Company Formation in Central African Republic | IMC
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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

  • An 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.

TypeLimited Liability Company/Branch office
Under Central African Republic
law, foreigners can own
100%
Share CapitalFCFA 1,000,000
DirectorsMinimum One
ShareholdersMinimum One
Memorandum and Articles of
Association
Yes
Can the entity hire expatriate staff in
Central African Republic
Yes
Tax Registration Certificate requiredYes
Statutory audit requiredNo, 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
SecretaryNo
How long to open Corporate Bank AccountSubject to the bank due diligence
Timeframe to Incorporation8 – 12 months
Annual ReturnYes
Annual TaxYes
Access to Central African Republic
double tax treaties
Yes