The Mozambique government approved the ”Formulário Único” (Single Form) for the opening of companies and activity initiation, announced the minister of Industry and Commerce, Armando Inroga, quoted by the mozambican press.
At the end of the Counsel of Ministers meeting, Armando Inroga referred that the ”Formulário Único” is a tool aiming to simplify the legal formalities for company registration and functioning.
The ”Formulário Único” is part of a group of reforms to improve the business environment, that the government of Mozambique is applying to reduce the cost of company registration and activity initiation.
For a normal process, a company registration and activity startup could take up to 65 days, a period which should be reduced to 25 days with the ”Formulário único”.
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