News and developments
Angola | New Regulations On The Performance Of A Professional Activity By Non-resident
The new regulations could pose significant challenges to companies operating in Angola:
- DP 43/17 also applies to the so-called Technical Cooperation Agreements, but proffers no definition for this type of agreement;
- Expats’ remuneration is to be paid in kwanzas, and the Central Bank of Angola is expected to determine how much of their remuneration may be wired abroad;
- Expats’ additional benefit packages paid in cash or in kind must not exceed 50% of their base salary;
- Expats need to be integrated in the company’s job qualifier in the same conditions of the national employees;
- Expats’ employment contracts to be filed with the employment center must now also attach copy of the job qualifier.
Failure to comply with these obligations is punished with heavy fines: between five and ten average monthly
salaries per expatriate employee.