Business Reforms in Angola
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Dealing with Construction Permits: Angola made dealing with construction permits easier and less time consuming by improving the only application system
Getting Electricity: Angola made getting electricity easier by upgrading Luanda’s electrical grid, thereby reducing the time it takes for the utility to complete feasibility studies for new connections.
Trading across Borders: Angola made trading across borders easier by improving infrastructure at the Port of Luanda.
Starting a Business: Angola made starting a business easier by eliminating the paid-in minimum capital requirement.
Paying Taxes: Angola made paying taxes easier and less costly by reducing the frequency of advance payments of corporate income tax and increasing the allowable deductions for bad debt provisions. At the same time, Angola made interest income tax a final tax that is not deductible for the calculation of corporate income tax.
Labor Market Regulation: Angola adopted a new labor law that decreased the wage premium for overtime and night work and increased the wage premium for work on weekly holidays. The law also extended the maximum duration of fixed-term contracts and made fixed-term contracts able to be used for permanent tasks, reduced severance pay for redundancy dismissals of employees with five and ten years of continuous employment and increased severance pay for employees with one continuous year of service.
Starting a Business: Angola made starting a business easier by improving registration procedures and reducing the fees to register a company.
Paying Taxes: Angola made paying taxes less costly for companies by reducing the corporate income tax rate.
Trading across Borders: Angola increased documentation requirements for cross-border trade by introducing a mandatory registration for all traders and a new license for export and import transactions.
Getting Electricity: Angola made getting electricity easier by eliminating the requirement for customers applying for an electricity connection to obtain authorizations from the 2 utility companies.
Registering Property: Angola made transferring property less costly by reducing transfer taxes.
Getting Credit: Angola strengthened its credit information system by adopting new rules for credit bureaus and guaranteeing the right of borrowers to inspect their data.
Trading across Borders: Angola reduced the time for trading across borders by making investments in port infrastructure and administration.
Registering Property: Angola speeded up property transfers by digitizing the land registry in Luanda and splitting it into 2 units, each responsible for half the land covered by the registry.
Paying Taxes: Angola made paying taxes easier for companies by introducing mandatory electronic filing for social security contributions for those with more than 20 employees.
Trading across Borders: Angola made trading across borders easier through a customs improvement program that streamlined procedures and reduced the time and cost of trade.
Starting a Business: Angola reduced the time and number of procedures to start a business by making it possible to complete all registration formalities at once at a single counter (the Guichet Unico).
Dealing with Construction Permits: Angola made dealing with construction permits easier by eliminating the requirements for approvals from the water and electricity companies.