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23 April 2024in Iberian Lawyer Rui Andrade comments on investment opportunities in Angola

The April issue of Iberian Lawyer magazine features an article analysing the legal services market and its relations with Angola and Portugal, as well as the opportunities for foreign investors.

As well as analysing opportunities for foreign investors, Iberian Lawyer hears from some of the leading experts in their legal field and with know-how of the Angolan legal market. Our partner  Rui Andrade  was one of the experts interviewed.

Rui Andrade refers the historical connection between Angola and Portugal which, “fostered a sense of familiarity and trust, and gave rise to a robust network of businesses, professionals, and institutions and made Portugal a preferred entry point for international clients seeking to do business in Angola”. Andrade adds that”, Portuguese companies and entrepreneurs have established strong footholds in various sectors of the Angolan economy, including construction, telecommunications, banking, and energy”. The lawyer concludes, “in addition, Portugal and Angola share similar legal systems, business practices, and corporate, which facilitate cross-border transactions and
investments”.
When asked about his overall advice to someone thinking of doing business in Angola in the future, the insight was positive but with some caution. Rui Andrade focused on
more of a practical nature rather than legal. He says it is critical to choose your local partner very carefully. “Trust is a precious commodity in the country”, he affirms.