr Tiopich said.
According to the Chairperson there were pending applications from serious investors and once those holding the land fail to register, the commission would sell out the land.
The investment commission had given give months for the registration and anybody who fails to register his firm would lose the land as it will be sold out.
He said that they investors were only given period of 90 days to settle all the grievances with the commission.
Mr. Tiopich blamed the local investors for under development in the state because they do not cooperate with the government.
”Most of you have contributed to our challenges. How can you own a land and you don’t pay taxes to the government? He asked.
According to the Law of Investment/Article number 28 if an investor fails to comply with the order then the Investment Authority will revoke the Investment Certificate.
“If an investor’s Investment Certificate is revoked they will not be in the investors list. The authority of the state can issue the land to anybody who is willing to pay,” he stated.
However, Mr Tiopich appealed to foreign investors to come to Jonglei State, adding that they were ready to give them maximum favourable conditions for business.