Dili, January 20, 2023, the Executive Director of SERVE,IP, Mr. Florêncio da Conceição Sanches, participates in the closing of the […]
SERVE,I.P. Publicated on 21/01/2023
Dili, January 19th, 2023, Executive Director of SERVE,I.P., Mr. Florencio da Conceição Sanches, participates in the meeting about the position […]
SERVE,I.P. Publicated on 20/01/2023
Dili, January 19th, 2023, Executive Director of SERVE,IP, Mr. Florêncio da Conceição Sanches, was present at the meeting of advertising […]
SERVE,I.P. Publicated on 19/01/2023
Dili, January 18, 2023, Executive Director of SERVE,IP, Mr. Florêncio da Conceição Sanches, as a member of the technical group […]
SERVE,I.P. Publicated on 18/01/2023
Dili, January 17th, 2023, Executive Director of SERVE,IP, Mr. Florêncio da Conceição Sanches, shares information about the role of SERVE,I.P. […]
SERVE,I.P. Publicated on 17/01/2023
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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