Starting a business in Angola

Legal Forms of Companies

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.

Business Setup Procedures

Source: Doing Business - Latest available data.