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Mozambique

In this jurisdiction, we can help you create:

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Registering a company in Mozambique in 2020

The main advantages of jurisdiction are:

  • Stable economic growth;
  • Tax incentives;
  • There are no requirements for authorized capital;
  • No customs duties for export operations;
  • 100% foreign ownership;
  • High level of investment attractiveness; 
  • A relatively fast registration process.

Business registration – from €9,900

Company registration period – from 3 weeks

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Mozambique is an independent country located in Southern Africa on the coast of the Indian Ocean.

Those, who want to establish a company in Mozambique and open an account with a Mozambique bank must know the following:

  • The neighboring countries are: South Africa, Malawi, Zimbabwe, Tanzania, Zambia and Eswatini;
  • The official language is Portuguese;
  • The country is a member of ACP, OIC, AU, SADC, NAM and others;
  • Mozambican metical (MZN) is the official currency.

For more information about the country, you can ask for qualified advice on company registration procedure in Mozambique from IQD Consulting experts.

Popular business types

In order to start a business in Mozambique, you can choose one of the following promising solutions:

  • To set up a mining company in Mozambique. The country is the third largest gas exporter in Africa. Also, there are deposits of diamonds and other precious stones, as well as gold and copper, hard coal, minerals (gabbro, granite and marble), industrial minerals (bauxite, beryllium, corundum, mica, graphite), tin, rare earth metals (Davidite), niobium and tantalum.
  • To register a tourism company in Mozambique;
  • To set up a Mozambique agricultural company (cotton, cashew, sugarcane, tea, cassava, corn, coconuts, sisal, citrus and tropical fruits, potatoes, sunflowers);
  • To register an export company in Mozambique (gas, oil, timber, food products, textiles);
  • To open a Mozambique fishing company (tuna and shrimp).

Mozambique has an economically significant Indian diaspora, therefore relations with India are of great importance, friendly relations with Brazil (due to linguistic and cultural similarities) and China, which is actively investing in the infrastructure and mineral resources of Mozambique.

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If you want to learn more about business advantages of this jurisdiction, you can receive individual advice on company registration process in Mozambique from IQD Consulting specialists.

Legal forms & tax treatment

Those, who are intended to set up a company in Mozambique and open an account for a company in Mozambique, must consider the following legal forms:

  • LLC (LDA);
  • PLC (SA);
  • Branch;
  • RO.

Legal form

Corporate tax

VAT

WHT

Share capital

LLC

32%

17%

20% on dividends, interest payments, royalties and capital gains on shares

1 USD

PLC

32%

17%

1 USD

Branch

32%

17%

-

RO

0%

-

1 USD

Most businessmen decide to register a LLC in Mozambique. There is a tax credit of up to 5 years for companies promoting innovation technologies.

How to establish your own business in Mozambique

In order to open a company in Mozambique, you will need two directors and shareholders of any nationality. Also, you can set up a Mozambique company remotely and open a bank account remotely. Our specialists recommend that you consider the following banks:

  • Barclays;
  • BancABC;
  • Standard Bank;
  • First national bank.

Terms of registration: 5 weeks.

For more information, please request for personal advice on business organization process in Mozambique. Also, IQD Consulting lawyers will provide you with legal support services in opening a Mozambique corporate bank account.

  • The information outlined in the article is actual at the time of its publication.
  • Please refer to our specialists for checking possible solutions for your business.
  • Still have any questions?

    Fill out the form or contact us as you find convenient. Our experts will help you resolve the issue.

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