Angola: Operating a Business

Setting Up a Company

Sociedade anonima (SA): Number of partners: At least 5 (2 if one of the partners is a public entity).
Capital (max/min): Minimum USD 20,000 of which 30% must be paid before the business creation.
Shareholders and liability: A shareholder is only liable for the payment of the subscription price of his shares. He is not liable for the debts of the business.
Sociedade por quotas de responsabilidade limitada (LDA): Number of partners: At least 2.
Capital (max/min): No minimul capital required.
Shareholders and liability:
Members are jointly and severally liable for the payment of the principal, but are not liable for the debts of the company.

Setting Up a Company	Angola	Sub-Saharan Africa
Procedures (number)	8.0	7.5
Time (days)	36.0	21.3

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, learn about the administrative procedures in starting a business in Angola.

	2018	2019	2020
Labour Force	12,705,661	13,155,275	13,292,663

Source: International Labour Organization, ILOSTAT database

Source: International Labour Organization, ILOSTAT database

For Further Statistics: Census 2014
For Further Information About the Labour Market: Website of the next census, 2014

Legal Weekly Duration: 8 hours daily (10 hours under certain conditions), maximum 44 hours per week.
Retirement Age: 60 years and 35 years of service
Working Contracts: Work contracts are usually permanent and long-term, but they can be temporary, fixed-term or permanent depending on certain conditions.
Labour Laws: Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Minimum Wage: In 2019, the minimum wage was AOA 21,454 per month for the agricultural sector and AOA 26,817 for the industries of transportation, service and manufacutring, accordigng to the Africa Labour, Research and Education Institute (latest data available).
Average Wage: The monthly gross average wage is estimated at AOA 320,000 per month (lastest available data).
Social Contributions: Social Security Contributions Paid By Employers: 8%
Social Security Contributions Paid By Employees: 3%. A foreign worker has the right not to contribute to the social security system if he can prove that he is currently supporting a foreign regime and / or has a life insurance.

Social Dialogue and Involvement of Social Partners: The law guarantees the right to join and form independent trade unions, the right to strike (except in the public and oil sectors), and the right to bargain collectively. However, there are few independent trade unions and overall the labor movement is dominated by the ruling MPLA party. Forming or joining a union requires a permission from the government. Finally, the government can intervene to end a labour conflict and force workers to return to work.
Labour Unions: UNTA The National Union of Angolan Workers
CGSILA General Centre of Independent and Free Unions of Angola
Unionisation Rate: The rate of unionization is very low (less than a million of unionized workers).
Labour Regulation Bodies: Ministry of Public Administration, Labour and Social Security

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