Mozambique client case studies in 2024

Global technical consultancy company acquires a turnkey solution in Mozambique

Our client, a technical consultancy specializing in the provision of QA/QC and inspection services for oil and gas companies, and with subsidiaries in multiple countries wished to establish a presence in Mozambique for purposes of securing a local tender;
Having found Healy Consultants Group through Google, our Client sent us an email inquiry to get more information on setting up a company in Mozambique and secure the requisite license to operate in the country;
After the conference call discussion with our Client’s representative, our Client requested for a meeting with their UBO to further discuss in detail their requirement for a readymade company to beat the deadline for the submission of tender bid;
Following the meeting, our Client agreed to our readymade company and corporate restructuring fees, procedure and the timelines to complete the engagement;

Healy Consultants Group emailed our Client the i) formal invoice for the required services and ii) formal engagement letter for signature and scan email return;
Because our Client was time barred, within 1 day, Healy Consultants Group provided our Client with i) certificate of incorporation ii) memorandum and articles of association and iii) tax certificate of the readymade company;
Our Client was thus able to complete their tender bid documents preparation and submit the same to their prospective Client before the deadline;

Our Client then proceeded to settle the first instalment of our Mozambique turnkey solution fee with Healy Consultants Group to commence the engagement;
Our Client provided Healy Consultants Group with scan copies of all the due diligence documents as per our Firm’s KYC process requirements;
Healy Consultants Group then prepared a detailed project plan for the step by step process of corporate restructuring and a draft business plan for the new company;
Healy Consultants Group also prepared the proposed new corporate structure for the readymade company and emailed the same to our Client for confirmation;
Our Client approved the new corporate structure and confirmed their preferred new company name for the Mozambique entity;
Our Client also confirmed they will not require our assistance to open a local corporate bank account because they had made an internal arrangement with their existing bank for their banking operations;

The restructuring team prepared all the company restructuring documents and submitted a quality application for transfer of shares to the Legal Entities Registrar of Maputo at the Ministry of Justice;
Healy Consultants Group then proceeded to obtain the personal tax numbers (NUIT) for each of the two proposed foreign directors of our Client’s Mozambique company from the Revenue Authority;
Within 1 week of application submission, Healy Consultants Group obtained the i) new registration certificate and the memorandum of association and ii) tax certificates for the foreign directors and emailed scan copies to our Client;
Healy Consultants Group then submitted the business trade license application to the Mozambique Government and obtained an approval within 1 week;
Upon our Client’s confirmation, Healy Consultants Group i) declared the beginning of activity to the Revenue Authority and ii) obtained an INSS number from the National Social Security Institute;

To comply with the Mozambique Government legal requirements, Healy Consultants Group emailed our Client a sample Mozambique company sales invoice for their convenience;
Healy Consultants Group’s then collated all corporate documents including certificate of incorporation, M&AA, tax certificates and business license and handed over the same to our Client’s representative in UAE.

Our client, a South Africa entity, specialist in electrical, instrumentation and control systems construction approached Healy Consultants Group to wind down and deregister their Mozambique subsidiary;
During our initial phone call discussion, our Client confirmed that the Mozambique company had been dormant for years following completion of their Mozambique project thus wished to strike it off the companies register;
Our Client completed and signed our Engagement Letter and settled the first retainer fee to determine the pending tax issues with the Mozambique Government before we proceeded with the deregistration;

Our Client provided Healy Consultants Group with scan copies of the requested due diligence documents as per our Firm’s KYC process requirements;
Healy Consultants Group prepared and emailed our Client a detailed project plan mapping our each step of the engagement;
Healy Consultants Group then commissioned our local Accountants in Mozambique to check through our Client’s Mozambique company financials and tax filings;
To proceed with the above, Healy Consultants Group prepared draft POAs and sent the same for our Client’s signatures and notarization in South Africa and courier-return;
Upon receipt and within 2 weeks Healy Consultants Group reverted to our Client with our findings from the Mozambique Tax Office outlining the pending tax payments due to the Government for the years the company was dormant;

Healy Consultants Group negotiated with the local tax office and managed to secure a discount for the outstanding penalties due to the Mozambique Government. Our Client proceeded to settle the recently updated tax and penalties and provided our Deregistration team with the proof of payment;
Healy Consultants Group local accountant presented the proof of payment to the Mozambique Government, completed the clearance documents and submitted a completed clearance application to Beira Tax Office;

Because of the inefficiency of the Beira Tax Office, Healy Consultants Group together with the local accountants approached the head tax office in Maputo to complete the clearance process;
Although we successfully secured our Client’s clearance approval from Maputo Tax Office, the Beira Tax Office declined to accept the clearance. This delayed the deregistration process by several weeks;
Throughout several weeks, Healy Consultants Group local lawyers and accountants aggressively and skillfully negotiated with the Beira Tax Office and successfully secured the tax clearance certificate and supplied the same to our Client;
Immediately thereafter Healy Consultants Group proceeded to submit a complete deregistration application to the Mozambique Government for consideration;

Upon deregistration approval, Healy Consultants Group visited the Beira Tax Office and the Mozambique Government offices to obtain the original clearance certificate and deregistration certificate and emailed scans of the same to our Client;
Healy Consultants Group then subsequently couriered the original clearance and deregistration documents to our Client head office in South Africa. Our Client confirmed receipt of the documents.