Mozambique Has Been one of the ‘Fastest-Growing Economies’ in Africa an has outperformed both regional and Global Growth averages. Mozambique is rich with Oil & Gas Reserves and a Growing Tourism Sector that have been attracting a lot of Foreign Investments.
Over the years Mozambique has attracted Many multinational Companies including Barclays, AON, ERM, Diageo, Associated British Foods, Gemfields, Baobab and Aggreko.
Mozambique is Majorly Imports Refined petroleum, Aluminium Oxide, Chromium ore, Electricity, and Ferroalloys and the Major Import destinations Include China, India, South Africa, Portugal, France, Australia, United States, Argentina and Brazil.
Mozambique’s Major Exports Include Raw Aluminium, Coal Briquettes, Raw Tobacco, Rough Wood and Electricity and the Major Export Destinations include; Italy, Spain, Germany, China, India, United States, Brazil and Zimbabwe.
The Tax Regime in Mozambique is Quite Straight forward with the Tax rate for personal Income ranging from 10 to 32 %, Corporation Tax is at 32 % and Vat at 17 %.
For over 1 decade now, East Africa Business Consultants Has assisted many clients with the following Key Company Set Up Services in Mozambique;
|Entity||Subsidiary Company||Branch Company|
|How Long does the Company registration process Take?||10 Days||10 Days|
|How long Does it take to Open Bank Account?||5 Days||5 Days|
|After how Long can you Invoice and Hire||15 Days||15 Days|
|Minimum Number of Directors and Shareholders||2||–|
|Foreigner Can own the Company 100%||Yes||Yes|
|Can the entity hire expatriate staff||Yes||Yes|
|Tax Identification Registration required||Yes||Yes|
|Access to Mozambique double Tax treaties||Yes||Yes|
|Can bid for Government Contracts?||Yes||Yes|
|Can Secure Trade Finance?||Yes||Yes|
|Can Secure an Import and Export Licence?||Yes||Yes|
|Can Easily Convert into a PLC?||Yes||No|
|Can Secure Work permits for foreign Employees and Directors?||Yes||Yes|
|Multi Currency Bank Accounts Available?||Yes||Yes|