Published
Sep 4, 2023
Updates:
Dec 3, 2024
Angola
Price:
Delivery:
Legal forms:
Payment methods:
30 days
Inc., LLC., Ltd.
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Angola
$
3000
.png)
Registrar
Abbreviation
Phone
Ministry of Foreign Affairs and Foreign Trade
MoFA
(501) 880-2322
Location
Capital
Official languages
Population
Currency
ISO 4217
Luanda
Angola
Portuguese
36,684,202
AOA
Kwanza
Delivery
-
Certificate of incorporation
-
Articles of association
-
Meeting minutes
-
Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Angola
Q: What types of companies can be formed in Angola?
A: Companies in Angola can take the form of a private limited company (LDA), a public limited company (SA), or a branch of a foreign company.
Q: What are the requirements to form a company in Angola?
A: To form a company in Angola, you must have at least two shareholders and a minimum share capital of 1,000,000 AOA for an LDA and 10,000,000 AOA for an SA. You will also need to register your company with the National Commercial Registry.
Q: How long does it take to register a company in Angola?
A: The registration process can take up to 30 days, depending on the completeness of the required documentation.
Q: What are the documents required to register a company in Angola?
A: The specific documents required depend on the type of company being formed, but generally include articles of association, a memorandum of association, and a tax identification number.
Q: Can foreigners own a company in Angola?
A: Yes, foreigners can own a company in Angola, but they must comply with certain regulations and obtain the necessary permits and approvals from the government.
Q: What are the tax implications of forming a company in Angola?
A: Angola has a corporate income tax rate of 30%. However, companies may be subject to taxes in other jurisdictions where they do business.
Q: What are the ongoing compliance requirements for a company in Angola?
A: The specific compliance requirements depend on the type of company, but generally include filing annual financial statements and tax returns with the government.
Q: Can I use my Angolan company to do business outside of Angola?
A: Yes, you can use your Angolan company to conduct business anywhere in the world, as long as you comply with the relevant laws and regulations in those jurisdictions. However, you may need to obtain additional licenses and permits to operate in certain countries.
"Angola has seen a steady improvement in its economy over the past few years. According to the World Bank, the country’s GDP grew by an estimated 3.7% in 2019, up from 2.8% in 2018. This growth was driven by increased oil production and higher oil prices. The country’s oil production increased by 8.3% in 2019, while oil prices rose by an average of 8.2%.
The country’s inflation rate has also been on the decline, dropping from an estimated 24.3% in 2018 to an estimated 17.2% in 2019. This has been attributed to the government’s efforts to reduce the budget deficit and improve fiscal discipline.
The country’s unemployment rate has also been on the decline, dropping from an estimated 20.2% in 2018 to an estimated 17.7% in 2019. This has been attributed to the government’s efforts to create more jobs and reduce poverty.
Overall, Angola’s economy has seen a steady improvement over the past few years, with increased oil production and higher oil prices driving growth. The government’s efforts to reduce the budget deficit and improve fiscal discipline have also helped to reduce inflation and unemployment."
In Angola, both individuals and companies are subject to taxation. Here is an overview of the tax system in Angola:
Corporate taxation:
- The corporate income tax rate in Angola is 30% for resident companies and 50% for non-resident companies.
- Resident companies are those with a registered office in Angola or that have their management and control in Angola.
- Companies are required to file their tax returns annually by the end of March of the following year.
- The tax year in Angola runs from January 1st to December 31st.
- Companies must pay their taxes in two installments, with the first installment due by the end of June and the second installment due by the end of November.
Personal taxation:
- Individuals in Angola are subject to personal income tax on their worldwide income.
- The personal income tax rate ranges from 0% to 17%, depending on the amount of income earned.
- The tax year in Angola runs from January 1st to December 31st.
- Individuals are required to file their tax returns annually by the end of March of the following year.
- Taxes are paid in two installments, with the first installment due by the end of June and the second installment due by the end of November.
Other taxes:
- There is a value-added tax (VAT) in Angola, with a standard rate of 14%.
- There are also taxes on certain activities, such as real estate transactions and property transfer.
It is important to note that Angola's tax system is subject to change, and individuals and companies should seek professional advice to ensure compliance with current tax requirements. Additionally, there may be penalties for late or incorrect filing of tax returns and payments, so it is important to adhere to the tax calendar and deadlines.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
<txtStatus>
<txtSaving>
Please complete the form with attention to detail. Once submitted, our team will review the information. Following this, you will receive a confirmation and an invoice via email.