Algeria is the second biggest nation in Africa and the 10th nation on the globe. Algeria, with its people of more than 37000, hydrocarbon prosperity, growing infrastructure needs, and increasing customer product requirement, is gaining interest from companies all over the globe. U.S. companies continue to consider Algeria a growing and increasing market. Long-term economic difficulties include growing the economic system away from its dependency on hydrocarbon exports, improving the private industry, gaining international investment, and offering sufficient tasks for young Algerians. Algeria is a big player in the Africa region, not only because of its significant area but also because of its significant GDP.
Scroll down for more information on Company Formation in Algeria.
|Type||Limited Liability Company/Branch office|
|Under Algeria law, foreigners can own||100%|
|Memorandum and Articles of Association||Yes|
|Can the entity hire expatriate staff in Algeria||Yes|
|Statutory audit required||Yes|
|How long to open Corporate Bank Account||1 week|
|Timeframe to Incorporation||4-6 weeks|
|Annual Return||Must be filled|
|Annual Tax||Must be filled|
|Access to Algeria double tax treaties||Yes|