Regulatory Alerts2022-05-25
Decree-Law No. 1/2022 of May 25 Approving the Commercial Code
The Council of Ministers, approved by the President of the Republic, enacted Decree-Law No. 1/2022 to fully revise and approve Mozambique's Commercial Code, establishing updated classifications for micro, small, medium, and large enterprises based on employee count, business volume, and industrial investment. The legislation mandates the mandatory conversion of bearer securities into nominal form within six months through transparent administrative procedures and updates key provisions in the Civil Procedure and Securities Market Codes to align with regional and international commercial standards. It further repeals outdated legal provisions, establishes transitional publication rules for corporate acts, and sets a 120-day post-publication entry into force period to modernize the private sector's regulatory framework.