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By way of Order 2/24, of 22 March 2024, the Angolan Central Bank (BNA) adopted the regulations for implementation of Law 5/20, of 27 January 2020, on the Prevention and Combating of Money Laundering, Terrorist Financing and Proliferation of Weapons of Mass Destruction app..
On December 27, 2023, Law No. 12/23 of December 27, was published in the Official Gazette. The law approves the New General Labor Law, which revokes the Law No. 7/15 of June 15th, as well as Rectification No. 15/15 of October 2nd, and all separate legislation that contrad..
By way of Order 1/24, of 21 February 2024, the Angolan Central Bank (BNA) has issued guidelines for the “Recovery Plans” to be submitted by financial institutions (banks) under the Financial Institutions Law. This article gives an outline of the Order.
Law 8/20, of 16 April 2020, – the “Environmental Protected Areas Regulations” – created a National Network of Protected Areas (Rede de Áreas de Conservação Ambiental). The Regulations of Law 8/20 have now been enacted by way of Presidential Decree 50/24, of 2 February 202..
On December 27, Law no. 12/23 was published in the Official Gazette, approving the new General Labour Law (Lei Geral do Trabalho – new LGT), which comes into force within 90 days of its publication.
Presidential Decree 213/23, of 30 October 2023, enacted a new “Legal Regime to Incentivize Domestic Production”. Highlights of the new regime:
Aiming to promote financial inclusion and diversification of credits available, the National Bank of Angola (BNA), as the Banking Supervisory Authority, has recently approved a new regulatory package applicable to Microfinance Institutions and Cooperative Credit Companies..
Presidential Decree 95/23 was published on 6 April and approves the new legal framework for electronic communication and processing of tax proceedings and tax enforcement actions. It also repeals Presidential Decree 232/19 of 22 July and Article 9(4) of Presidential Decre..
Order No. 1/23, of 30 January, of the National Bank of Angola approved new rules for the opening, maintenance, operation and closure of bank accounts by natural and legal persons.
From the now applicable regime we highlight the f..
