Notice no. 1/2007 was published in the Official Gazette of Angola on 3 February 2017, which, in view of the need to define the procedures for applying the funds coming from outside Angola, sets forth the procedures for investments, transfer of funds, interests, dividends and other income by non-resident foreign exchange entities related to securities transactions admitted to trading on the Angola Debt and Securities Exchange Market (Bolsa da Dívida e de Valores de Angola - BODIVA) and other regulated markets supervised by management companies registered with the Capital Markets Commission (Comissão do Mercado de Capitais - CMC).
It was decided to create a Banking Ombudsman Service in the delegation of the National Bank of Angola (BNA) in Huambo province, in order to address the various complaints of consumer rights violations and mismanagement of commercial Banks.
At the end of another year in which the world economy is taking small steps towards a resumption of global economic growth, Angola looks to 2017 in the hope that it will be possible to emerge from the crisis.
When the Portuguese navigators arrived on the Angolan coast, they found one of the most powerful kingdoms in Sub-Saharan Africa, the Kongo, an empire that had been around for nearly seven centuries and which had an advanced political and social organization centered on the "Lûmbu", an Electoral College that elected the King or Emperor and presented a scheme of separation of powers similar to the one of the modern democratic regimes.
Last August came into force the Presidential Decree No. 153/16, which established the regime and the special procedures to incorporate companies, immediately or online.
However, these procedures are dependent of the verification of the following assumptions:
Satisfy the conditions mentioned above, you can choose between the immediate incorporation of the company or the online incorporation.
To this end, we indicate the general characteristics of each model of incorporation, so you can decide, according to their purpose, which model fits the company's best interest.
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IMMEDIATE INCORPORATION
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Processing Period
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On the same day. |
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Beggining of the procedure |
Interested parties should formulate its application at the Commercial Registry, stating their firm option. |
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Required documents |
Applicants must submit proof of his identity, ability and powers of representation for the act. |
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Refusal |
Whenever check for omissions, defects or deficiencies affecting the formation and manifestation of the will of those involved in the act or in the documents. |
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Documents provided to company
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Subsequent procedures |
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ONLINE INCORPORATION
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Processing Period
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Two days starting from the verification of any of the following events: a) Conclusion of the articles of association; b) Reception of all the necessary documents for the incorporation of the company; c) Supply of any defect in the application. |
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Beggining of the procedure |
Applicants must make the application at the online site. |
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Online Application |
Those interested in setting up the company shall make an application by practicing the following acts:
NOTE: Once you start the procedure, the request must be submitted by the parties within 24 (twenty four) hours. |
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Validation of the application
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The application for incorporation of a company shall be considered validly submitted after the issuance of an electronic proof. |
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Subsequent procedures |
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In view of the above, we can tell you that both of the procedures are very fast, so both serve the purpose of setting up a company in the shortest possible time, and for that matter the choice of entering the use of a procedure against the other, will vary only on the availability (immediate incorporation) or unavailability (online incorporation) to travel to a Commercial Registry.