Angola | New Regulation On The Licensing Of Establishments And Of Commercial Activity
Presidential Decree no. 193/17, which approves the Regulation on the Licensing of Establishments and of Commercial Activity and Market Services (“Regulation”), was published on 22 August. The Regulation, which will enter into force on 21 October (60 days after its publication), establishes the conditions and procedures governing the licensing of commercial activities and market services, …
Mozambique | Petroleum Products Supply
Ministerial Statute 50/2017, of 11 July 2017, sets forth the measures approved by the Ministry of Mineral Resources and Energy to streamline petroleum products’ import into and supply to the country and ensure fuel supply safety, regularity and quality. The newly approved measures obviously have a direct impact on distributors, but also affect suppliers, IMOPETRO, …
Mozambique VAT Code Amended
Law no. 13/2016, of 30 December 2016, which amended and republished the Mozambican VAT Code, was recently rectified by a Notice, dated June 8th.
Companies Code Amended
Decree-Law 79/2017, of 30 June 2017, was published last Friday and amends both the Insolvency and Corporate Recovery Code and the Companies Code, in order to implement the goals of the “Programa Capitalizar” approved by Council of Ministers Resolution 42/2016, of 18 August 2016
New Legislation on Manufacturing Plants of Human Medicinal Products
I – Introduction Following the enforcement of the new Communiqué on Pricing of Human Medicinal Products last September, the Ministry of Health ("Ministry") rolled up its sleeves for a new regulation concerning human medicinal products: The Regulation on Manufacturing Plants of Human Medicinal Products ("Regulation").
Angola | Significant Amendments To Regulations On The Performance Of A Professional
Please be aware that a new Presidential Decree has been published on 24th of April (Presidential Decree 79/17 of 24 April) which, among others, introduces the following significant amendments to former Presidential decree 43/17 of 6 March (regulations on the performance of a professional activity by nonresident foreign employees ):
Prohibition On Issue Of Bearer Shares
Bearer securities have been prohibited under Law 15/2017, of May 3, 2017, published today. The Companies Code and the Securities Code have been amended in order to implement this measure. Law 15/2017 – which takes effect tomorrow – greatly impacts limited liability companies by shares by eliminating bearer shares and allowing nominative shares only
Angola | New Regulations On The Performance Of A Professional Activity By Non-resident
Presidential Decree 43/17, of 6 March 2017 (“DP 43/17”) just enacted new regulations on the performance of a professional activity by non-resident foreign workers, repealing former Decrees 5/95, of 7 April 1995 and 6/01, of 19 January 2001.
Angola | Law On The Protection Of Networks And Information Systems
Law No. 7/17, concerning the Protection of Networks and Information Systems (LPNIS) was recently published in the Official Gazette, which imposes a set of new obligations to several players in the Angola market. Electronic communication undertakings, information society service providers, primary storage service providers, critical infrastructure service providers (e.g., entities responsible for supply chains, health, …
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Stop! Wait! Move! – No longer Stamp Duty for Residential Homes
On 12 October 2017, right in a last minute attempt to win undecided voters for one of the political parties, the leaving members of parliament enacted a new tax law. While fundamental changes to the Austrian Tenancy Law had been vividly discussed between the socialist and the conservative parties in recent years, the new law …
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