Mozambique approves new company registration code

23 February 2006

Maputo, Mozambique, 23 Feb – The Mozambican government this week approved the new codes for company and legal entity registration, with the aim of simplifying procedures and modernizing management of individual cases, according to local press reports Thursday.

The new law, approved by a Cabinet Meeting, provides for the creation of a “single office” for companies to carry out official registrations, a measure which aism to reduce bureaucracy and the time spent on procedures such as registering companies or changing capital or shareholder makeup.

According to Mozambican daily Notícias, the government also plans to create a uniform system of registration and implement simpler and standardized registration procedures. (macauhub)