Company registration in Mali

Name of service Bronze Silver Gold Platinum
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Nominal service for 1 year Registration of a company with nominal service and provision of nominees for 1 year. The price includes issuance of additional documents: power of attorney, trust documents and agreements
Total cost
1600 EUR 2100 EUR 3200 EUR 7400 EUR
Accounting services
190 EUR 190 EUR 190 EUR 190 EUR
Annual renewal (paid from the second year)
1500 EUR 2600 EUR 2600 EUR 6800 EUR

Action

If you will register a company until 30th of April ,
opening a bank account is for FREE

Start registration

Pricelist

6 steps

  • 1

    Choose a
    jurisdiction

  • 2

    Choose
    a bank

  • 3

    Pay for the service
    using suitable
    method

  • 4

    Receive credentials
    of your new
    company

  • 5

    Receive credentials of
    an opened bank
    account

  • 6

    Receive a package with
    documents delivered
    by DHL

This country participates fully in international conventions to promote transparency and safety of global business. It makes agreements for the avoidance of double taxation (it’s signed with Russia also), it included to GIABA, West Africa group that works against illegal laundering of money and OHADA, organizing of commercial right on the continent. Ministry of Finance and the government try to unmask an opinion that Mali is traditional offshore territory obliging enterprisers to inform them about the intentions to do business and controlling contract executions.

French speaking country that is located in West Africa doesn’t have an access to the ocean and has low social standard of living. But it has a lot of natural resources. The country actively mines gold (the 3rd place of value on the continent, it is the main source of income) and grows cotton. Mali actively imports external goods and products and generally works with China, Thailand and Morocco. It is an international organization of the countries AKT and gives the opportunity to non-resident enterprisers to do their business.

Special aspects of starting a business in the country

It is very convenient to register a company here as in your country

ООО — SARL (Société à ResponsabilitéLimitée). It takes about a month to open a firm and has eight stages. The official language of the country is French and all the documents must be filled using this language or you need to translate it. All the procedures for citizens or non-residents are similar to each other. People who are not citizens of this country just need to inform the government about the intention to set up the company.

If you plan to register a company in Mali you should remember that:

  • the procedure of preparation the documents, as governmental decree says, cannot go on more than three days;
  • to open foreign currency account you need to get special permission of Ministry of Finance and National bank of West Africa and then prolong it every year (according to ECOWAS);
  • before establishment of a firm you need to pay 100% of registered capital (1 million franks of KFA is minimum). You can pay through bank directly or through the notary.

How to set up a company

Registration of a company in Mali can be done through the unified service desk. Before submitting the documents need to be notarized in the local company. Local notary will make a statute, register all the papers, take the Stamp Duty and help in the court process. Also fixed payment (for minimum capital it will be 25 000 franks KFA) includes a payment for the work of notary, advertising about new firm in the official newspapers and payment of charges of the unified service desk.

The founders of the business can sigh written deposition (affidavit) that C-suite don’t have criminal history. If the capital is bigger than minimum there will be an extra payment 3%.

Then you will need

  • furnish two certificates that confirm no record of convictions of the director. You can receive it in court (even after registration). All you need is to show the copies of identity cards of each founder;
  • to pay stamp duty through the notary or representative of tax bureau;
  • register to pay taxes;
  • get a license and permission for doing business.

Then you need to send all the documents to the unified service desk and if all the documents were filled correctly the company will be registered in Commercial Registry. After this all the founders get identification number NINA and register in pension and social department.

To minimize difficulties connected with opening the firm in Mali, reach out to “Prifinance”. We will help you to get all the paperwork done and represent your interests.

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