Timor-Leste - Register Business
ProcedureEdit
- Applicants will need to complete the Certificate of Uniqueness of Company Name form. This should be processed in a maximum of 2 days.
- The Application for Business Registration form must also be completed and submitted together with all other required documents.
- After the documents have been verified, applicants will be issued with a Receipt indicating the type of registration requested and the date that the applicant should return to the Public Registry Department to collect their Business Registration Certificate.
- After registering with the Public Registry Department, applicants will need to apply for a Taxpayer Identification Number (TIN) at the National Directorate of Domestic Revenue at the Ministry of Finance, located in Colmera. There is no cost to apply for a TIN.
- After the issuance of the Business Registration Certificate and the TIN, a Business License must be requested at the National Directorate for Domestic Commerce at the Ministry of Tourism, Commerce and Industry, located at the Fomento building in Mandarin.
Required DocumentsEdit
- Certificate of Uniqueness of Company Name
- Memorandum of Association and Articles of Association (in accordance with the Law)
- ID for each shareholder (in accordance with the Law)
- If any of the shareholders are a local company, proof of the Business Registration, a copy of the latest Articles of Association, and the Minutes stating the decision to establish/participate in the new company should be presented.
- If any of the shareholders are a foreign company, proof of the companys registration in the foreign country, a copy of the latest Articles of Association, and the Minutes stating the decision to establish/ participate in the new company in Timor-Leste should be presented. All documents must be notarised, legalised and translated into one of the official languages.
- Proof of paid share capital, in cash or in kind (if not mentioned and certified in the Articles of Association)
- Formal Declaration of the company members accepting the positions and responsibilities (if not mentioned in the Articles of Association)
- Proof of residency in Timor-Leste of at least 1 Administrator (Working Visa or Provisory or Permanent authorisation of Residency)
- Address of companys office (shown on a map)
- Power of Attorney for the legal representative (if applicable)
In addition to the above documents, applicants registering a Single Shareholder Limited Liability Company (Unip. Lda.) or a Limited Liability Company (Lda.) also need to submit the following:
- Proof of civil status of each shareholder (age of majority/emancipation and/ or marriage certificate)
- Tax Identification Number (TIN) of each shareholder (if it is not mentioned in the Memorandum of Association
Office Locations & ContactsEdit
Ministry of Justice
Avenida Jacinto Cndido
Dili - Timor Leste
gabinete@mj.gov.tl (Gabinete do Ministro da Justia)
it-mj@mj.gov.tl (comunicaes sobre o site Internet)
suporte@mj.gov.tl (Apoio Informtico)
Telephone Numbers:
LandLine: (+670) 7730-5734 - Informao Geral
Mobile: (+670) 7730-5734 - Gabinete do Ministro
National Directorate of Registry and Notary
Email: dnrn@mj.gov.tl
Telephone: (+670) 77230056, (+670) 3322454
VOIP 44031, 44032, 44033, 44034, 44035, 44036, 44037
EligibilityEdit
Provide eligibility criteria's for going through this procedure.
FeesEdit
Explain the fees structure which is required for obtaining the certificate/document.
ValidityEdit
Explain the time until which the certificate/document is valid. e.g. Birth Certificate Valid Forever
Documents to UseEdit
Please attach documents that can be used by people. e.g. links
Sample DocumentsEdit
Please attach sample completed documents that would help other people.
Processing TimeEdit
It will take about 5 working days for your application to be processed and for the Business Registration Certificate to be issued.
Related VideosEdit
Videos explaining the procedure or to fill the applications. Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites. Please remove the "&" inside the tags during implementation. Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, sevenload, viddler, vimeo, youku, youtube width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed. e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M".
InstructionsEdit
Types of Companies
- Single Shareholder Limited Liability Company (Unip. Lda.), with 1 shareholder, and share capital of a minimum of US$5,000 and maximum of US$500,000*.
- Limited Liability Company (Lda.), with a minimum of 2 and a maximum of 30 shareholders, and share capital of a minimum of US$5,000 and maximum of US$500,000*.
- Joint Stock Company (S.A.), with a minimum of 3 shareholders and minimum share capital of US$50,000.
Note: Any company with share capital above US$500,000 must be registered as a Joint Stock Company, in accordance with Art. 188 of Law No. 4/2004.
Application for business registration are processed at the Public Registry Department in the National Directorate for Registry and Notary of the Ministry of Justice, located beside the Dili District Court in Mandarin. Requests should be made Monday to Thursday, from 8:30am to 12:00pm
Required InformationEdit
A list which displays the kind of information which is required to complete the procedure. e.g. 1. Date of Birth. 2. City or County of Birth.
Need for the DocumentEdit
This procedure provides you information on how you can register a business in Timor-Leste.
Information which might helpEdit
The Business Registration process is regulated by Decree-Law No. 7/2006 (Commercial Registration Code).
Other uses of the Document/CertificateEdit
Benefits of registering your business:
- Registered and legalised companies can gain access to credit from banks, in case they need additional capitalization.
- Rights of the owners and employees are protected when a company is registered and legalised.
External LinksEdit
Business Registration Process - Pamphlet (PDF)
Ministry of Justice - National Directorate of Registry and Notary
OthersEdit
More information which might help people.