The New Law on Micro, Small and Medium-Sized Companies in Angola

Law 30/11 on micro, small and medium-sized companies came into force on 2 January 2012.
The new law - referred to here by its Portuguese initials LMPME (Lei das Micro, Pequenas e Médias Empresas) aims to boost private entrepeneurs in Angola by establishing the basis for support to micro, small and medium-sized companies (micro, pequenas e médias empresas / MPMEs). Among other provisions, the law cuts procedural red tape and establishes rules for preference in public procurement.