Angola has experienced significant economic growth in the past few years, especially since it was able to produce oil. But this does not mean that there are no economic opportunities for other subjects in this country. The country’s economic opportunities range from agriculture to production. Business opportunities are abundant in Angola, and one of the biggest advantages of doing business there is the country’s abundant natural resources. Valuable natural resources from diamonds to oil, natural gas, iron ore, copper, tin, phosphate, limestone and salt. In fact, about 25% of Angola’s gross domestic product comes from these sources. Angola is a vast country with a long coastline that stretches across South Africa into the borders of Namibia, Botswana, Zambia and the Democratic Republic of Congo. Its main cities, including its capital, are Luanda and their population was more than 33.08 million people (2022).
Reasons for company registration in Angola
In general, Angola does not impose any restrictions on foreigners wishing to invest in the country. However, it should be noted that in order to set up companies with topics such as telecommunications, fisheries, diamond mining, the majority of the shareholders are Angolan. To register a company in Angola, the company’s documents must be registered by a notary public, and all the documents must be checked and sent to the relevant authorities for approval and completion so as not to create any obstacles in the registration process. The company and employees in social security must register, download and complete the required forms
Foreign companies operating in Angola can operate as a branch (sucursal) without the need to merge. Branches are the most common form of representation of a company registered under foreign law in Angola. Because it allows the foreign investor to do business in Angola under the same conditions as a local subsidiary. The representative office is not an independent legal entity and therefore cannot carry out direct business or income-generating activities. It is considered as a form of local agency without legal capacity to carry out commercial actions, which aims to take care of the interests of the main company. It is very suitable by accompanying and helping the business that is done in Angola. In this way, it is not the most suitable form if the foreign investor wants to carry out a regular economic activity in Angola or have a large investment. Another arrangement that may be considered is the use of a consortium agreement, which is very widespread in the construction and oil and gas industries.
Tourist immigration to Angola
Educational immigration to Angola
Working immigration to Angola
Short-term immigration to Angola
Transit immigration to Angola
Regular immigration to Angola
Immigration residence in Angola
Premium immigration to Angola
When starting a company in Angola you have the following options:
Angola’s economic fortunes are tied to global oil demand, which has fueled volatile growth. Reforms over the past five years have improved macroeconomic management and public sector governance. Macroeconomic stability has been enhanced through a more flexible exchange rate regime, central bank independence, sound monetary policy, and financial integration. Despite vast resources of oil and gas, diamonds, hydroelectric potential, and rich agricultural land, many Angolans remain poor, with a third of the population relying on subsistence agriculture. Since 2002, when the 27-year civil war ended, government policy has prioritized changing and improving infrastructure and strengthening political and social institutions. During the first decade of the 21st century, Angola’s economy was one of the fastest growing in the world, with average annual GDP growth of 11.1% from 2001 to 2010. High international oil prices and increased oil production contributed to strong economic growth. Although at that time it was accompanied by high inequality and the country is still heavily dependent on the oil sector, which in 2017 accounted for more than 90% of exports by value and 64% of government revenue.
Since the beginning of European rule in the 16th century, the Angolan economy has been dominated by the production of raw materials and the use of cheap labor. The main export of this country at that time was beeswax and ivory. Before the First World War, coffee, palm kernels and oil, cattle, leather and skins, and salted fish were added to the country’s exports. Small amounts of gold and cotton were also produced in Angola, grains and sugar were also produced for domestic consumption. The main imports of this country were food, clothing and cotton yarn, hardware and British coal. Angola used to be one of Africa’s major food exporters, but now imports almost all of its food. Although coffee production is a fraction of pre-1975 levels, it is produced for domestic needs and a small amount is exported.
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