Dili, April 18, 2023, Business Registration Supervisor, Ms. Noemia Amaral, together with the work team and on behalf of the […]
SERVE,I.P. Publicated on 24/04/2023
Lautém, November 12, 2023, Executive Director of SERVE,IP, Mr. Florêncio da Conceição Sanches, spoke at the socialization event of the […]
SERVE,I.P. Publicated on 14/04/2023
Dili, April 11, 2023, SERVE,I.P. Senior Supervisor, Ms. Ana Jeannie Cortereal, in representing of Executive Director, and the team, held […]
SERVE,I.P. Publicated on 12/04/2023
Aileu, March 31, 2023, the working team for Timor-Leste’s accession to the World Trade Organization (WTO), which includes the Executive […]
SERVE,I.P. Publicated on 05/04/2023
Dili, March 30, 2023, Executive Director of SERVE, I.P., Mr. Florêncio da Conceição Sanches, and the work team, participate in […]
SERVE,I.P. Publicated on 03/04/2023
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:
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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