Company Formation in Central African Republic | IMC
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Central African Republic

SET UP A BUSINESS IN CENTRAL AFRICAN REPUBLIC

The Central African Republic is a landlocked country in Central Africa. It is bordered by Sudan to the northeast, Chad to the north, the Democratic Republic of the Congo, South Sudan to the east, and Cameroon to the west and the Republic of the Congo to the south. In 2001, the government established the Central African Investment Charter to stimulate private sector development by attracting domestic and international private investment. Foreign direct investments (FDI) are primarily in diamonds, gold, uranium, telecommunications and more recently in the hotel industry. Among new foreign investments recorded from 2007 through 2009.

Scroll down for more information on Company Formation in Central African Republic.

 Company Formation in Central African Republic

  • A Limited Liability Company can be wholly owned by a foreign investor with the minimum capital of FCFA 1,000,000 (USD 2,060.00) divided into shares which nominal value should not be under FCFA 5,000 (USD 1,030)
  • To setup an LLC in Central African Republic minimum one shareholder and minimum one director is required

Company Registration in Central African Republic – Licensing

  • Licensing in Central African Republic depends of the business practice. Sectors like banking, insurance, mobile telecommunication, oil & gas are subject to approval from the appropriate Ministries.

Accounting and Tax for Company Registered Central African Republic

  • Corporate tax rate is 30% and value added tax rate is 19%• Nonresidents are taxed on the income derived from the Central African Republic only.
Type Limited Liability Company/Branch office
Under Central African Republic
law, foreigners can own		 100%
Share Capital FCFA 1,000,000
Directors Minimum One
Shareholders Minimum One
Memorandum and Articles of
Association		 Yes
Can the entity hire expatriate staff in
Central African Republic		 Yes
Tax Registration Certificate required Yes
Statutory audit required No, but when the total balance sheet is
superior to FCFA 125,000,000; the staff superior
to 50 persons; annual turnover superior to FCFA
250.000.000, an external auditor must be appointed
Secretary No
How long to open Corporate Bank Account Subject to the bank due diligence
Timeframe to Incorporation 8 – 12 months
Annual Return Yes
Annual Tax Yes
Access to Central African Republic
double tax treaties		 Yes

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