Official Name:  The Republic of Angola 

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Angola 

 

Angola, a country located in Southern Africa, possesses a fascinating history, vibrant culture, diverse economy, and complex political landscape. From ancient civilizations to colonial rule and a subsequent struggle for independence, Angola’s history has shaped its identity and influenced its present-day dynamics.

The history of Angola dates back thousands of years, with evidence of human habitation in the region since the Paleolithic era. Various Bantu-speaking tribes, such as the Ovimbundu, Mbundu, and Bakongo, have inhabited the area for centuries, each contributing to the cultural tapestry of the nation. European contact began in the late 15th century, with Portuguese explorers arriving on the Angolan coast. Angola eventually became a Portuguese colony in the 16th century and remained under colonial rule for nearly five centuries.

The period of Portuguese colonialism had a profound impact on Angola’s history. It witnessed the brutal exploitation of the indigenous population, forced labor, and the establishment of large-scale plantations. However, resistance movements emerged over time, such as the armed struggle led by the Popular Movement for the Liberation of Angola (MPLA), the National Front for the Liberation of Angola (FNLA), and the National Union for the Total Independence of Angola (UNITA).

Angola gained independence from Portugal on November 11, 1975, but its path to stability was marred by a devastating civil war that lasted for nearly three decades. The conflict, fueled by political rivalries and Cold War dynamics, pitted the MPLA against UNITA, with both factions receiving support from international actors. The war resulted in widespread destruction, displacement, and loss of life, significantly impacting Angola’s social fabric and infrastructure.

Angola’s culture is a rich blend of its indigenous roots, Portuguese influence, and diverse ethnic traditions. The country’s vibrant music, particularly semba, kizomba, and kuduro, has gained international recognition. Traditional Angolan dance forms, such as the captivating semba and rebita, are celebrated expressions of cultural heritage. Additionally, Angolan cuisine showcases a fusion of African and Portuguese flavors, with dishes like funge (a cornmeal porridge), muamba de galinha (chicken stew), and calulu (fish stew) being popular.

The Angolan economy is heavily dependent on natural resources, particularly oil and diamonds. Oil production contributes a significant portion to the country’s GDP and export earnings. However, Angola has been working to diversify its economy by promoting sectors such as agriculture, manufacturing, tourism, and renewable energy. The country possesses vast agricultural potential, with fertile soils for cultivating crops like coffee, cocoa, cotton, and maize. Furthermore, Angola’s stunning landscapes, wildlife reserves, and cultural heritage sites offer promising opportunities for tourism development.

Politically, Angola is a presidential republic with a multi-party system. The MPLA, which emerged as the dominant political party after independence, has held power since 1975. In recent years, Angola has experienced political reforms, including the 2017 presidential election that marked a transition of power from José Eduardo dos Santos to João Lourenço. The government has been focusing on anti-corruption measures, economic diversification, and improving governance to foster stability and attract foreign investment.

Angola’s journey has been marked by challenges, but it continues to make progress in its quest for development and inclusive governance. The country’s history, culture, economy, and politics converge to shape its future trajectory. Angola’s rich cultural heritage, vast natural resources, and resilient population form the foundation for its aspirations to build a prosperous and inclusive nation

 

Types of Companies in Angola

 

Sociedade Anónima (SA):

• • This is a public limited company and is denoted by “SA” at the end of the company name.
  • Minimum capital requirement: 1,000,000 AOA (Angolan Kwanza).
  • Shareholders’ liability is limited to the amount of their capital contribution.
  • It must have at least five shareholders.

Sociedade por Quotas (LDA):

• • This is a private limited liability company and is denoted by “LDA” at the end of the company name.
  • Minimum capital requirement: No specific requirement, but sufficient capital must be contributed to cover the company’s activities.
  • Shareholders’ liability is limited to the amount of their capital contribution.
  • It must have at least one shareholder.

Sociedade em Nome Coletivo (SNC):

• • This is a general partnership where all partners have unlimited liability for the company’s debts.
  • It is suitable for small businesses with a few partners.
  • It must have at least two partners.

Sociedade em Comandita (SC):

• • This is a limited partnership that consists of two types of partners: general partners with unlimited liability and limited partners with liability limited to their capital contribution.
  • General partners manage the company, while limited partners provide capital.
  • It must have at least one general partner and one limited partner.

