Forty five companies founded each day in Angola

10 September 2013

Angola’s Companies Single Window (Guichet Único da Empresa – GUE) system has made it possible to open an average of 45 companies per day over the last 10 years and will now offer the possibility of opening one-man enterprises, the GUE said in a statement issued Monday in Luanda.

The service was created in August 2003 as a way of reducing the bureaucracy involved in founding companies and its managing director Pedro Filipe, said that founding one-man enterprises would revolutionise the legal status of businessmen who work alone.

The One-man Enterprises Law stipulates that this type of company is made up of a single shareholder, individual or company, which owns all the company’s capital.

In the Doing Business index, which ranks countries based on how easy it is to do business in each of them, Angola is in 172nd place out of 185 countries studied for this annual ranking by the World Bank. (macauhub)