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Law No. 25/21 regulating Economic Activities.

Country/Territory
Angola
Document type
Legislation
Date
2021
Source
FAO, FAOLEX
Original source
Diário da República, I Série, No. 197.
Subject
General
Keyword
Access right Authorization/permit Business/industry/corporations Cooperative/producer organization Legal proceedings/administrative proceedings Classification/declassification
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Entry into force notes
This Law enters into force on the date of its publication.
Abstract

This Law approves the Economic Activity Delimitation, with the purpose of defining the legal regimes for access to the exercise of Economic Activity in the Republic of Angola, by highlighting the right to free entrepreneurial and cooperative initiative recognized in the Constitution for all private entities. The Law, consisting of 11 articles divided into three Chapters, regulates all activity aimed at the production and sale of goods and/or provision of services, carried out for consideration and with the purpose of obtaining profits. It applies to public, private and cooperative entities that intend to develop Economic Activities in the Republic, stipulating that the general regime of access to economic activity is that of free private economic and business initiative, without prejudice to the provisions regarding the absolute reserve and relative reserve regimes of the State, which protects and respects private property, as well as free economic and business initiative, exercised under the terms of the Constitution and the applicable law, allowing access to economic activity to both national and foreign citizens, on an equal basis.

Full text
Portuguese
Website
www.legis-palop.org

References - Legislation

Repeals

Law No. 5/02 regulating economic activities.

Legislation | Angola | 2002

Keyword: Classification/declassification, Basic legislation

Source: FAO, FAOLEX