Sucursal (Branch):

• • A branch is an extension of a foreign company in Angola.
  • It is not considered a separate legal entity from the parent company.
  • The parent company bears full liability for the branch’s obligations and activities.

Empresa Individual de Responsabilidade Limitada (EIRL):

• • This is a sole proprietorship where an individual entrepreneur carries out business activities.
  • The individual’s liability is limited to the business assets.

“Our team can provide assistance if you need help registering a company in Angola.”

 

Common Questions

 

What are the different types of companies in Angola?

There are several types of companies in Angola, including:

What is a Sociedade Anónima (SA)?

A Sociedade Anónima (SA) is a public limited liability company. It is suitable for large businesses and requires a minimum share capital of AOA 1,000,000.

What is a Sociedade de Responsabilidade Limitada (SRL)?

A Sociedade de Responsabilidade Limitada (SRL) is a limited liability company. It is suitable for small to medium-sized businesses and requires a minimum share capital of AOA 1.

Can a foreigner establish a company in Angola?

Yes, foreigners can establish a company in Angola. However, they may be subject to certain restrictions or requirements depending on the sector.

What is a Sociedade por Quotas (SQ)?

A Sociedade por Quotas (SQ) is a partnership limited by shares. It combines elements of both a limited liability company and a partnership.

How long does it take to register a company in Angola?

The registration process can vary, but it typically takes between 30 to 45 days to register a company in Angola.

What is a Microempresa (Microenterprise)?

A Microempresa is a small-scale business with a limited number of employees and relatively low revenue.

Are there any special requirements for foreign-owned companies in Angola?

Foreign-owned companies may be subject to specific requirements, such as obtaining approval from the Angolan Investment and Export Promotion Agency (APIEX).

What is a Cooperative?

A Cooperative is an autonomous association of individuals or businesses who join together to achieve common economic, social, or cultural goals.

What is a Sucursal (Branch)?

A Sucursal is a branch office of a company registered in a foreign country.

Can a company be owned entirely by foreigners?

Yes, it is possible for a company in Angola to be fully owned by foreigners, but certain sectors may have restrictions on foreign ownership.

What is a Joint Venture?

A Joint Venture is a business arrangement where two or more parties come together to form a new entity for a specific project or purpose.

What is a Sociedade em Nome Coletivo (SNC)?

A Sociedade em Nome Coletivo (SNC) is a general partnership where all partners have unlimited liability for the company’s debts.

Are there any tax incentives available for companies in Angola?

Yes, Angola offers various tax incentives to promote investment in certain sectors, such as agriculture, tourism, and manufacturing.

What is a Sociedade em Comandita (SC)?

A Sociedade em Comandita (SC) is a limited partnership consisting of two types of partners: general partners with unlimited liability and limited partners with liability limited to their capital contributions.

Can a company have multiple business activities in Angola?

Yes, a company in Angola can engage in multiple business activities, as long as they comply with the relevant regulations and obtain the necessary licenses.

What is a Holding Company?

A Holding Company is a company that owns the securities of other companies, usually with the purpose of controlling or influencing their management and policies.

Are there any specific regulations for companies in the oil and gas sector?

Yes, the oil and gas sector in Angola has specific regulations and requirements, including the need for partnerships with the national oil company, Sonangol.

What is a Sociedade Cooperativa (Cooperative Society)?

A Sociedade Cooperativa is a type of cooperative where members join together for economic, social, or cultural activities, with democratic control and shared benefits.

Can a company change its legal structure in Angola?

Yes, a company can change its legal structure in Angola, subject to the necessary legal procedures and approvals.

What is a Sociedade por Ações Simplificada (SAS)?

A Sociedade por Ações Simplificada (SAS) is a simplified joint-stock company. It combines elements of a limited liability company and a Sociedade Anónima (SA).

Are there any special requirements for companies in the mining sector?

Yes, companies operating in the mining sector in Angola must comply with specific regulations and obtain the necessary licenses and permits.

What is a representative office?

A representative office is a business entity established by a foreign company to undertake non-commercial activities, such as market research or liaison activities.

Are there any restrictions on foreign ownership in certain sectors?

