Moving-On Mozambique offers services in Maputo, Beira, Tete, Nacala and Pemba. Mozambique is a country with a vibrant and growing economy and a magnet for foreign companies interested in taking advantage of this new and growing market. We want to congratulate you if your company had the foresight to choose Mozambique as a potential location for your new venture.
Mozambique is a Portuguese-speaking country, independent since 1975, and with 16 years of peace and stability. Visited by many since centuries past, it is a land of contrasts, a melting pot of languages, peoples and cultures. Now a vibrant, growing economy and a magnet for foreign companies that are keen to make the most of a new and burgeoning market place. And we congratulate you if your company is out ahead of the game in selecting Mozambique as a potential venue for your new venture. Mozambique is situated on the south-eastern coast of Africa, with an area of 799,4 sq. Km. It borders on Tanzania to the north, Zambia, Malawi and Zimbabwe to the west and South Africa and Swaziland to the south. Maputo is the capital city, located in the far south of the country and very near to the South African border. It is by far the most populated of the country and where central administration is based. Developing cities are Beira, Nampula, Nacala, Tete and Pemba. Its vibrant economy inspires trust in a prosperous future. According to IMF, Mozambique is one of the fastest growing countries from gas, coal and, who knows, oil, growing on average 7,8% per year. Mineral resources will help to develop infrastructures at all levels: energy, water, railway lines, streets, ports and airports. Cities will emerge with the people required to operate these infrastructures. The year 2011 marked a turning point in the country’s economy, with the first overseas export of coal marking the birth of Mozambique as a world exporter of minerals. Successful strategic investment is being made in the mining sector and sustaining the country’s impressive performance requires further investments to expand the country’s infrastructure networks, including roads, railways, energy, water, ports, as well as boost production and productivity in labor-intensive sectors, with special focus on agriculture. The Taxation System in the Republic of Mozambique integrates national and municipal taxes. Direct taxation on incomes are the Corporate Income Tax (IRPC, currently at 32%) and the Personal Income Tax (IRPS). The indirect taxation, on expenditure, are the Value Added Tax (VAT, currently at 17%), the Specific Consumption Tax (ICE, currently at 20%) and different Customs Duties. The registration of workers and their respective employers with the National Social Security System is mandatory. The fee for social security is 7%, being 4% paid by the employer and 3% by the employee. It has an open and friendly environment and a young and trainable population. The climate varies from sub-tropical to tropical, and the currency is the Mozambican metical. Sources: