Angola - Is Angola on the road to the Silicon Valley model?

Presidential Decree no. 153/16 of 5 August approved the Regulations on the Special Procedures to Incorporate Commercial Companies Immediately in Person and Online (the "Regulations"). In fact, this had already been provided for in article 12 and article 13(2) of Law no. 11715 of 17 June (Law to Simplify the Process to Incorporate Commercial Companies - "Simplification Law").

This legislation determines the rules and special procedures to incorporate single or multiple shareholder quota and share companies by immediate incorporation in person or online. However, the legislation does not apply to companies that must be incorporated under the Private Investment Law, to companies that require special authorisation and to companies whose share capital is paid up in full or in part in cash.