Yes, certain sectors in Angola, such as defense, fisheries, and media, have restrictions on foreign ownership.

What is a Sociedade em Comandita por Ações (SCA)?

A Sociedade em Comandita por Ações (SCA) is a joint-stock limited partnership. It combines elements of a limited partnership and a joint-stock company.

Can a company be registered with foreign currency as share capital?

Yes, companies in Angola can be registered with foreign currency as share capital, subject to the applicable regulations.

What is a Sociedade Unipessoal por Quotas (SUQ)?

A Sociedade Unipessoal por Quotas (SUQ) is a single-member limited liability company, where a single person owns the entire share capital.

Are there any requirements for employing Angolan nationals?

Yes, companies in Angola are generally required to prioritize the employment of Angolan nationals and must comply with the applicable labor laws.

What is a Sociedade em Comandita Simples (SCS)?

A Sociedade em Comandita Simples (SCS) is a simple limited partnership where there are general partners with unlimited liability and limited partners with liability limited to their capital contributions.

Can a company have foreign directors or managers?

Yes, a company in Angola can have foreign directors or managers, subject to compliance with the relevant regulations and obtaining the necessary work permits.

What is a Sociedade em Comum (SEC)?

A Sociedade em Comum (SEC) is a general partnership where all partners have unlimited liability, similar to a Sociedade em Nome Coletivo (SNC).

Are there any incentives for companies in the renewable energy sector?

Yes, Angola offers incentives for companies operating in the renewable energy sector, including tax benefits and access to financing programs.

Can a company have multiple shareholders?

Yes, a company in Angola can have multiple shareholders, except for single-member companies.

What is a Sociedade Desportiva (Sports Company)?

A Sociedade Desportiva is a company established for the purpose of managing sports activities, such as sports clubs or organizations.

What is the minimum number of shareholders required to establish a company in Angola?

For most types of companies, the minimum number of shareholders required is two. However, a single-member company is an exception to this rule.

Can a company operate in multiple locations in Angola?

Yes, a company can operate in multiple locations in Angola, subject to compliance with the applicable regulations and obtaining any necessary permits.

What is a Sociedade Anónima Desportiva (Sports Public Limited Company)?

A Sociedade Anónima Desportiva is a public limited company specifically established for the management of sports activities, such as professional sports teams.

Are there any specific regulations for companies in the telecommunications sector?

Yes, companies operating in the telecommunications sector in Angola must comply with specific regulations and obtain licenses from the relevant regulatory authorities.

Can a company be established with only one shareholder?

Yes, a single-member company can be established with only one shareholder, referred to as a Sociedade Unipessoal.

What is a Sociedade por Quotas de Responsabilidade Limitada Unipessoal (SQRLU)?

A Sociedade por Quotas de Responsabilidade Limitada Unipessoal is a single-member limited liability company, where a single person owns the entire share capital.

Are there any restrictions on foreign exchange transactions for companies in Angola?

Angola has specific regulations and restrictions on foreign exchange transactions, and companies must comply with the applicable laws and regulations.

Can a company be established as a non-profit organization?

Yes, it is possible to establish a non-profit organization in Angola, such as an association or foundation, for charitable or social purposes.

What is a Sociedade por Ações em Nome Coletivo (SANC)?

A Sociedade por Ações em Nome Coletivo is a joint-stock company in which the shares are registered in the name of the shareholders.

Are there any specific regulations for companies in the financial sector?

Yes, companies operating in the financial sector, such as banks or insurance companies, must comply with specific regulations and obtain licenses from the relevant regulatory authorities.

Can a foreign company establish a subsidiary in Angola?

Yes, a foreign company can establish a subsidiary in Angola, subject to compliance with the relevant regulations and obtaining the necessary approvals.

What is a Sociedade em Conta de Participação (SCP)?

A Sociedade em Conta de Participação is a partnership where one party provides the capital, and another party provides the labor or expertise. The capital provider has liability, while the labor provider does not have liability.

Are there any specific regulations for companies in the construction sector?

Yes, companies operating in the construction sector in Angola must comply with specific regulations, such as obtaining construction licenses and adhering to safety standards.

Can a company be established with a foreign company as a shareholder?

Yes, a company in Angola can have a foreign company as a shareholder, subject to compliance with the relevant regulations and obtaining the necessary approvals.

