Legal Market Overview
2021 saw Mozambique still recovering from both the Covid-19 pandemic and internal conflicts in the north of the country. As a result, some projects were suspended or put on hold, though there has been renewed interest, particularly in the area of energy transfer, with new investment into green energy coming into the country in the form of on and offshore wind and solar power.
Changes to competition legislation have seen the country’s Competition Regulatory Authority (CRA) become operational, signalling a growing maturity in the business environment. Further changes to compliance, competition, merger control and related matters are expected.
There have also been changes to investment laws, following the adaptation of the Investment Law Regulation, providing a new institutional framework for investment processes for domestic and foreign investors, creating the Agency for the Promotion of Investment and Exports (APIEX). The new minimum investment amount for foreign direct investment has been increased to MZN 7,500,000.00. In addition, the new minimum value of annual exports of goods and services has been increased to MZN 4,500,000.00
With a strong domestic legal market, local firms are key in advising on matters within the region, with many maintaining associations with Portuguese, Iberian or international firms. Key domestic players include Couto, Graça e Associados Limitada (CGA) and SAL & Caldeira Advogados, Lda. International firms with a strong presence include Linklaters, VdA, and others.