Subject to reciprocity, foreign auditing/accounting firms and qualified foreign accountants/auditors can register with OCAM for the purposing of undertaking auditing and accounting activities in Mozambique.
"CHAPTER IV - Societies of Certified Accountants and Certified Auditors
Section I - Common Provisions
Article 49 (Requirements, registration and regime)
1. Enrollment in the OCAM of Societies of Certified Accountants and Certified Auditors implies the verification of the following assumptions:
a) control of the company by partners who hold the professional category of Certified Accountants or Certified Auditors, or are foreign companies recognized as Societies of Certified Accountants or Certified Auditors in their country of origin and with representation in Mozambican territory, on a reciprocal basis .
b) holding of a qualified majority of the capital by the members referred to in the preceding paragraph, by associate members or by non-national companies that perform the functions proper to a company of Certified Accountants or Certified Auditors in their country of origin.
2. The companies referred to in the previous number are subject to the mandatory registration regime with OCAM, through the deposit of a full copy of the respective statutes.
3. Enrollment with OCAM under the terms of the previous number is a necessary condition for the company to exercise functions specific to the professional categories of Certified Accountant and Certified Auditor throughout the national territory.
4. Acts relating to the exercise of the accounting profession performed by companies that are not members of OCAM are null and void.
[...]
CHAPTER V - Access to the profession
Section I - Common Provisions
Article 51 (General requirements)
The following are general requirements for registration as an effective member of OCAM, without prejudice to the special rules relating to the registration process during the transitional period regulated in Chapter VIII:
a) be of Mozambican nationality or, being a foreigner, have permission to work in the country or be a member of Certified Accountants or Audit Firms Certificates established in the country for more than one year, as well as proof of knowledge of the Portuguese language and of fiscal and commercial law of the Republic of Mozambique, under the terms defined by OCAM; b) have the technical capacity to exercise the profession; c) not have been convicted of an intentional crime, namely of a fiscal, economic or financial nature, unless rehabilitation has been granted; d) not be inhibited or prohibited from exercising the profession.
[...]
Section II - Certified Accountants
Article 53 (Specific registration requirements) [...]
4. As long as they meet the general requirements set out in article 51, the following may also register as Certified Accountants:
a) Mozambicans licensed abroad who hold an equivalent professional qualification certified by a regulatory body for the profession in the State in question, being exempt from the examination provided for in paragraph 1 for this purpose.
b) nationals of any member state of SADC, CPLP or Commonwealth, who hold an equivalent professional qualification certified by a regulatory body for the profession in the state in question, and are also exempt from the examination provided for in paragraph 1;
c) nationals of any other State, under the conditions set out in the preceding paragraphs, provided that there is reciprocity of treatment.
[...]
Section III - Certified Auditors
Article 54 (Specific registration requirements)
1. Enrollment in OCAM as a Certified Auditor implies passing an admission exam, under the terms regulated by the respective College. [...]
5. As long as they meet the general requirements set out in article 51, they can also register as Certified Auditors, exempting from internships and admission exams:
a) Mozambicans licensed abroad who hold an equivalent professional qualification certified by a regulatory body for the profession in the country in question, being exempt from the examination provided for in the
no. 1;
b) nationals of any member state of SADC, CPLP or Commonwealth, who hold an equivalent professional qualification certified by a regulatory body for the profession in the state in question, and are also exempt from the examination provided for in paragraph 1;
c) nationals of any other State, under the conditions set out in the preceding paragraphs, provided that there is reciprocity of treatment.[...]" (Law no. 8/2012: Creates the Order of Accountants and Auditors of Mozambique and approves its Statute [google translation])
Law no. 8/2012: Creates the Order of Accountants and Auditors of Mozambique and approves its Statute [google translation]
[<a href="https://gazettes.africa/archive/mz/2012/mz-government-gazette-series-i-dated-2012-02-08-no-6.pdf">Law</a>]