What is a Sociedade por Ações em Comandita (SAC)?

A Sociedade por Ações em Comandita is a joint-stock limited partnership where the partners have limited liability based on their capital contributions.

Can a company change its legal form after registration?

Yes, a company in Angola can change its legal form after registration, subject to compliance with the applicable legal procedures and obtaining the necessary approvals.

 

Major Banks in Angola

 

• Banco Nacional de Angola – https://www.bna.ao/
• Banco de Poupança e Crédito – https://www.bpc.ao/
• Banco Angolano de Investimentos – https://www.bancobai.ao/
• Banco Millennium Atlântico – https://www.millenniumatlantico.ao/
• Banco de Fomento Angola – https://www.bfa.ao/
• Banco Comercial Angolano – https://www.bc.co.ao/
• Banco de Comércio e Indústria – https://www.bci.ao/
• Banco Sol – https://www.bancosol.ao/
• Banco Económico – https://www.bancoeconomico.ao/
• Banco Valor – https://www.bancovalor.ao/
• Banco Caixa Geral Angola – https://www.bcga.ao/
• Banco Keve – https://www.bancokeve.ao/
• Standard Bank Angola – https://www.standardbank.co.ao/
• Banco VTB África – https://www.bancovtb.ao/
• Banco Privado Atlântico – https://www.atlantico.ao/
• Banco Millennium Angola – https://www.millenniumangola.ao/
• Banco Internacional de Crédito – https://www.bancobic.ao/
• Banco Kwanza Invest – https://www.kwanzainvest.ao/
• Banco Yetu – https://www.bancoyetu.ao/
• Banco Postal Angola – https://www.bancopostal.ao/

“Our team can provide assistance if you need to open a bank account in Angola.”

 

The top universities in Angola

 

Agostinho Neto University (Universidade Agostinho Neto)

• Location: Luanda
• Website: http://www.uan.ao/
• Major Courses: Medicine, Law, Engineering, Economics, Social Sciences

 

Catholic University of Angola (Universidade Católica de Angola)

• Location: Luanda
• Website: http://www.ucan.edu/
• Major Courses: Business Administration, Law, Economics, Computer Science, Psychology

 

Lusíada University of Angola (Universidade Lusíada de Angola)

• Location: Luanda
• Website: http://www.ulusiada.co.ao/
• Major Courses: Law, Economics, International Relations, Communication Sciences, Education Sciences

 

Katyavala Bwila University (Universidade Katyavala Bwila)

• Location: Benguela
• Website: http://www.ukb.ao/
• Major Courses: Civil Engineering, Computer Engineering, Economics, Law, Medicine

 

Jean Piaget University of Angola (Universidade Jean Piaget de Angola)

• Location: Luanda
• Website: http://www.unipiaget.co.ao/
• Major Courses: Education Sciences, Psychology, Communication Sciences, Business Administration, Computer Engineering

 

Mandume Ya Ndemufayo University (Universidade Mandume Ya Ndemufayo)

• Location: Lubango
• Website: http://www.umn.ed.ao/
• Major Courses: Medicine, Law, Engineering, Economics, Social Sciences

 

José Eduardo dos Santos University (Universidade José Eduardo dos Santos)

• Location: Huambo
• Website: Not available
• Major Courses: Medicine, Law, Engineering, Economics, Social Sciences

 

Óscar Ribas University (Universidade Óscar Ribas)

• Location: Luanda
• Website: http://www.uor.ao/
• Major Courses: Medicine, Law, Economics, International Relations, Psychology

“If you need assistance registering for college or university, our team is here to help.”

 

Strange or unusual to visitors in Angola

 

Portuguese Influence: Angola was a former Portuguese colony, and as a result, Portuguese is the official language and has a strong influence on the culture, architecture, and cuisine. Visitors who are unfamiliar with Portuguese culture may find the blend of African and European influences unique.

Greetings: Angolan people often greet each other with a warm handshake or a hug, even among strangers. This level of physical contact may be different from what some visitors are accustomed to in their own cultures.

Time Perception: Angolan culture has a more relaxed perception of time compared to some Western cultures. Punctuality may not be as strictly adhered to, and appointments or events may start later than scheduled.

