Appreciate The Richness of Africa When You Set Up Business in Mali
Mali is located between the Sahara and the Savannah, a country that has been reliant on tourism and mining while being the third largest producer of gold for the past several years. For investors who are keen to venture into this market, Mali holds many investment opportunities. The government offers tax advantages to foreign investors who are keen to set up business in Mali.
Should your next financial move be to set up business in Mali? Let’s find out
Business Friendly Policy
Mali is a country that is encouraging towards foreign investment. In fact, both foreign and local investments receive the same treatment and are both equally important to the government. Mali and the International Monetary Fund (IMF) has had a structural adjustment facility agreement in place since 1992 that is very supportive of foreign investment, and this is why investors should set up business in Mali.
Mali’s government has also instituted policies in place that help to promote direct investment and businesses which are oriented towards exports.
Limitations on Foreign Control
In Mali, both local and foreign business entities have the right to establish their own business enterprises. These entities will not be restricted to any form of remunerative activities. However, within the mining and media sector, there are some specified limits when it comes to ownership.
Facilitation of Businesses
Mali’s one-stop hub that makes it easier for the country to promote its foreign and local investments is known as the Agency for Investment Promotion (API). The API serves both local Mali enterprises as well as international enterprises, both big and small. The API has grown to become a strong supporter of US investors.
Agreement with the International Labor Organization
Mali’s government has signed the International Labor Organization Agreement, an agreement aims to protect the rights of workers in the country.
Mali Is a Member of UNCTAD
Mali is a member of the United Nations Conference on Trade and Development (UNCTAD)’s international network of transparent investment procedures, which is great news for investors because it means they can set up business in Mali with peace of mind. Investors will be able to find all the details about the pertinent information they need about the administrative procedures which apply to investment and income generating operations.
Incorporate a Company in 1 Month
If you’re planning to incorporate a company in Mali, you can do so within a month. In addition, you only need one shareholder and one director in place. The director and the shareholder can be of any nationality. The minimum share capital to set up business in Mali is US$11,000.