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National Bank of Angola announces relaxation of rules for the import and export of capital by foreign exchange residents

The National Bank of Angola (central bank and issuer, involved in the definition of Angolan monetary, financial and foreign exchange policies) are exempt from licensing, importing capital from foreign investors allocated to the private sector and exporting income associated with such investments.

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Angola strengthens its fight against money laundering

The Angolan Parliament have approved in the end of 2019, a law that updates the fight against money laundering.

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Angolan IVA made a reality

The Angolan Value Added Tax came into force at the beginning of October of this year, which results, among other reasons, from a set of charges made by the International Monetary Fund, as is well known. The current economic state of the country is still very fragile since the last oil crisis faced around the world. Thus, the growing need for diversification of sources of state wealth has materialized in the government's bet on tax collection.

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Portuguese born in Angola who emigrated to Portugal in 1975 will be able to apply for an Angolan Identity Card

From January 2020 onwards, the people who made the air bridge between Luanda and Lisbon for more than 40 years who registered in Portugal as Portuguese and who for various reasons failed to obtain the Angolan ID card will now be able to do so.

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The Convention to Eliminate Double Taxation between Portugal and Angola

Angola has signed with Portugal its second Convention to Avoid Double Taxation (the first was with the United Arab Emirates) which will come into force from 2020. A long-awaited measure and an important milestone in the relationship between both countries.

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