Mozambique
Corporate Guide

Are there any filing requirements for a change of directors or a change in shareholding in Mozambique?

Generally, there is no filing requirement for the change of directors, excluding the decision of the relevant corporate body for the purpose. However, depending on the sector of activity, the final approval of the appointed directors may be subject to the decision of the regulator, as is the case with credit institutions and financial companies.

With regards to the change in shareholders, the filling requirement will depend on the sector of activity of the company, given that for some sectors of activity, such as banking and finance, insurance and mining, amongst others, the change is subject to prior approval.

Furthermore, the intended change in shareholding may lead to a filling requirement before the Mozambican Competition Authority, based on the provisions of the competition legislation, under which it is considered that the intended change falls within the thresholds established in the law for a filling requirement.