Tunisia, A Rising Investment Destination

The international financial stage is seeing a fundamental change in financial data and a major shift in existing economic blocs, together with the emergence of new economic blocs and the potential disintegration of major economic powers and even major economic unions such as the European Union are not immune to financial collapse.

In light of these changes, the January 2011 revolution in Tunisia and the neighbouring conflicts in Iraq, Syria and Libya, there has been a radical change of economic policy of the Tunisian state. The impact of previous detrimental factors has negatively affected the economic capacity of the Tunisia creating a knock-on effect of a large number of smuggling operations and the doubling of tax evasion not forgetting the decline in the value of the Tunisian dinar compared to the euro and the dollar.

Faced with the impact on the Tunisian economy it now becomes imperative to re-build trust and confidence in Tunisia and reverse the adverse perception to kick-start an economic revival. The relationship between the ethical and material elements has emerged at various levels, however, what brings all these levels together is the legal legislative dimension whereby legislative intervention can be used to re-launch Tunisia as an important investment destination.

The steps taken focussed on improving the Tunisian Constitution, following the 2011 revolution, a new constitution was created in 2014 through the democratically elected parliament and was particularly drafted to demonstrate Tunisia's desire to appear as a country wishing to be seen as an active contributor to the international economic activity. It emphasises the objective of driving out the fraud and tax evasion - Article 10 "The State shall establish mechanisms to ensure the extraction of tax and the resistance to evasion and criminal fraud.

The State shall ensure the proper conduct of public funds and shall take the necessary measures to discharge it in accordance with the priorities of the national economy and shall endeavor to prevent corruption...