Mozambique is a country located in Southeast Africa, on the shore of the Indian Ocean. The capital city is Maputo, the official language is Portuguese, and the currency used is Metical (MZN). Mozambique has one of the fastest-growing economies in Africa and a rapidly expanding labor force. It has huge economic potential with its oil and gas reserves. Entering the market in Africa offers countless opportunities, and Mozambique is a perfect place to start your own business.
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.
Sole proprietorship- Empresa em nome Individual
In this country, the most common business form is a sole proprietorship, referred to as Empresa em nome Individual. It is a business owned and run by an individual. A proprietor is a natural person, which is not distinguished from the business by the law, and their liability is not limited. The owner is personally responsible for all assets and debts with all their fortune. This business form is the easiest to establish and maintain. It is highly flexible to the changing business environment and decisions can be executed promptly.
Any natural person can start a sole proprietorship, and each person can own only one business. Foreigners are required to have a work and residence permit. The owner operates a sole proprietorship under their own name, with the addition E.I.
To start a sole proprietorship in Mozambique, you have to register with the authorities first.
- Identity card, driver’s license, valid voter card, passport (for locals);
- DIRE or passport with a valid business visa or permit of permanent residence (for foreigners);
- Unique Tax Identification Number (NUIT).
A fee of MZN 3,996.00 will be charged. After the payment, your application is submitted. You will obtain the certificate of registration in a few days.