World Watch/Angola/Starting a Business

Starting a Business · Angola

Starting a business in Angola: foreigner's guide (2026)

ModeratePrivate Investment Law No. 10/18 of 26 June 2018 (as amended by Law No. 10/21 of 22 April 2021); Lei das Sociedades Comerciais (Lei No. 1/04 of 13 February 2004); Lei de Simplificação No. 11/15; administered by AIPEX (investment certificates) and Guichet Único de Empresa – GUE (company registration)Country index 65 · C+

Angola shaded by its starting a business status

Angola significantly liberalised foreign business entry through the 2018 Private Investment Law (No. 10/18), abolishing the prior mandatory local-partner requirement and removing minimum investment thresholds, enabling 100% foreign ownership in most sectors. Company formation is channelled through the one-stop Guichet Único de Empresa (GUE), which offers online and in-person simplified registration that can be completed in hours for straightforward cases. Practical impediments — including corruption, foreign-exchange controls, and sector-specific restrictions in oil, mining, maritime, and banking — temper the formal openness and place overall ease of entry at a moderate level.

Key points

Foreign ownership liberalised

Law No. 10/18 (2018) abolished the prior requirement that at least 35% of share capital be held by Angolan nationals, enabling 100% foreign ownership in most sectors. Sector-specific restrictions persist: the oil/petroleum sector is governed by the Local Content Law (Presidential Decree No. 271/20 of 20 October 2020), Angolan nationals must hold a majority stake in maritime shipping agencies, and banking and mining retain their own special regulatory regimes.

One-stop registration via GUE

The Guichet Único de Empresa (GUE), operating at gue.gov.ao, is the official single-window for company formation, alteration, and dissolution. Simplified incorporation of an LDA or SA can be done online or in-person and completed in a matter of hours; practical operational setup including corporate bank account opening typically extends to several additional weeks.

Minimum capital requirements

For a Sociedade por Quotas (LDA), minimum share capital is the Kwanza equivalent of approximately USD 1,000; for a Sociedade Anónima (SA), the equivalent of USD 20,000, with at least one-third paid at formation. The Simplification Law (Lei No. 11/15 of 17 June 2015) relaxed mandatory minimum capital for LDAs formed through the simplified GUE procedure.

AIPEX foreign investment certificate

Foreign investors may incorporate a company without prior AIPEX registration. After incorporation, investors must register with the Angola Investment and Export Promotion Agency (AIPEX) to obtain a Private Investment Registration Certificate (CRIP), which is required to legally repatriate dividends and access tax and customs incentives. Applications are submitted via AIPEX's electronic SETIP platform, with supporting documents including proof of funds and company articles.

Large-investment contractual regime

Investments exceeding USD 10 million fall under the contractual regime introduced by amending Law No. 10/21 (22 April 2021): a negotiated investment contract must be authorised by the Council of Ministers and signed by the President, adding significant procedural complexity and time for large foreign investments.

2023 licensing simplification

Presidential Decree No. 172/23 (August 2023) replaced multiple prior commercial authorisations with a single indefinitely valid commercial licence, further streamlining the process for commencing commercial activity following company registration.

Timeline - major decisions & events

Jul 30, 2025lawofficial
Presidential Decree 148/25: Informal Economy Reconversion Programme (PREI) approved

Approved the Programa de Reconversão da Economia Informal (PREI), valid through 2027 under the National Development Plan 2023–2027, to integrate informal traders and micro-enterprises into the formal economy via simplified registration and tax compliance pathways. Directly addresses Angola's large informal sector, which suppresses formal business creation.

Lex Angola – Diário da República
Sep 1, 2024decisionofficial
EU–Angola SIFA enters into force

The first-ever EU Sustainable Investment Facilitation Agreement (signed 17 November 2023 in Luanda) became legally operative, committing both parties to streamlined FDI procedures, enhanced transparency, and reduced administrative barriers for investors. Provides an external anchor for continued business-environment reforms and signals Angola's alignment with international investment standards.

EUR-Lex – European Union
Mar 1, 2024guidanceofficial
UNCTAD Third Investment Policy Review of Angola published

UNCTAD's third IPR assessed Angola's investment climate and made recommendations on company registration, licensing reform, and FDI facilitation, highlighting remaining procedural bottlenecks and endorsing continued one-stop-shop digitalisation. The review benchmarks Angola's progress and shapes donor-supported reform priorities.

UNCTAD Investment Policy Hub
Jan 11, 2024decisionofficial
Presidential Decree 26/24: PROPRIV privatisation programme updated for 2023–2026

Updated Angola's state-asset privatisation list, adding enterprises across agriculture, industry, and services to the transfer pipeline. Expanding private ownership reduces state dominance in sectors previously difficult for new entrants to compete in.

Lex Angola – Diário da República
Aug 1, 2023law
Regulatory Decree 172/23: Single indefinite commercial licence introduced

Replaced the previous system of multiple sector-specific licences requiring periodic renewal with a single commercial licence valid indefinitely, significantly cutting the time and cost of activating a new business after company registration. Recognised as one of the most concrete business-entry reforms of the 2023–2027 NDP cycle.

U.S. Department of State – 2024 Investment Climate Statement
Jun 15, 2020decisionofficial
Presidential Decree 167/20: Janela Única de Investimento (JUI) single investment window created

Established Angola's Single Investment Window, a unified portal coordinating all public agencies involved in approving foreign investment projects and eliminating the need for separate filings with multiple ministries. Administered by AIPEX, the JUI became the central digital entry point for FDI registration and incentive applications.

GUE – Guichet Único da Empresa (Angola)
Jun 26, 2018lawofficial
Law 10/18: New Private Investment Law — ANIP replaced by AIPEX

Replaced the prior private investment law, eliminating the USD 1 million minimum capital threshold for foreign investors, removing the mandatory local-partnership requirement, and restructuring ANIP into AIPEX (Private Investment and Export Promotion Agency) as the single investment-approval authority. One of Angola's most significant post-independence liberalisation steps for new business formation.

UNCTAD Investment Policy Hub
Jun 17, 2015lawofficial
Lei 11/15: Law on Simplification of Commercial Company Formation

Eliminated the mandatory notarial public deed for company acts and abolished the statutory minimum share capital for limited-liability companies (Lda.), allowing founders to set any capital amount freely, and enabled same-day company incorporation through the GUE. The most consequential procedural reform since the foundational 2004 Companies Law, cutting registration from weeks to hours for standard structures.

Lex Angola – Diário da República
Feb 13, 2004lawofficial
Lei 1/04: Commercial Companies Law — foundational modern statute enacted

Replaced Angola's colonial-era 1888 Commercial Code with a comprehensive framework defining all company types (Lda., SA, and others), governance structures, shareholder rights, and registration requirements. Established the legal architecture on which all subsequent business-registration reform has been built.

Lex Angola – Diário da República

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