Government authorities must approve all foreign and domestic investments that require guarantees or receive incentives under the Investment Law.
Acquisition of Holdings
Mozambique’s Investment Law and regulations generally do not make distinctions based on investor origin, nor do they limit foreign ownership or control of companies. Currently, there are no legal requirement that Mozambican citizens own shares of foreign investments (only a few exceptions). Law No. 15/2011 passed in August 2011 that governs public-private partnerships, large-scale ventures, and business concessions (“Mega-Projects Law”), states that Mozambicans should participate in the share capital of all such undertakings in a percentage ranging from 5% to 20% of the equity capital of the project company.
Obligation to Declare
All FDI have to be declared to the government authorities, who review and approve any foreign and domestic investment; however, there are almost no restrictions on the form or extent of foreign direct investments.
Investments related to security & safety, media & entertainment, and certain game-hunting concessions have some restrictions in terms of foreign participations and authorizations.
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