Mali Company Registration Services
While there are many questions and concerns that a foreign entrepreneur might have about registering a company in Mali, there is one thing that all entrepreneurs can make certain of – you need the assistance of a qualified Mali company registration services because complying with the many local regulations can be a major headache for many.
Mali is the 17th most regulated country in the world, according to the World Bank, and that makes it the 17th most difficult place in the world to start a business, especially for foreigners who are unfamiliar with the local laws and regulations.
What Advantages Do I Stand to Gain?
Registering a company in Mali brings with it the following benefits:
- A Mali company which is registered a limited liability entity can be incorporated within 1 month provided there is 1 shareholder and 1 director in place. The director and shareholder can be of any nationality.
- Businesses which are established by foreign entrepreneurs stand to benefit from the many generous government incentives offered by the Mali government.
- Businesses enjoy a tariff exemption on all imports for 3 years.
- Business enjoy trading tax exemption for up to 8 years.
- Businesses enjoy up to 30 years of tax exemption in Mali’s Free Trade Zones as long as 20% of the company’s products are sold locally.
- The corporate tax rate in Mali is 30%.
Mali Company Registration – How to Do It
Before business can begin operating in Mali, it is going to have to fulfil all of the following criteria to become legally incorporated and a recognized registered entity:
- Depositing the Initial Capital – The initial capital must be deposited with a bank or a notary before a certification can be obtained.
- Signing an Affidavit – An affidavit must be signed and the bylaws notarized to certify the company has no criminal records. The registration fees must be paid to the notary. The notary is required by law.
- Purchasing Legal Stamps – Legal stamps must be purchased from the window of the representative of the tax administrator at the one-stop-shop for the authorization to operated. Businesses need also comply with the application for the imports (taxes), application for the Tribunal de Commerce, and submit an application to the statistical office.
- Deposit Registration Documents – Businesses are required to deposit all the company’s documents and forms at the front desk to register the company with all the services at the one-stop-shop.
- Publishing the Incorporation Notice – This will be published regularly by the one-stop shop, and any new companies which have recently been incorporated will be mentioned on their website.
The process may sound simple enough, but there are still a lot of steps and measures that need to be taken within the process to ensure a smooth incorporation of the company. Which is why the help of highly-qualified Mali company registration services like 3E Accounting is so greatly needed. Leave the difficulties of the registration process to us, we will help you take care of everything. Contact us today or visit our website to find out more about how we can help.