Those looking to expand their business or launch a startup in Africa, Burundi is an independent country in East Africa. This country shares borders with Congo, Rwanda and Tanzania. Burundi is a landlocked country and one of the six member countries of the East African Community (EAC). It is a member of the Group of 77, the African Union, the ACP International Organization and the African Development Bank. Its trade relations with EU member countries are for the export of coffee, tea, cotton and leather products. The official languages are French and Kirundi, while Franc (BIF) is the national currency of the country.
The Government of Burundi (GoB) is trying to increase the attraction of foreign investment. Several initiatives to modernize and diversify agricultural production, construction of power plants (Giji and Mulombwe hydropower plants already built), and improving access to Bujumbura port are currently underway. And the development and increase of regional trade by developing the transportation network and improving the quality of human resources is on the agenda of this country.
To encourage foreign direct investment, members of the executive branch have granted significant discretionary exemptions to foreign private companies since 2008 through presidential decree or ministerial order.
Normally, the corporate tax in Burundi is calculated at 30% and exemptions are considered for companies that employ a certain number of Burundian nationals.
One of the ways to immigrate to Burundi is to register a company in this country. Burundi is a developed and safe place for investors who want to establish and start a business. People who intend to obtain residence in Burundi can obtain residence in this country through a Burundi work visa and also through a Burundi study visa. But for those who intend to invest in Burundi, they can achieve their goal through the registration of the company in this country. In order to register a company in Burundi, it is necessary for a person to fully familiarize himself with the economic conditions and labor market of this country. The market of Burundi is one of the most complex emerging markets and has a suitable and significant rank in the world in terms of economy and finance.
Registering a company and creating a business in Burundi and investing in this country is more suitable for people who are financially at a high level. People who intend to invest and register a company in Burundi should collect their information in the field of buying property, living expenses, businesses in this country, etc. For this reason, our dear ones who are planning to establish a company in Burundi and also invest in this country. Before taking any action, we suggest that you go to Burundi through a tourist visa and get to know the economic conditions, labor markets, living conditions, food and clothing costs and all aspects of work and life there.
Investment migration to Burundi
Work migration to Burundi
Educational migration to Burundi
Migration through marriage to Burundi
Immigrate to Burundi by birth
1- Economic activities and the flow of aid have increased as a result of political stability and the end of the civil war.
2- This country has made significant progress in the implementation of fundamental reforms in the management of public finances and the protection of the central bank and treasury.
3- Industrial production in Burundi is still growing.
4- Systematic research and development has been carried out regarding the protection of agricultural food
5- Opportunities created in the construction sector, including glass doors and windows, metal rods, tiles, materials and cement, etc.
6- Almost all consumer goods are imported and there are many opportunities in all imported industries for this country.
7- The tax regime in Burundi is quite direct and the tax rate for personal income is between 0% and 30%, company tax is 30% and VAT is 18%.
8- Foreigners can own 100% of their registered companies.
1- Confirmation of the company name – The company name must be officially approved by the Companies Registration Office.
2- Preparation of legal documents – legal documents usually include memorandum and articles of association. The Articles of Association describe the internal procedures by which the company is governed under the relevant Companies Act.
3- Registered Office / Registered Agent – We provide a registered office address in the country of registration. This legal address is a requirement and is shown in public records.
4 – Certificate of Establishment – After all the documents have been properly submitted to the registry office, a certificate of incorporation will be issued for your new company. The company certificate confirms the company registration and includes the company name, company registration number and establishment date.
5- Registered company – Now your company is registered according to your specifications and the registration documents are sent to you and your company is ready to start business.
6- Introducing the secretary of the company
1- Name of the proposed company
2- Description of business activities
3- Name, address, copy of passport and occupation of the 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
Burundi’s economy relies heavily on agriculture, which accounts for more than a third of the country’s GDP. Burundi’s main exports are coffee and tea, which account for 70% of foreign exchange earnings, despite exports being a small part of GDP. Burundi’s export earnings and ability to pay for imported goods are largely determined by international coffee and tea prices. According to the GDP statistics of 2014, the share of the agriculture sector was (34.4%), industry (18.4%) and services (47.1%).
Food processing industries for domestic production such as rice, grains, tomatoes, milk, vegetables, etc. There are unused opportunities in this country and in the construction sector, including glass doors and windows, metal bars, tiles, cement production, etc. Along with the production of chemicals, the import of agricultural fertilizers, textile industries, bags, shoes, and clothes, along with medicine and medical equipment, is considered a suitable market in Burundi.
For more information, you can contact the legal unit of the Iran and Africa Business Club every day and consult with our experienced lawyers. You can also fill out our legal advice request form and through that our advisors will check all your conditions and contact you and inform you the necessary solutions.