Mozambican Industrial Companies Must Submit Yearly ‘Proof of Life’ Until March 31

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Mozambican Industrial Companies Must Submit Yearly ‘Proof of Life’ Until March 31

6:48 CAT | 15 Jan 2016

In file Club of Mozambique.

The Ministry of Industry and Trade has announced that all industrial companies operating in Mozambique have until March 31 to update their registry entries. The measure aims to fill the information gap about companies which may have been licensed in the past but have now shut down.

The measure, intended to become routine, requires that ‘proof of life’ of entities in the industrial sector be submitted to the institution responsible for licensing by the end of March of each year, with penalties for failure to comply.

The obligation for mandatory update of licenses is contained in Decree No 22/2014 of 16 May, which approves the Industrial Activity Licensing Regulation.

“It just brings costs resulting from issuing the permit. A new aspect is that from this year, from January to March each year, the industry should go to the place where they were licensed to update the data. There is a free card that they will get there, and the idea here is to introduce a kind of ‘proof of life’,” a spokesperson at the National Industry Directorate explains.

Updates may also be done at the ‘Balcao de Atendimento Unico’ and district economic activities offices.

The new Regulation on Licensing of Industrial Activity updates the classification of industrial establishments into four large, small, medium and micro-sized categories, based on investment and number of employees.

But the biggest change in the latest regulations is that medium and small enterprises are exempt from project approval.

“Large industrial establishments still have to be approved – this brings some assurance with respect to deadlines. The licensing process for the authorization of a major project takes seven days, with a few days preparation,” the National Industry Directorate source explains.

Source: Jornal Notícias