FACT SHEET

Angola Angola is strategically situated on the Atlantic coast of West Africa, where it acts as an open entrance to

Southern and Central Africa by way of both road and railroad networks. The Angolan Government,

working through the National Private Investment Agency-ANIP, which is the only approved entity

accountable for its private investment policy (national and FDI), is thoroughly dedicated to protecting

every private investor wishing to invest in Angola. The currency is becoming powerful, day by day,

stimulating the consuming habit within the Angolan and foreign populations who live in the capital and in

the provinces. Angola is the second largest oil exporter in Africa and that country has achieved high

economic growth rates for all decade.

Company Incorporation in Angola

1. A limited liability company, located in the largest business city and is 100% domestically owned. The

corporate structure of an LLC features (i) the general assembly, representing all the shareholders;

and (ii) the management, which is accountable for the day- to-day organization affairs. The existence

of a supervisory body is optional

2. A representative office is established for the sole purpose of looking out for the interests of the

foreign firm it represents, following up on and offering assistance to that firm’s business operations in

Angola and it has no independent legal authority to do business in its own name

3. Branch offices are the most common form of representation for foreign firms in Angola, because they

allows foreign investors to do business in Angola on the same terms and under the same

circumstance as firms legally established in Angola

Licensing in Angola:

1. The Ministry of Trade, through the National Directorate of Trade, provides licenses for medium and

large business areas, import and export, representative trade and trade services provision of a

relevant size

2. Obtain the Commercial Operations license from the Ministry of Commerce

Accounting and Tax:

1. Companies and branches operating in Angola are subject to Industrial Tax on their profit at a rate of

35%

2. Companies are also subject to Investment Income Tax withholding, at a 10% rate on, Payment of

dividends to their shareholders and for the lease of technical and industrial equipment

3. Stamp Duties imposed on deeds, contracts, agreements, law proceeding, bills and notes, custom

clearance documents, letters and other documents. Stamp Duties rate for receipts is 1% of the gross

FACT SHEET Angola

value of each receipt.

4. Employees of the Angolan entity are subject to Personal Income Tax, up to 17% of progressive rate

Type: Limited Liability Company

Under Angolan law, foreigners can own 100%

Share Capital AOA 1,000

Shareholders Minimum Two

Memorandum and Articles of Association Yes

Can the entity hire expatriate staff in Angola Yes

Tax Registration Certificate Required Yes

Statutory audit required Yes

Timeframe for Incorporation: 5 to 6 months

Annual Return Must be filled

Annual Tax Must be filled

Access to Angola double tax treaties Yes

For more details, please contact bc@intuitconsultancy.com

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