Legislative Authorisation to Revise the Mozambican Commercial Code

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Legislative Authorisation to Revise the Mozambican Commercial Code

2021-05-05

Law no. 1/2021 of 15 April has been enacted and published to authorise the Government to revise the Commercial Code. This new Law was approved by Decree-Law no. 2/2005 of 27 December, amended by Decree-Law no. 2/2019 of 24 April and by Decree-Law no. 1/2018 of 4 May. It is intended to simplify and reduce bureaucracy in procedures, and to introduce new types of companies and contracts, to facilitate and improve the business environment in Mozambique.

In response to the need for simplification, facilitation and a reduction of bureaucracy, the Law also provides for the introduction of the use of information and communication technologies for company incorporation, registration and publication, dissolution and liquidation These technologies are also to be used in the communication between quotaholders or shareholders, between each other or with third parties, and in business relations in general.

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