The document outlines the process and requirements for forming different types of business entities in Senegal, including sole proprietorships, partnerships, limited liability companies (LLCs), and public limited liability companies (PLCs). To form any type of business, documents required include identity cards, criminal records, residence certificates, tax stamps, and passports. Registration fees range from 10,000 to 20,000 CFA francs depending on if a commercial name is included. Senegal's legal system consists of three levels - the Supreme Court, appeals courts, and regional/high courts. Common business structures are LLCs and PLCs, which require a minimum share capital, director(s), shareholder(

1. Sole proprietorship
Partnership
Limited Liability Company
Public Limited Liability
Company.
Two copies of government-issue Identity card
Details of criminal records of not less than 3 months old
A certificate of residence issued by a district manager,
police or a town hall of your place of residence
2000 FCFA Tax Stamp, two in number
Two copies of a valid Passport
A valid document indicating the place of residence issued
by the police department or nearest city hall
A criminal record from the country of origin not more than
three months old
2000 FCFA Tax Stamp, two in number.
Registration fees of 10,000 FCAF (sole proprietorship
with no names)
Registration fees of 20,000 (in the case of the name
included)
Registration fees of 10,000 FCAF for a commercial name
for booking with intellectual property body (OAPI)
The legitimate framework in Senegal is as a common plan
and passed by the national assembly. The legitimate
framework is involved three arms, including the Supreme
Court which is the most noteworthy in Senegal. The
following level is the court that offers guidance accounts
for auditing decisions conveyed by the lower courts on the
off chance that gatherings are not fulfilled.
The other degree of the lawful framework contains the
regional courts and the high court that get questions in the
principal occurrence.
There are several business forms that you can start while
in Senegal. Both foreigners and locals have equal
opportunities to start companies in the region without
citizen status restrictions.
In the same way, this is regarded as a large investment
commercial tool in Senegal and locally known as (SA). A
PLC constitution in Senegal requires that share capital of
$20,000. Just like an LLC, PLC, there should be an
appointment of at least one (1) director as well as one (1)
shareholder regardless of nationality.
The least c share capital to be provided should be $2,000.
Apart from meeting the above, the company has to present
articles of association and memorandum of understanding
to the authorities.
There should be a declaration of registration with the Tax
authorities, declaration of the registration by the Trade and
Personal Credit property (RCCM) and finally the
recordation of compliance with labor inspectorate. The
other requirements include the director’s identification
documents to accompany other establishing statutes of the
company.
The first thing to do, you need to visit the BCE regional
office in Senegal to present your intentions. They will advise
you on the required documents to start a sole
proprietorship firm.
The support body for the creation of all types of businesses
in Senegal is known as BCE (Business Support Creation
Office). It will take 24 hrs to a maximum of 5 days for one to
complete company formation in Senegal.
This is also known as SARL where the books of accounts
have to be kept under the provisions of the OHADA
accounting system and kept in French. Senegal LLC is
mandated to appoint a statutory auditor and present an
audit report on an annual basis. For the full operation of an
LLC in Senegal, there should be an appointment of at least
one (1) director as well as one (1) shareholder regardless of
nationality.
The least c share capital to be provided should be $2,000.
Apart from meeting the above, the company has to present
articles of association and memorandum of understanding
to the authorities.
Senegalese NationalS
Foreigner Nationals in Senegal
Liability
Step-By-Step
Process of Company
Formation IN
SENEGAL
Step-By-Step
Process of Company
Formation IN
SENEGALNever be disheartened that organization development in Senegal is longer or
monotonous, it is one of the least demanding and most limited legitimate
procedures ever. Senegal's financial status is classified as one of the dynamic
and developing each monetary year in the Africa.
Thank You For Reading How To Form A Company In Senegal. For More Information
On FORMING A COMPANY IN SENEGAL, Contact Us Today.
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