Company registration in Central Africa:
Central African country with high diamond reserves, sufficient water, fertile soil, vast forests and lack of industrialization is a virgin market for investment in agricultural industries, wood products, services, electricity and jewelry.
Iran and Africa Business Club: “Central African Republic” has good advantages for investment and business activity in the old continent of Africa. This landlocked country is located in Central Africa, which has provided various opportunities for entrepreneurs in the field of investment and setting up industrial and commercial businesses. Politics in the Central African Republic is officially conducted within the framework of a semi-presidential republic and became independent from France in 1960.
Company registration in the Central African country
The first step to registering a company to do business in Central African Republic is to determine the business structure you want to adopt. The most common forms of business structures in Central African Republic are sole proprietorships, partnerships and limited liability companies. The most preferred form of business structure is the limited liability company because it offers better protection of the business owner’s personal assets.
1- Choose a brand name: Once you have decided on the business structure, the next step is to choose a unique brand name that has not already been registered with the Ministry of Trade and Commerce. The name must be in French and must not violate trademarks or copyrights.
2- Drafting the company’s articles of association: The next step is to prepare a draft of the articles of association, which should include the company’s name, business purpose, share capital, and shareholder information. The statute must be in French and comply with local laws and regulations.
3- Registration at the Ministry of Trade and Commerce: After drafting the articles of association, the next step is to register the company at the Ministry of Trade and Commerce. This includes presenting the articles of association, along with other required documents such as proof of address, identification documents of the founders, and payment of the registration fee.
4- Obtaining business licenses: Depending on the type of business, additional licenses and permits may be required. For example, if you are opening a restaurant, you need to get a health permit and license from the Ministry of Tourism.
5- Tax registration: Finally, you need to register for taxes at the Central African Republic Tax Office (DGI). This includes obtaining a Taxpayer Identification Number (TIN) and registering for VAT.
Educational migration to Central African
Work migration to Central African
Educational migration Central African
Work migration to Central African
To register the company, the following information are required:
1- The name of the proposed company
2- Description of business activities
3- Name, address, copy of passport and occupation of managers
4- Name, address and copy of passport for each shareholder
5- The number of shares to be issued to each shareholder
6- Details of the company secretary
7- Company details
8- Your name
11- Recommended company
12- Name of the new company
13- Commercial activities
14- The main country of the investor
15- Expressing an opinion
16- The confirmer
19- Date of birth
21- Address 1
22- Address 2
25- Postal code
1- Limited liability company (société à responsabilité limitée);
2- Public company (anonymous society);
3- Simplified joint-stock company (société par actions simplifée);
The sparsely populated and landlocked Central African Republic’s economy is primarily agricultural. A large part of the population is engaged in subsistence agriculture, and 55% of the country’s GDP comes from agriculture. Subsistence agriculture, along with forestry, forms the backbone of the Central African Republic (C.A.R) economy, with more than 70 percent of the population rural or in remote areas. The main agricultural and food products of Central Africa are cassava, peanuts, sorghum (forage), millet, corn, sesame, and plantain, and cotton, coffee, and tobacco products are among the exported agricultural products of Central Africa. Timber accounts for about 16% of the export income and the diamond industry accounts for nearly 54%. According to the United Nations, the Central African Republic is one of the least developed countries.
The existence of Ubangi River in this country has made it possible to sail in some seasons of the year.
A major part of the country’s electricity supply is provided by hydropower plants. Fuel supplies must be transported via the Ubangi River or overland through Cameroon, leading to frequent shortages of gasoline, diesel, and jet fuel. C.A.R’s transportation and communication network is limited. This country has only 429 kilometers of asphalted roads, limited international and no domestic air and railway services. The Ubangi River is impassable from April to July, and conflict in the region has sometimes prevented cargo from moving between Kinshasa and Bangui. The phone system works, though incomplete. Four radio stations operate in the C.A.R as well as one television station. Several newspapers and pamphlets are published regularly and an Internet access and supply company is active in this country.
The country is rich in natural resources but largely untapped. Meanwhile, forestry plays an important role in the economy of C.A.R (Central African Republic). In 2014, the country exported $59.3 million worth of forest products. This figure accounts for 40% of the total export income
This country has rich natural resources in the form of diamonds, gold, uranium and other minerals. Diamond is one of the most important exports of Central Africa, which often accounts for 20-30% of export earnings. But it is estimated that 30 to 50 percent of the diamonds produced each year are smuggled out of the country. Experts believe that oil reserves may also exist in Central Africa along the northern border with Chad (two billion barrels of oil are available in private estimates).
Industry accounts for less than 20% of the Central African country’s GDP, with artesian diamond mining, breweries, and sawmills making up the bulk of the sector. Services also account for 25% of GDP, mainly due to high government bureaucracy and transport costs due to the country’s landlocked location.
Registering a business in the Central African Republic can be a bit challenging, but with the right guidance, it can be easily accomplished. The Iran and Africa Business Club is ready to help you enter the Central African country, the land of jungle and diamonds. You can get advice from us by visiting the legal and commercial department of the Iran and Africa Business Club and our experts will answer your questions and assist you in this virgin and untouched market.