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Registering a company in Angola in 2020
A jurisdiction is characterized by such advantages:
- One of the fastest growing countries in West Africa;
- Strengthening economic ties with other countries;
- There are no requirements for the residency of company owners;
- A flexible tax system.
Support in company registration isfrom 3 800 €
Approximate terms of company registration from 196 days
Angola is an independent country located in Southern Africa. Angola is Africa's second largest oil exporter. This country has achieved high economic growth over the past decade. In connection with the latest changes in the domestic law, adopted in 2015, foreign entrepreneurs can register a company in Angola and open an account with an Angolan bank on more favorable conditions.
It is important to note that Angola has signed an agreement with Great Britain called The High Level Prosperity Partnerships, which aims to strengthen economic cooperation between the UK and Angola.
To learn more, you can request for individual advice on company registration procedure in Angola from IQD Consulting experts.
Those, who want to conduct business in this jurisdiction can choose the following business entity types:
- To register a LDA in Angola (LLC);
- To set up a SA in Angola (PLC);
- To open a representative office.
In addition, you can set up a branch in Angola. According to the laws of the country, by choosing this legal form entrepreneurs can conduct business within the Angola.
Also, you have an opportunity to open a subsidiary and open an IBC in Angola.
Setting up an Angola company can be a good decision for entrepreneurs interested in developing their business at international level in a well-developed country. Angolan government have a positive attitude to the foreign investors, so registering a non-resident company in Angola is welcomed.
To learn more, you can ask for qualified advice on business organization process in Angola and legal assistance in opening an account for a Angola company from IQD Consulting specialists.
If you interested in setting up a company in Angola without personal visit and opening an Angolan bank account, then we recommend that you consider the tax regime of the country:
- The corporate tax rate in Angola is 30%;
- Dividends paid by registered companies in Angola are taxed at a rate of 10%;
- A tax exemption may apply if dividends are paid to a shareholder owning at least 25% of the company;
- Capital gains tax for registered LLCs is 15%.
In order to register a LLC in Angola you will need the share capital of 1 000 USD. If you want to set up a PLC in Angola, the share capital must be at least 20 000 USD.
Also, if you are planning to open an Angola company remotely, you will fulfill the following conditions:
- Approval of the company name in the company register;
- Obtaining a tax number;
- Appointment of at least 2 directors and shareholders.
In addition, if you want to register a business in Angola, you need to submit a package of documents to the Angolan Private Investment Agency (ANIP).
If you decide to start a business in this jurisdiction, you can ask for personal advice on company registration process in Angola from IQD Consulting lawyers.
Also, our specialists will provide you with legal support services in physical office registration in Angola and opening a corporate account with Angolan bank.