Angola Statistics and History

Angola is a country located in the southwestern part of Africa, a nation state that started with Portuguese colonization. They gained independence in 1975, but civil war between the ruling People’s Movement for the Liberation of Angola (MPLA) and the insurgent anti-communist National Union for the Total Independence of Angola (UNITA) threw the country into chaos until 2002. However, since then, Angola has been a relatively stable country, governed as a presidential constitutional republic.

One of the fastest growing economies in the world, Angola has enormous mineral and petroleum reserves. However, most of its population remains poor, with low life expectancy rates compared to other countries. Although Portuguese is their official language, the most common indigenous languages are Umbundu, Kimbundu and Kikongo and the majority of the population considers themselves Christian.

Angola’s capital city is Luanda and basketball is its most popular sport.

2021
March 8International Woman’s Day
March 22Day off for Southern Africa Liberation Day
March 23Southern Africa Liberation Day
April 2Good Friday
April 4Peace Day
May 1May Day
September 17National Hero Day
November 1Day off for All Souls’ Day
November 2All Souls’ Day
November 11Independence Day
November 12Day off for Independence Day
December 25Christmas Day
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: 30%
  • Income Tax (Lowest Marginal Rate): 0%
  • Income Tax (Highest Marginal Rate): 17%
  • VAT/GST/Sales Tax: 10%
  • Banco Africano de Investimentos (Commercial Bank)
  • Banco Angolano de Negócios e Comércio (Commercial Bank)
  • Banco BIC (Commercial Bank)
  • Banco do Brasil (Commercial Bank)
  • Banco Commercial (Commercial Bank)
  • Banco de Comércio e Indústria (Commercial Bank)
  • Banco de Desenvolvimento de Angola (Commercial Bank)
  • Banco Espírito Santo (Commercial Bank)
  • Banco de Fomento (Commercial Bank)
  • Banco Mundial (Commercial Bank)
  • BNP Paribas (Commercial Bank)
  • Banco Privado Atlântico (Commercial Bank)
  • Banco de Poupança e Crédito (Commercial Bank)
  • Banco de Negócios Internacional (Commercial Bank)
  • Banco Quantum Capital (Commercial Bank)
  • Banco Regional do Keve (Commercial Bank)
  • Banco Sol (Commercial Bank)
  • Banco Totta de Angola (Commercial Bank)
  • Banco Millennium (Commercial Bank)
  • Banco VTB Africa (Commercial Bank)
  • Finibanco (Commercial Bank)
  • Novo Banco (Commercial Bank)
  • Banco de Poupança e Crédito S.A.R.L. (State Bank)
  • Banco de Comércio e Indústria (State Bank)
  • Banco de Desenvolvimento de Angola (State Bank)
  • BFA (Banco de Fomento Angolano (Foreign Bank)
  • Banco BIC, (Foreign Bank)
  • Caixa Angola (Foreign Bank)
  • Millennium–Atlantico Bank (Foreign Bank)
  • Standard Lesotho Bank (Private Bank)

Aadmi can support you with your expansion to Angola. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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