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.
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:
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
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.