Located in the Malay Archipelago, this country with two official languages has about 1.3 million inhabitants. In addition to the Tetum language, Portuguese is the official language in East Timor. The capital is Dili, with about 250,000 inhabitants. Dili is part of the Free Trade Zone, which includes East Timor, Indonesia, and Australia.
The most significant partners in imports and exports are Indonesia, Singapore, China, and the USA when it comes to the East Timor economy. GDP growth in 2019 was 3.4%, while in 2021, growth of 3.3% is expected.
Disclaimer: Be aware that this article is not a substitute for legal advice. Please always check official websites or seek legal advice before you take action.
Register a sole proprietorship in East Timor
If you want to pursue a business in East Timor, this article will make the registration process easier. The process is not complicated; however, it must be done in person.
Company Name registration
First, you have to complete the Certificate of Uniqueness of Company Name form. The acceptance process itself takes about two days.
Business registration in East Timor
After you have registered your company name, complete the Application for Business Registration form and submit all required documents such as Memorandum of Association and Articles of Association.
When all the documents are submitted, it takes about five working days for the registration to be completed. You can download all the documents from the Ministry of Justice website (keep in mind the website is in Portuguese).
When everything is approved, you get the date when you can pick up your documents in the Public Register.
Next step is to obtain a Tax Identification Number (TIN). In order to obtain a TIN number, you need to go to the National Directorates of Domestic Revenue.