Food and Eating Habits: Angolan cuisine includes dishes such as funge (a thick cornmeal porridge), muamba de galinha (chicken stew), and calulu (fish stew). Some traditional dishes may be unfamiliar to visitors, and eating with your hands, particularly for certain dishes, is common.

Infrastructure and Services: In some areas of Angola, particularly outside major cities, visitors may encounter limited infrastructure and services compared to more developed countries. This can include intermittent electricity and water supply, road conditions, and limited internet access.

Security Precautions: Due to past conflicts and the impact of crime, Angola has security measures in place, such as private security guards and checkpoints. Visitors may find this level of security presence different from what they are accustomed to in their home countries.

Cultural Customs: Angolan culture places importance on respect, family, and hierarchy. Visitors may notice the emphasis on greetings, showing respect to elders, and observing social etiquette when interacting with locals.

Music and Dance: Angola has a vibrant music and dance scene, with popular genres like kizomba and semba. Visitors may find the energetic and rhythmic dances, often involving close physical contact, unique and enjoyable.

 

“Tips for Newcomers: Adjusting to Life in Angola”

 

Learn the Language: While many Angolans speak Portuguese, it can be helpful to learn some basic phrases in the local language, such as Kimbundu or Umbundu, depending on the region. This can facilitate communication and help you connect with the local community.

Understand the Culture: Take the time to learn about Angolan culture, customs, and traditions. Show respect for local customs, such as greetings, social norms, and appropriate behavior in different settings.

Embrace the Food: Angolan cuisine offers a variety of unique and delicious dishes. Be open to trying local foods, such as funge, calulu, or grilled seafood. Explore local markets to discover fresh produce and ingredients.

Connect with Locals: Building relationships with locals is a great way to immerse yourself in the community and gain insights into the culture. Engage in conversations, participate in community events, and join clubs or organizations that align with your interests.

Safety Precautions: Familiarize yourself with safety precautions and adhere to them. Be cautious of your belongings, avoid displaying expensive items, and be aware of your surroundings, especially in crowded areas or at night.

Transportation: Understand the transportation options available in Angola. Public transportation may include taxis, buses, and motorcycle taxis (known as “candongueiros”). Familiarize yourself with local routes, fares, and safety considerations.

Patience with Bureaucracy: Dealing with administrative processes in a new country can sometimes be time-consuming. Be patient and prepared for bureaucratic procedures when it comes to obtaining visas, permits, or other necessary documents.

Healthcare: Familiarize yourself with the local healthcare system and identify reliable medical facilities in your area. Consider obtaining health insurance that covers medical expenses in Angola.

Explore the Country: Angola is known for its natural beauty, including stunning beaches, national parks, and diverse wildlife. Take the opportunity to explore the country and discover its hidden gems.

Maintain a Positive Attitude: Adjusting to a new culture and environment can be challenging at times. Stay positive, be open-minded, and embrace the experience as an opportunity for personal growth and cultural exchange.

 

Top recruitment agencies in Angola

 

Biz Angola – https://biz-angola.com/

FESA Angola – https://fesagroup.com/

Executives Angola – https://executives-angola.com/

People First Angola – http://www.peoplefirst-angola.com/

Jobartis – https://www.jobartis.com/

Integrated Talent Solutions Angola – http://itsangola.com/

AngoRecursos – http://angorecursos.com/

Talentos – http://www.talentos-angola.com/

HCM Angola – http://www.hcmangola.com/

CECOA – http://cecoa.co.ao/

 

Necessary phone numbers in Angola

 

Emergency Services:

• • Police: 113
  • Ambulance: 112
  • Fire Department: 115

Medical Assistance:

• • Luanda Medical Emergency: 222 372 566 / 222 372 568
  • National Institute of Emergency Medical Services (INEMA): 222 397 791 / 222 392 231

Tourist Assistance:

• • Angola Tourism Helpline: 923 114 477

Embassy and Consulate Contacts:

• • Embassy of your country in Angola: It’s advisable to note down the contact details of your country’s embassy or consulate in Angola, as they can provide assistance to citizens in case of emergencies or other issues.

Directory Assistance:

• • Local Directory Assistance: 190
  • International Directory Assistance: 196

General Information:

• • Angola Information Service: 193