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.
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 |