Simplified Process for the Incorporation of Companies

The new simplified process for the incorporation of companies – Law nr 11/15 of 17 June 2015 – was published and entered into force on the 17th June.

We highlight some of the main changes:
elimination of a public deed obligation in certain situations
reduction of the minimum capital of limited liability companies to Kz. 1,00 (one kwanza)
eliminationof the tax imposed to new companies
elimination of the stamp duty on the incorporation of companies
introduction of an expedite process of incorporating companies, namely via online
possibility to defer the initial capital payment until the end of the first financial year

Some changes will be gradually implemented during the coming months.