Language: Portuguese

Currency: Metical

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• Start to finish your company registration process
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Mozambique

 

Mozambique, a country located on the southeastern coast of Africa, has a fascinating history, diverse culture, developing economy, and a complex political landscape. This page provides an overview of these aspects, showcasing the uniqueness and resilience of this diverse nation.

History: Mozambique’s history is shaped by a blend of indigenous cultures and foreign influences. The region was home to various Bantu-speaking tribes before Portuguese explorers arrived in the late 15th century. The Portuguese established a colonial presence in the 16th century and Mozambique became a Portuguese colony in 1505. The struggle for independence gained momentum in the 1960s, leading to Mozambique’s independence in 1975. Following independence, the country experienced a devastating civil war that lasted until 1992. Since then, Mozambique has focused on rebuilding and reconciliation, aiming for stability and development.

Culture: Mozambique’s culture is a vibrant fusion of indigenous traditions, Portuguese heritage, and influences from neighboring African countries. The country is home to various ethnic groups, including the Makua, Tsonga, Shona, and Yao, each contributing to the cultural diversity. The official language is Portuguese, although many local languages are spoken as well. Traditional music, such as Marrabenta and M’batuko, and dances like the Mapiko mask dance, reflect the cultural richness and heritage. Mozambican cuisine features dishes like peri-peri chicken, matapa (a dish made with cassava leaves), and feijoada (a black bean stew), showcasing the diversity of flavors and ingredients.

Economy: Mozambique’s economy is primarily based on agriculture, natural resources, and emerging industries. Agriculture employs a significant portion of the population, with crops like cashews, cotton, sugarcane, and tobacco being major exports. The country also possesses significant reserves of natural resources, including gas, coal, and minerals, which have attracted foreign investment in recent years. Additionally, Mozambique’s coastal location provides opportunities for fishing and potential growth in the tourism sector due to its stunning beaches and wildlife reserves. The government has been actively working to improve infrastructure, attract investment, and diversify the economy for sustainable growth.

Politics: Mozambique’s political landscape has evolved since gaining independence. It is a multi-party democratic republic with a President as the head of state. The President is elected through a popular vote, and the government is divided into the executive, legislative, and judicial branches. Mozambique has faced challenges in maintaining political stability due to historical factors, including the civil war and periodic tensions between political parties. However, efforts have been made to promote peace, reconciliation, and democratic governance. The country also actively participates in regional and international organizations, such as the African Union and the United Nations.

In conclusion, Mozambique is a diverse country with a rich history, vibrant culture, developing economy, and a complex political landscape. It continues to rebuild and progress, focusing on economic growth, social development, and political stability. Mozambique’s cultural heritage, natural beauty, and resilient spirit make it an intriguing destination, offering a blend of historical sites, vibrant traditions, and warm hospitality to visitors from around the world.

 

General Questions 

What is the best type of company to operate?
Limited Liability Company (LDA)

How much is a corporate tax in Mozambique?
32%

How much is VAT in Mozambique?
17%

How much does it cost to register a company in Mozambique?
$ 21000 USD

What is the minimum capital required to register a company?
$ 1 USD

Do company executives should travel to Mozambique to complete the company registration?
No need.

How long does it take to register a company?
4 months

Is it necessary to have an office physically to register a company?
Yes.

The benefit of company registration in Mozambique

• Company registration in Mozambique can be done with one shareholder and one manager.
• The minimum capital required to register a company is one dollar.
• Investors can operate in most areas in Mozambique.
• Investors and executives do not need to travel to Mozambique to register a company and complete the process.
• Mozambique has the world’s fourth largest gas reserves.
• Mozambique is one of the largest exporters of coal in the world.
• Mozambique exports are tax-exempt.
• Investing in Mozambique’s free and special economic zones enjoys exemption from duties and VAT.
• There are many foreign investment opportunities in the oil and gas industry and related industries, tourism industry, mining and refining equipment, maintenance services and machinery, automation equipment.

The disadvantage of company registration in Mozambique

• Tax rates in Mozambique are high, rising to 42% in some areas.
• Administrative bureaucracy and bribery
• It will be difficult for investors to communicate with the people and the authorities because the people speak Portuguese.
• Mozambique is the 12th most corrupt country in the world.
• Poor infrastructure facilities
• The return of capital and profits of the company will be possible with the permission of the Central Bank and provided that foreign currency is available.

Type of company registration

Limited Liability Company (LLC/LDA)
Public Limited Company (SA)
Branch Office
Rep Office

The company registration process

• Submit company registration request
• Determining the name and obtaining the name confirmation from the Companies Registration Organization
• Preparation and regulation of the company’s articles of association, including the name, type of company, goals of the company, names of shareholders and the amount of shares, names of company managers, address and telephone number of the company
• Opening a bank account for the company and depositing the initial capital of the company
• Preparation of company seal
• Company registration
• Publication of company registration in Morocco in domestic newspapers
• File with the tax office and receive a tax code
• File a case with the Social Security Administration
• Get licenses for specific activities