Business entities in Angola

Business entities in Angola

Healy Consultants will assist our Clients with incorporating the optimum corporate structure in Angola. As outlined in the table below, the business entities most frequently used by investors are the limited liability company, the public limited company, the branch and the representative office.

The Angolan limited liability company (LDA)

    complete guides to Angola business setup
  • The Angolan LLC is the business entity most commonly used by foreign entrepreneurs when incorporating a company in Angola. Capital is divided into quotas and shareholders are jointly liable for their investments. An Angolan LLC must appoint 1 director and 2 shareholders and deposit US$1,000 as the minimum paid-up share capital;
  • Shareholders are allowed to defer 50% of the minimum share capital as long as the amount is paid in full by the date of incorporation of the company.

The Angolan public limited company (SA)

  • This Angola company setup will require at least 5 shareholders and 3 directors for company incorporation. The minimum paid-up share capital required is US$20,000, 30% of which must be fully paid before the incorporation of the company;
  • All Angola public limited companies are required to go through an annual audit and appoint for this purpose, a board of auditors with at least three members.

The Angola branch office (Sucursal)

This Angola business setup requires a local resident be appointed as the entity’s registered representative in the country. The scope of operations for this entity will be defined by the parent company. Also, the branch office will have an independent management team and corporate bank account based in Angola.

The Angola representative office (Escritório de representação)

An Angolan representative office is set up for the purpose of i) market research and ii) promoting the business of the foreign firm it represents. A representative office is not allowed to pursue production-related or commercial activities and can only have a maximum of 6 employees, with a 50% quota on foreign employees. The company must also deposit a performance bond guarantee in an Angola corporate bank account in the amount of US$60,000.

Comparison between different Angola business entities

 LLCPLCBranchRep office
Also known as?LDASARLSucursalEscritório de representação
How long to set the company up?18 weeks18 weeks20 weeks20 weeks
How long to open company bank account?4 weeks4 weeks5 weeks5 weeks
Legal liability?LimitedLimitedUnlimitedUnlimited
Wholly foreign owned?YesYesYesYes
Minimum paid - up share capital?US$1,000US$20,000US$0US$60,000
File annual tax return?YesYesYesNo
Tax registration certificate required?YesYesYesNo
Recommended corporate bank account?Standard Chartered BankBanco de Fomento AngolaBanco BICBanco Angolano de Investmentos
Does our Client need to travel?NoNoNoNo
Resident director required?NoNoNoNo
Resident shareholder required?NoNoNoNo
Minimum directors allowed?1311
Minimum shareholders?2511
Tax identification code needed?YesYesYesNo
Angola resident company secretary required?NoNoNoNo
Corporate shareholders allowed?YesYesYesYes
Corporate director(s) allowed?YesYesYesYes
Angola corporate tax rate?35%35%35%0%
Annual financial statements required?YesYesYesNo
Statutory audit required?NoYesNoNo
Regulated by?Ministry of CommerceMinistry of CommerceMinistry of CommerceMinistry of Commerce
Allowed to issue sales invoices?YesYesYesNo
Allowed to sign contracts?YesYesYesNo
Allowed to import and export goods?YesYesYesNo
Can rent an office space in Angola?YesYesYesYes
Can buy Angola property?YesYesYesNo
Can own equity in other Angola companies?YesYesYesNo
Total Angola business setup costs in yr. 1?US$75,340US$75,340US$78,340US$78,340
Subsequent annual costs (incl. accounting and tax fee)?US$20,340US$20,340US$20,340US$20,340
Sample engagement invoice?Angola LLC invoiceAngola PLC invoiceAngola Branch office invoiceAngola Rep office invoice

External videos

Contact us

For additional information on our business setup services in Angola, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal