BUSINESS REGISTRATION PROCEDURES
Knowing different types of company and entrepreneurs in Timor-Leste
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Single Shareholder
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Joint Stock
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SERVE,I.P. as a member of the national commercial facilitation committee, participates in the meeting held by the World Bank on […]
SERVE,I.P. Publicated on 12/04/2024
SERVE, I.P. as a working member of the TIP Steering Committee group, participated in the launching of the commercial information […]
SERVE,I.P. Publicated on 12/04/2024
SERVE, I.P. was part of the joint inspection composed by PNTL, AIFAESA and the Ministry of Health, led by the […]
SERVE,I.P. Publicated on 08/04/2024
His Excellency Francisco Kabuady Lay, Deputy Prime Minister, Coordinating Minister for Economic Affairs, Minister of Tourism and Environment, together with […]
SERVE,I.P. Publicated on 04/04/2024
SERVE, I.P., AIFAESA and IADE held a coordination meeting with H.E. Secretary of State for Livestock to discuss joint work […]
SERVE,I.P. Publicated on 02/04/2024
Yes, it is. Foreigners can own businesses and company up to 100% of shares, except petroleum and media communication that foreigners could own less than 100% of shares. Foreign business entity or it shareholders are allowed to own or subsidiary other business entity in Timor-Leste.
There are 6 types and character of business and companies as follows:
Please refer to the business types section.
Foreigners are allow to be member of board of the Director if she/he holds Working Visa or Permanent Residence Visa
If not, one of the member of the board of Director or Administration Council can be anyone with any citizen that holds Working Visa or Permanent Residence Visa.
The minimum share capital for the businesses or companies is US$ 1.00 and there is no maximum limit and for the Joint Stock Company the minimum value is US$ 50,000.00 and there is no maximum limit and the cost for the share is US$ 1.00 each, and while for Foreign Branch or Permanent Representative, the minimum share capital is US$ 5,000.00 and there is also no maximum limit. The share capital value is in accordance with New Law of the Company Act N. 10/2017, 17 of May.
The registration process may take 1 to 5 days and this is in accordance with the article 25.º – Deadline in the Decree-Law (DL) n. 16/2017, 17 of May – Business Registration and the registration process is free of charge.
SERVE,I.P. can be contacted via:
Please refer to Tax Law n. 8/2008, 30 of June by visiting www.mof.gov.tl at Ministry of Finance of Timor-Leste.
Certificate TL.CR to confirm Authoritative Legal Entity Identifier Prefix (ALEI) published in the Companies Register (CR) maintened by the country of Timor-Leste (TL). Awarded on 19-06-2022.
Appreciation of International Finance Corporation ( IFC ) between 100 best service agencies in the world. Awarded on 12-12-2014.
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