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. Angola is the second largest oil exporter in Africa and that country has achieved high economic growth rates for all decade.
Company Formation Process in Angola
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.
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
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.
Accounting and Tax for Company Registered in Angola
Companies and branches operating in Angola are subject to Industrial Tax on their profit at a rate of 35%. 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. 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 value of each receipt. Employees of the Angolan entity are subject to Personal Income Tax, up to 17% of progressive rate.
How we can help you
If you are considering forming a business or you need expert help with company registration in Angola, LegalGenius™ is ready to assist you with its skilled team of lawyers, consultants and tax experts. We are committed to making the process as stress-free and streamlined as possible for you, and we will take care of all your document preparation and administrative tasks regarding the registration forms, payment of government fees, local address registration, banking support, etc., whilst always keeping your exact objectives and unique vision in mind throughout the process.
Please use our Company Formation Wizard if you would like to set up your registered company in Angola or if you would like to know the costs involved prior to proceeding with our exceptional services. For other queries and special requests for complex or customised company formation services, please contact us at email@example.com