BUSINESS REGISTRATION PROCEDURES
Knowing different types of company and entrepreneurs in Timor-LesteView Our Business Types
Dili, January 6th, 2023, Executive Director of SERVE,I.P., Mr. Florêncio da Conceição Sanches, participates in the ceremony of inauguration of […]
SERVE,I.P. Publicated on 06/01/2023
Dili, 28th of December 2022, His Excellency Coordinating Minister of Economic Affairs (MCAE), Mr. Eng. Joaquim Amaral, officially launches the […]
SERVE,I.P. Publicated on 29/12/2022
Dili, 27th of December 2022, Executive Director of SERVE,IP, Mr. Florêncio da Conceição Sanches, was part of the socialization team […]
SERVE,I.P. Publicated on 28/12/2022
December 22nd, 2022, Executive Director SERVE,IP, Mr. Florêncio da Conceição Sanches, participates in the national market for the promotion of […]
SERVE,I.P. Publicated on 23/12/2022
Dili, 24/11/2022, Executive Director of SERVE, I.P. accompanied by his work team, held a coordination meeting with AIFAESA to discuss […]
SERVE,I.P. Publicated on 24/11/2022
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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