Company registration in Chad

Chad is a landlocked country in Central Africa and its currency is CFA franc. Although, in the 1960s, sodium carbonate or natron mining had started in this country and there were reports of gold-bearing quartz in Biltin province. But in the years when the civil war started in this country, investment in the mining of this country also stopped and some people left Chad between 1979 and 1982. However, since 2000, the recovery of confidence in the improvement of conditions in this country has begun and major foreign direct investment in the oil sector is one of these examples in a way that strengthened Chad’s future economic prospects. In order to encourage and support foreign investment, Chad seeks to develop and focus on profitable programs.

Company registration in Chad

Before setting up your company in Chad, there are a few things to consider. First, it is important to know your location, as it can affect your costs and decision. Choosing an office in Chad in a location that is suitable for foreign investment will help you achieve your goals better. Another important aspect of setting up and registering is choosing the right type of company to register, your options include a limited liability company (LLC), Joint Stock Company, branch and representative office. Many companies choose to use an LLC structure because it provides benefits for all parties. Chad’s business and investment climate remains challenging and is affected by poor transportation infrastructure, a lack of skilled labor, minimal and unreliable electricity supply, poor contract enforcement, corruption, and tax burdens on private companies. However, the International Monetary Fund and the World Bank are implementing programs in Chad to improve governance, increase transparency and reduce domestic arrears.

Advantages of registering a company in Chad

1- Establishing a subsidiary gives you the advantage of eventually working in Chad.

2- Choosing an LLC helps you operate your subsidiary separately from the parent company while protecting the parent company from any lawsuits or fines.

3- The business environment in Chad is quite attractive and full of investment opportunities, especially compared to other African countries.

4- The second safe and stable rank compared to other African countries.

5- Chad’s economy is relatively small, but stable and growing. With GDP growth of 5.9 percent last year and an expected 6.3 percent next year, market analysts consider it one of Africa’s best performing economies right now.

6- Chad is an untouched and virgin market.

7- The continuous development of Chad offers opportunities for medium and large projects in oil exploration, electricity generation and distribution (especially solar), mining, livestock, trade, agriculture, telecommunications and infrastructure.

8- Chad is a member of CEMAC and OHADA

9- Chadian law protects businesses from nationalization and expropriation, except when expropriation is in the public interest.

Types of immigration to Chad

Working immigration to Chad

Educational immigration to Chad

Immigrate to Chad to invest

Immigration to Chad through birth

Tourist immigration to Chad

Immigrate to Chad through investment

Company registration in Chad by the Iran and Africa Business Club

Types of companies in Chad

1- Limited Liability Company (LLC/SARL)

2- Public joint stock company (PLC – SA)

3- Partnership company (SNC)

4- Limited Partnership (Société en Commandite Simple – SCS)

Procedures for company registration in Chad

1- Copy of the statute

2- Taking the decision of the general assembly or the decision of the board of directors

3- Providing identity documents of all managers and owners of the company

4- Presenting criminal records or a certificate of non-bad background of executives and owners

5- Obtaining a residence permit

6- Obtaining a lease or the title of your property

7- Taking three color photographs of the executive director

8- Payment of notary and registration fees

Chad's economy

Chad’s economy has recorded decent growth through recent developments in the oil sector. Since the opening of the Chad-Cameroon pipeline, oil seems to become the country’s main foreign exchange earner. The government has made efforts to ensure proper use of oil revenues and avoid mistakes made by other oil-rich countries. Cotton and livestock are also important export products of Chad, while agriculture accounts for approximately 38% of the country’s total gross domestic product (GDP). Considering all these positive economic indicators, Chad attracted about 200 million dollars of foreign direct investment in 2019, and investment in the oil sector has increased. Although Chad has become largely self-sufficient in most of its food needs, food still accounts for the majority of the country’s imports. Other major imported products include machinery and transportation equipment and industrial goods. Even though Chad is one of the oil producers, it is still considered as one of the importers of oil products. According to recent reports, this country imports nearly 35 million dollars of fuel and energy annually, which are imported from countries such as Nigeria, France, Cameroon and India.

Types of immigration to Chad

Despite the many challenges that exist in Chad, according to the statistics of the World Bank, the country of Chad ranked 84th in 2020 in terms of ease of doing business. And this country has the lowest electricity price in the world.

It is interesting to know that the government of Chad is doing its best for economic and scientific progress in the world and has provided a platform for international students so that this country can enjoy good scientific, economic and research progress in the world.

It is worth mentioning that this country has many natural resources and is rich in gold resources (about fourteen percent of the world’s gold). This country is one of the largest producers of oil in the world, and it has natural resources and precious stones. . And also in the agricultural sector, it is the second producer in industrial cultivation.

This country alone is self-sufficient in all matters and has exported a lot of food to other countries, all of which show that Chad is not only suitable for studying and working in the world. Rather, it is considered a suitable destination for foreign investors and attracts many investors every year.

Finally, our suggestion for you, dear ones, is that if you intend to invest in Chad, you can take action from less risky routes because investing and registering a company in foreign countries has a high risk. And if there is a problem, unfortunately, your business will suffer.

Now the question arises, what are the low-risk routes at first? Easy and less risky suggestions such as: immigrate to this country by studying in Chad. And after that, you can register a company with less capital by being present in this country and considering the conditions of the government of this country, which is always interested in attracting foreign capital.

At the end

How to set up a company in Chad is a difficult task for those who do not know the laws of this country and its political and administrative structure, but we at Iran and Africa Business Club try to provide you with our experiences. In order to register the company with minimum cost, we manage the administrative procedures and the time of the registration procedures and help you in the management and operation of the company in Chad and other African countries in different ways. You can fill out the application form for legal and business advice of the Iran and Africa Business Club so that our colleagues will contact you.

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Additional country information

Equatorial Guinea is a land of economic opportunities / How to register a company in the oil country of Equatorial Guinea / what business is required in this country

2023-08-01

Company registration in Chad

Company registration in Chad

Advantages of registering a company in Chad

Types of immigration to Chad

Company registration in Chad by the Iran and Africa Business Club

Types of companies in Chad

Procedures for company registration in Chad

Chad's economy

Types of immigration to Chad

At the end

Legal advice request form

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