Company Formation in Republic of Congo | Business Registration | IMC
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SET UP A BUSINESS IN REPUBLIC OF CONGO

The Democratic Republic of the Congo sometimes named to as DR Congo, DRC, Congo, is a country situated in the African Great Lakes region of Central Africa. It is the 2nd biggest country in Africa by area and the 11th biggest in the world. With a population of over 75 mn, the DR Congo is the 19th most populous nation in the world, the 4th most populous nation in Africa, as well as the most populous officially Francophone country.

The Democratic Republic of the Congo Government established a one stop solution know as The National Agency for Investment Promotion (ANAPI). ANAPI is, under the supervision of the Ministry of Planning.

 

Its missions are:

 

  • To improve the atmosphere of business in the DRC,
  • Improve an “investor-friendly” image of the DRC,
  • To promote investment opportunities in the DRC and the advantages for the investors,
  • Grant tax and customs incentives for investments that meet the required criteria within the Investment Code.
  • Offer a package of services to assist national and foreign investors, either public, private or both in all administrative matters related to their investments in order to facilitate the realization of their investments and their transfer to the DRC

 

Scroll down for more information on Company Formation in Republic of Congo

 COMPANY FORMATION IN REPUBLIC OF CONGO

  • An Limited Liability Company can wholly own by a foreigner with minimum one shareholder
  • It required a minimum share capital of $ 2,000 to establish an LLC in DR Congo
  • Nonresident need to obtain work permit to do business in Domestic Republic of Congo

COMPANY REGISTRATION IN REPUBLIC OF CONGO – LICENSING

  • Obtain business license from the Ministry of Economy
  • Obtain work permit from the Employment National Office by submitting a job offer letter

ACCOUNTING AND TAX FOR COMPANY REGISTERED IN REPUBLIC OF CONGO

  • Corporate tax rate is 40% and VAT is 16%
  • Capital gain tax rate is 35% and withholding on dividends 20%
  • Individual salary tax maximum 30%

TypeLimited Liability Company/Branch office
Under Democratic Republic of Congo law,
foreigners can own
100%
Share CapitalUSD 2000 
DirectorsMinimum One
ShareholdersMinimum One
Memorandum and Articles of
Association
Yes
Can the entity hire expatriate staff in Democratic Republic of CongoYes
Tax Registration Certificate requiredYes
Statutory audit requiredYes
SecretaryNo
How long to open Corporate Bank Account1 week
Timeframe to Incorporation4-6 weeks
Annual ReturnYes
Annual TaxYes
Access to Democratic Republic of Congo double tax treatiesYes
Access to Democratic Republic of Congo
double tax treaties
Yes but not in operational yet