Angola is strategically located on the west coast of Africa and acts as a gateway to central and southern Africa via road and rail networks. Angola's government is committed to protecting private investors through its National Private Investment Agency, which oversees foreign direct investment. Angola has a growing economy fueled by its oil exports - it is the second largest oil exporter in Africa and has seen high growth rates over the past decade. Common forms of business representation include limited liability companies, representative offices, and branches, with branches being most common for foreign firms. The licensing process involves obtaining approvals from the Ministry of Trade and Ministry of Commerce. Companies are subject to taxes such as industrial tax of 35% on profits, withholding tax of

1. FACT SHEET
Angola
Angola is strategically situated on the Atlantic coast of West Africa, where it acts as an open entrance to
Southern and Central Africa by way of both road and railroad networks. The Angolan Government,
working through the National Private Investment Agency-ANIP, which is the only approved entity
accountable for its private investment policy (national and FDI), is thoroughly dedicated to protecting
every private investor wishing to invest in Angola. The currency is becoming powerful, day by day,
stimulating the consuming habit within the Angolan and foreign populations who live in the capital and in
the provinces. Angola is the second largest oil exporter in Africa and that country has achieved high
economic growth rates for all decade.
Company Incorporation in Angola
1. A limited liability company, located in the largest business city and is 100% domestically owned. The
corporate structure of an LLC features (i) the general assembly, representing all the shareholders;
and (ii) the management, which is accountable for the day- to-day organization affairs. The existence
of a supervisory body is optional
2. A representative office is established for the sole purpose of looking out for the interests of the
foreign firm it represents, following up on and offering assistance to that firm’s business operations in
Angola and it has no independent legal authority to do business in its own name
3. Branch offices are the most common form of representation for foreign firms in Angola, because they
allows foreign investors to do business in Angola on the same terms and under the same
circumstance as firms legally established in Angola
Licensing in Angola:
1. The Ministry of Trade, through the National Directorate of Trade, provides licenses for medium and
large business areas, import and export, representative trade and trade services provision of a
relevant size
2. Obtain the Commercial Operations license from the Ministry of Commerce
Accounting and Tax:
1. Companies and branches operating in Angola are subject to Industrial Tax on their profit at a rate of
35%
2. Companies are also subject to Investment Income Tax withholding, at a 10% rate on, Payment of
dividends to their shareholders and for the lease of technical and industrial equipment
3. Stamp Duties imposed on deeds, contracts, agreements, law proceeding, bills and notes, custom
clearance documents, letters and other documents. Stamp Duties rate for receipts is 1% of the gross

2. FACT SHEET
Angola
value of each receipt.
4. Employees of the Angolan entity are subject to Personal Income Tax, up to 17% of progressive rate
Type: Limited Liability Company
Under Angolan law, foreigners can own 100%
Share Capital AOA 1,000
Shareholders Minimum Two
Memorandum and Articles of Association Yes
Can the entity hire expatriate staff in Angola Yes
Tax Registration Certificate Required Yes
Statutory audit required Yes
Timeframe for Incorporation: 5 to 6 months
Annual Return Must be filled
Annual Tax Must be filled
Access to Angola double tax treaties Yes
For more details, please contact bc@intuitconsultancy.com
You can also visit www.intuitconsultancy.com