Registration of companies in Africa

Country of incorporation Registration fee
Algeria
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Оn request
Angola
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On request
Benin
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1900 USD
Botswana
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On request
Cabo Verde
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1200 EUR
Cameroon
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On request
Djibouti
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Оn request
Egypt
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3100 USD
Ghana
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3600 USD
Kenya
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1800 USD
Lesotho
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On request
Liberia
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On request
Libya
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Оn request
Madagascar
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On request
Mali
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1600 EUR
Mauritius (GBC-1)
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1900 USD
Morocco
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1800 USD
Namibia
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On request
Nigeria
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2990 EUR
Rwanda
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1500 USD
Senegal
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1700 USD
Seychelles
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550 USD
Sierra Leone
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On request
South-Africa
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1400 USD
Sudan
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Оn request
Tanzania
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1990 EUR
Togo
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1900 USD
Uganda
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1800 USD
Zambia
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2900 USD
Zimbabwe
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2800 USD

Testimonials

Letters of recommendations

Africa is a promising region for doing business in many industries and commerce. The area is rich in minerals and has a favorable climate. At least 15 African countries are potentially profitable for foreign investors to do business in.

The region's advantages

If you plan to buy a company in Africa or start a new one, the following benefits may become available:

  • a simple procedure of purchasing and establishing legal entities
  • low costs connected with the employment of employees
  • equal conditions for foreign investors and local citizens
  • well-developed infrastructure
  • privileges and benefits of special programs in some industries
  • absence of currency control in some countries

Business forms

If you plan to register a business in Africa or buy an existing one, you can do the task in one of the following forms:

  • A private limited liability company is a legal entity whose participants' liability is limited to the amount of the unpaid portion of the investment. In liquidating such a legal entity, the participant does not risk losing more than the money invested. The number of participants is limited to an upper limit, and there are restrictions on the transfer of shares to third parties. These shares also cannot be freely offered to third parties. Restrictions on the transfer of shares are not only stipulated by law but must also be described in detail in the founding documents.
  • A public company (corporation) is a legal entity whose participants are not liable beyond the number of shares held. Such shares can be freely alienated and offered to third parties. The shares can be listed on the stock exchange. A legal entity of this type is created to attract external financing. The number of participants is not limited.
  • Partnership with full responsibility is a form of joint business of several persons based on the contract under which the participants are fully responsible for the results of joint activities.
  • Limited Liability Partnership is a form of joint business conduct by several persons in which (1) one or more partners are wholly liable and carry out the day-to-day management of joint business activities and (2) one or more partners are liable, which is limited to the number of funds invested, but who do not participate in the management of the partnership.
  • A branch is a business option available to a foreign company. To open a branch, registration in the chosen jurisdiction is required, and there are some restrictions - a foreign legal entity that has opened a branch can only engage in those activities carried out in the country of creation.
  • A representative office is an option under which a foreign legal entity must register in the selected jurisdiction without the right to carry out commercial activities in that country. By registering a representative office, the foreign legal entity can only carry out activities aimed at promoting goods/services and collecting information about the local markets.

The choice of a particular legal form depends on the commercial objectives. Prifinance lawyers will be happy to analyze the matter, selecting the appropriate jurisdiction and form for starting a business in Africa.

Registration procedure

The creation of a legal entity encompasses some interrelated stages:

  1. Formulation of commercial goals that you plan to implement.
  2. Selection of jurisdiction and legal form.
  3. Collection of information on the founders, beneficiaries, and future managers.
  4. Selection, verification, and reservation of the name.
  5. Search and registration of the legal address.
  6. Formation of the share capital.
  7. Drafting and execution of constituent and registration documents.
  8. Filing package of documents for registration with the payment of the required fees.
  9. Registration for tax purposes and hiring employees.
  10. Opening a corporate bank account.
  11. Obtaining additional permits and licenses that local laws require for certain operations.

Prifinance lawyers prepare a plan of action for each specific case, taking into account its peculiarities, draft and execute all necessary documents, submit them for consideration, conduct the registration procedure, and accompany the activity of a legal entity in the future. Please provide detailed information for individual consultation on the creation or purchase of a legal entity.

Legislation and regulatory environment

The legislation is modeled on European countries, as well as on common law countries. To a large extent, the influence of a specific law system is determined by the period when the territory was a colony of a particular state. In the countries of the region, local customs have considerable influence.

In most of the jurisdictions of the region, the legislation provides foreign investors with the same conditions for doing business as the local citizens. Opening a legal entity, however, is associated with compliance with several formal legal requirements, which can prolong the process.

Some jurisdictions have taken measures to improve corporate law and adapt to Western standards: a reduced list of requirements, the possibility of remote registration of legal entities, etc.

The functions of registration and licensing are usually delegated to separate state bodies. In some cases, the permission of local authorities may also be required. Aspects of regulatory law vary depending on the jurisdiction chosen. You can read more about the nuances of regulation in each jurisdiction in the relevant sections. The lawyers of Prifinance will be glad to provide detailed advice on the legislation, including regulatory law, in the jurisdiction of interest.

Tax aspects

Tax rates vary depending on the jurisdiction in which you plan to start your business. Common types of taxes to pay:

  • corporation tax
  • income tax
  • tax deducted at source (dividends, interest, royalties)
  • value-added tax (VAT)
  • capital gains tax

Prifinance lawyers will advise in detail on the calculation and payment of taxes.

How Prifinance lawyers can help

Prifinance lawyers select solutions for business registration in Africa and other regions: they develop an action plan, draft and execute documents, negotiate with local state authorities, open bank accounts, and accompany a legal entity in the process of further activities.

Cooperation
Our partners
PRIFINANCE COMPANY
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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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