Company Registration in Mozambique | Mozambique Company Registration | Doing Business in Mozambique
Overview on Doing Business in Mozambique | Company Registration in Mozambique | Mozambique Company Registration
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.
Reasons for the rise in Foreign Investments in Mozambique ( FDI in Mozambique)
- The Economy has a high Gross Domestic Product (GDP) growth rate, low inflation and a relatively stable currency
- It has vast mineral and hydrocarbon deposits attracting large amounts of Foreign Direct Investment (FDI)
- It is geographically well positioned to export to Asian markets
Mozambique is Majorly Imports Refined petroleum, Aluminum 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 Aluminum, 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 Company Registration in Mozambique and the following Key Company Set Up Services in Mozambique;
- Company registration in Mozambique – Click here to start on the process
- Government Licenses Processing
- Business Bank Account Opening
- HR Recruitment and Management
- Work Permit Processing
- Apartment/Office/Warehouse Sourcing.
Company Registration in Mozambique summary table | Mozambique Company Registration summary table | Overview on How to Register a Mozambique subsidiary | Overview on limited liability companies Sociedades
| Entity | Subsidiary Company | Branch Company |
|---|---|---|
| How Long does Company Registration in Mozambique 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 |
