Mozambique Company Registration Services by Venture Overseas
Mozambique company registration may seem complicated but we can help guide you through it with our professional expertise.
Mozambique has abundant energy resources and also benefits from being one of the five major trading partners of South Africa. It is also one of the world’s next great energy superpower in the next few decades and holds considerable business opportunities for interested companies around the world.
Mozambique Company Registration Procedures
Mozambique company registration procedures take up to 17 days to complete and involve a number of pre and post-registration steps.
1. Obtaining a certificate of name reservation
Applicants must verify the availability of the company name and then reserve it. You can do it at the Legal Entities Registrar of Maputo (Conservatória do Registo das Entidades Legais) and will about 1 day.
2. Validating contract signatures and receiving Articles of Association
Partners of the company need to sign a written contract before a notary so the Articles of Association can be issued. Applicants can do this at the notary’s office, the one-stop-shop (Balcão de Atendimento Único) or the Legal Entities Registrar (Conservatoria do Registo das Entidades Legais).
3. Opening a bank account
The applicant must open a bank account and deposit the share capital. You can also make payment for registration fees.
4. Registering the company
Mozambique company registration can accomplish at the official company registry commonly known as Conservatória do Registo de Entidades Legais or CREL. The registration fees will vary according to the capital and there will also be a fixed fee for publication of the Articles of Association on the official gazette (Boletim da República).
5. Registering for taxes and obtaining a unique tax identification number (NUIT)
The applicant company can go and register at the Tax Department (Repartição de Finanças) to get their tax identification number. The process will take 2-5 days on average and involves no fee.
6. Applying for a simplified operating license
A simplified operating license (lincenciamento simpli cado) can be obtained by filling a form and providing some paperwork. This step may not be required by all companies after the Mozambique company registration is done.
7. Declaring the commencement of operations
For VAT and corporate income tax, a notice of the start of operations must send to the tax department of the local district 15 days before commencement. Applicants need to file some paperwork and show an authenticated copy of the operating license.
8. Declare the start of the operation and register job applicants at the provincial jobs centre
In order to register employees, the employer must apply for work cards within 30 days of the start of employment agreements. They also need to submit a schedule of working hours and declare the employment of national workers within 30 days of the start of their respective employment contract. For employers with more than 10 employees, additional paperwork is a requirement.
9. Register workers with the social security system
This must be accomplished within 15 days of the start of the operations and within 30 days of the implementation of employment agreements. A special form must be filled out for each employee and submitted to the Social Security Institute within 15 days of signing the labour contract.
10. Subscribe to a workers’ compensation insurance coverage
Life insurance (seguro colectivo) is legally required by Article 231 of Decree 21, 2007. Hence, companies must provide life insurance for their workers for risks not covered by social security.
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