Algeria Company Registration Services by Venture Overseas
Algeria company registration may seem difficult but we can help you through it with our many years of professional experience.
Algeria’s business potential lies in the fact that the country is estimated to have the 16th largest oil reserve in the world while also being the 9th largest natural gas reserve in the world. Foreign businesses looking to set up business in Algeria find that it is a high-risk, high-reward scenario. The country has favourable demographics, high demand for the economy, and large foreign-exchange reserves.
Algeria Company Registration Procedures
Algeria company registration procedures will take more than two weeks and involve a number of pre and post-registration steps.
1. Open a Bank Account and Deposit Money
Applicants need to open a bank account and obtain a deposit certificate after doing so. This will take 1 day and is free of charge.
2. Verify the Availability of the Company Name
Applicants can do this at the Centre National du Commerce (CNRC) or the Commercial Registry. The applicant can propose 4 company names and after the name has been checked and approved, the issuance of the certificate will be on the same day.
3. Visit the Notary’s Office
Applicants need to complete the following procedures with a notary at the Notary Office:
- Notarize the company’s constitution documents,
- Submit specimen(s) of managers’ signatures,
- Prepare and submit the lease for the registered company office
Notary fees will be charged based on the amount of capital the company has.
4. Register the Company
Applicant companies can register the company with the Commercial Registry either online or in person, although it is more common and arguably faster to apply in person.
Although there is a regulation that requires the Commercial Registry to process a company’s registration within 1 day, in practice, it still takes 2 days to obtain the final registration certificate. Registration fees are also based on the amount of capital a company has.
5. Register for Income, Corporate Tax and Vat With the Local Tax Office
Applicants will have to register for income tax, corporate tax, and VAT at the local tax office. Upon registration, a certificate of existence can obtain within 2 to 5 days and a tax card (magnetic card) will also be provided within a minimum period of 30 days.
Contact Us Today
Interested in company registration in Algeria?
Therefore, you’ve come to the right place. If your business needs assistance to venture overseas, then you can contact us today and we will help you to level up and expand your business.