Mozambique client case studies

South African electrical systems company winds down their Mozambique subsidiary

Background

  • Our client, a South Africa entity, specialist in electrical, instrumentation and control systems construction approached Healy Consultants Group PLC 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;

Engagement planning

  • Our Client provided Healy Consultants Group PLC with scan copies of the requested due diligence documents as per our Firm’s KYC process requirements;
  • Healy Consultants Group PLC prepared and emailed our Client a detailed project plan mapping our each step of the engagement;
  • Healy Consultants Group PLC 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 PLC 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 PLC 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;

Company de-registration

  • Healy Consultants Group PLC 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 PLC 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;

Challenges and Solutions

  • Because of the inefficiency of the Beira Tax Office, Healy Consultants Group PLC 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 PLC 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 PLC proceeded to submit a complete deregistration application to the Mozambique Government for consideration;

Engagement completion

  • Upon deregistration approval, Healy Consultants Group PLC 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 PLC then subsequently couriered the original clearance and deregistration documents to our Client head office in South Africa. Our Client confirmed receipt of the documents.

Contact us

For additional information on our business registration services in Mozambique, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal
mozambique-ccmusamozambique-mfmozambique-cpi