Company registration in Angola

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.

Ways to immigrate to Angola

Tourist immigration to Angola

Educational immigration to Angola

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Short-term immigration to Angola

Transit immigration to Angola

Regular immigration to Angola

Immigration residence in Angola

Premium immigration to Angola

Company registration in Angola by the Iran and Africa Business Club

Company registration procedures in Angola

Selecting, reviewing and approving a brand for a future company.
Gathering details about the founders and board of directors, stakeholders and company officials.
Arranging a registered business office in the future for a company.
Drafting legal documents and registration forms for a future company.
Submitting the required set of registration documents to the registry office.
Registration for tax and social security.
Obtaining special permits and licenses (necessary only for certain types of regulated activities)

Types of companies in Angola

When starting a company in Angola you have the following options:
1. Limited Liability Company – is a corporate entity that can be formed by two people with at least a share equal to the invested amount. Foreign investors must contribute at least $1,000 to form the legal capital of this entity. Certain restrictions apply to the transfer of shares.
2. Joint Stock Company – A business entity that may be established by five persons whose minimum liability is limited to the amounts invested. This business entity can freely offer its shares to the public. Also, it is necessary to have a minimum authorized capital of $20,000, 30% of which must be paid at the time of the company’s establishment. Three managers are necessary to manage this institution.
3. Partnership – a type of business in which the liability of all partners is unlimited. Their personal property may also be called upon to cover possible losses arising from doing joint business.
4. Partnership – A form of doing business that may be carried out by
  - General partners whose responsibility for the results of the partnership’s operations is not limited in any way and
  - Limited liability partners (at least 5 people) whose liability is limited only to the amounts invested.
5. Branch – a suitable option for starting business operations by a foreign company. The non-resident company must specify the range of economic activities that its branch carries out in Angola. It is also necessary to select the local management and open a bank account for the branch.
6. Representative office – an option suitable only for arranging promotional and market research activities in Angola. This business organization is not authorized to conduct business in Angola.

Economy in Angola

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.

Benefits of registering a company in Angola

Angola has long been one of the world’s energy players, with oil and gas making up its main export share.
As predicted by the International Energy Agency, Angola is expected to continue on its way to becoming the largest oil producer in southern Africa.
Angola benefits from vast energy and water resources, plus a favorable climate for multiple harvests. And it has natural advantages that have led to the development of many companies in the field of traditional and renewable energy, innovative agriculture and a new type of tourism for millions of people.
There are many rivers in Angola, these rivers also help promote agriculture and tourism.
Angola is the third largest market in sub-Saharan Africa and one of the fastest growing economies.
Angola is rich in mineral resources
Angola is the third largest market in sub-Saharan Africa.
Angola is the second largest exporter of oil in Africa. This country has achieved high economic growth in the last decade. In connection with the latest changes in domestic laws, approved in 2015, foreign entrepreneurs can register a company in Angola and open an account in an Angolan bank with more favorable conditions.

In conclusion

For more information, you can contact the legal unit of the Iran and Africa Business Club every day and consult with our experienced lawyers. You can also fill out our legal advice request form, and through that our advisors will check all your conditions and contact you and inform you the necessary solutions.

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Additional country information

Equatorial Guinea is a land of economic opportunities / How to register a company in the oil country of Equatorial Guinea / what business is required in this country

2023-08-01

Company registration in Angola

Company registration in Angola

Ways to immigrate to Angola

Company registration in Angola by the Iran and Africa Business Club

Company registration procedures in Angola

Types of companies in Angola

Economy in Angola

Benefits of registering a company in Angola

In conclusion

Legal advice request form

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