The legal Certainty provided by the country is supported by the Nation’s Political Constitution, where private property, national and foreign private investment is guaranteed, but also state property and communal collective property are guaranteed. As mentioned in article 306 paragraph II of the Political Constitution "The plural economy is constituted by different forms of economic organizations, such as state, private and social cooperative entities." In the same way, article 308 establishes that the" State recognizes, respects and protects private initiative, so that it contributes to economic and social development and strengthens the economic independence of the country" and “the freedom of business and the full exercise of business activities are also guaranteed” In this sense, the National Government assumes its responsibility with its role in foreign investment in Bolivia.
The Investment Promotion Law aims to become an effective tool for attracting investment in the country. This law recognizes the principle of legal certainty, establishing the legal relations between the State and the investors. In the old context, when the nationalizations that were socially and economically justified, HAVE CONCLUDED, and the state model has been consolidated, three fundamental laws have been approved in the country for the benefit and development of even greater domestic and foreign investment in the country: