This chapter highlights the progress made by Mozambique in improving its investment framework, notably through: the 1993 Investment Law and its related 2009 Regulations. The Land Law 1997 and subsequent processes of land allocation and registration, as well as intellectual property and the judiciary, are likewise investigated from an investment perspective. Mozambique has also initiated several recent reforms, where effectiveness and implementation will need to be carefully evaluated – while it aims for increased liberalisation, the 2009 Foreign Exchange Law for instance introduces some additional constraints on foreign investors. More broadly, although there are few sectoral restrictions on foreign investment, the Investment Law is somewhat ambiguous in its provisions on national treatment; moreover, some indirect forms of discrimination against foreign investors are contained within public procurement and labour laws. In addition, the potential role of overarching bodies for investment policy design and dialogue, such as the Investment Council and the newly-established Land Consultative Forum, is also explored. This overview of the legal framework for investment highlights certain considerable weaknesses that continue to create barriers for investment in Mozambique.