Mozambique Politics, Economy, and Culture

Mozambique is an African country along the continent’s southeastern coast. The country has experienced civil war since the country gained independence in 1975 and is still suffering from a political conflict between the Frelimo party and the opposition party Renamo. Poverty remains a defining feature due to constant political tensions, violence, and rampant corruption. Mozambique is a former Portuguese colony with a rich and diverse culture. It is known for its variety of fresh seafood dishes and its traditional music such as marimba bands. The country is made up of seven tribes and ethnicities which have different customs and traditions. Tribal music is considered an important aspect of Mozambique’s culture and is played at traditional ceremonies and religious occasions. The main language is Portuguese, but Swahili, Bantu, and Arabic are also widely used. Roman Catholicism is the main religion in Mozambique.

2021
April 7Mozambican Woman’s Day
May 1May Day
June 25Independence Day
September 7Victory Day
September 25Armed Forces Day
October 4Peace and Reconciliation Day
December 25Family Day
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: N/A
  • Income Tax (Lowest Marginal Rate): N/A
  • Income Tax (Highest Marginal Rate): N/A
  • VAT/GST/Sales Tax: N/A
  • BancABC (Commercial Bank)
  • Banco Comercial e de Investimentos (BCI) (Commercial Bank)
  • Banco Mercantil e de Investimentos (BMI) (Commercial Bank)
  • Banco Nacional de Investimentos (BNI) (National Investment Bank) (Commercial Bank)
  • Banco Tchuma (Commercial Bank)
  • Banco Terra (Commercial Bank)
  • Banco Société Générale Moçambique (SGM) (Commercial Bank)
  • Banco Unico (Commercial Bank)
  • Barclays Bank (Commercial Bank)
  • First National Bank Mozambique (Commercial Bank)
  • First Capital Bank (FCB) (Commercial Bank)
  • Millennium BIM (BIM) (Commercial Bank)
  • Moza Banco (Commercial Bank)
  • Opportunity Bank Mozambique (Commercial Bank)
  • Procredit Bank (Commercial Bank)
  • Socremo Microfinance Bank (Commercial Bank)
  • Standard Bank (Commercial Bank)
  • United Bank for Africa (Commercial Bank)

Aadmi can support you with your expansion to Mozambique. 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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