Asset management and private equity in Mozambique - Part II

Os advogados Diana Ribeiro Duarte, Mónica Moti Guerra e Pedro Capitão Barbosa assinam o artigo “Asset management and private equity in Mozambique - Part II”, publicado na plataforma Lexology.

«I – Corporate entities

1. Background

Pursuant to Decree-Law no. 1/2022 of 25 May, the first Commercial Code approved by Decree-Law no. 2/2005 of 27 December was revoked and a new Mozambican Commercial Code was approved (Commercial Code), which, among others, establishes the legal framework for companies.

The Commercial Code governs the following types of companies (i) companies by quotas (sociedades por quotas), (ii) companies by shares (sociedades anónimas), (iii) limited liability partnership companies (sociedades em nome colectivo de responsabilidade limitada); and (iv) simplified companies by shares (sociedades por acções simplificadas). In practice, companies by quotas and companies by shares are numerically the most significant corporate types and used more often as investment vehicles (…) ».

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