The Democratic Republic of Timor-Leste is a sovereign state on the eastern half of the island of Timor and a few nearby islands. East Timor is a semi-presidential constitutional republic, with the president as head of state. Local currency is the US-Dollar (USD), the official languages are Tetum and Portuguese. East Timor is a member of the United Nations (UN), the Comunidade dos Países de Língua Portuguesa (CPLP) and other international organisations.
East Timor's economy was damaged substantially by wars, the country ranks as one of the poorest and least developed countries in the world ever since 2004. In recent years, the country's GDP-level has been on a steady rise due to their natural resources. East Timor has reservoirs of gold, platinum, petrol and petrol gas. Agriculture employs roughly 64% of the working population. According to international evaluations, East Timor is heavily dependent on the petrol prices. A few of the country's largest problems are the underdeveloped infrastructure and the lack of proper education.
The legal system is currently undergoing reformations.
Corporate practice is regulated in the Companies Act of 2017, the Law on the Commercial Register of 2017 and other legal statutes.
Main types of businesses:
- Sociedade por quotas de responsabilidade limitada – “LDA.” – Limited liability company
- Sociedade anônima – “S.A.” - Joint-stock company
- Sociedade unipessoal limitada – “Unip. LDA.” – One-man company
Additionally, registered merchants may operate in East Timor.
The Serviço de Registo e Verificação Empresarial (SERVE) is responsible for registration in the commercial register. It was established in 2012 and was provided with the required technical equipment by the World Bank.
Contents of the commercial register of East Timor:
- Full legal name
- Current status
- Registration date
- Full address
- Director and proprietors
- Registered capital,
- Type of business
- Further information
NB: Information about some companies may be unavailable, or available for a fee.
Search in the register is not free of charge. Search results are sent to you within 7-14 days after request submission.
An extract from the business register of East Timor can be used in order to:
- Obtain detailed information about potential business partners
- Negotiate foreign trade agreements
- File legal claims
Legalization of extracts from East Timor
East Timor did not accede to The Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents in 1966. Therefore, all east timorese documents are subject to legalization.
You can order free preliminary availability check of required information on our website.
|Service||Price incl. German VAT 19%||Price excl. VAT|
|Price for an Electronic Extract from East Timor||from 119,00 €||from 100,00 €|
|Price for the translation of an Extract from East Timor||from 47,06 €||from 35,00 €|
|Price for an Extract with Apostille without international shipping||from 714,00 €||from 600,00 €|