Company Registration in the Democratic Republic of Congo – Business Consultants KenyaBusiness Consultants Kenya

Company Registration in the Democratic Republic of Congo

Doing BusinessCompany Registration in the Democratic Republic of Congo

Democratic Republic of Congo at a Glance

DRC Has the Potential to become Africa’s Richest Economy due to the Abundance of Mineral deposits like copper, cobalt, gold, diamonds, zinc, iron and uranium. DRC also has the second Largest Fresh Water river after the Amazon in terms of volume and also has the world’s Second Largest Tropical forest.

The DRC has a Population of about 84 Million People and the Economy is Largely unexploited with Numerous Business Opportunities in the Mining Industry, Energy Sector, Construction and Real Estate, Food Processing and ICT Sector. The Few Sectors restricted for foreigners include establishing retail Commerce (Petit Commerce) and Foreign investment in the Agricultural Sector is Limited at 49% ownership

The Tax regime in the Democratic republic of Congo is Quite Straight forward with  the Tax rate for personal Income ranging from 0 to 30 %,  Corporation Tax is at 30% for Mining Companies, 35% Corporation tax for the other Companies and Vat at 18%.

Company Registration in the Democratic Republic of Congo Summary Table

Entity Subsidiary Company Branch Company
How Long does the Company registration process Take? 10 Days 10 Days
How long Does it take to Open Bank Account?  5 Days 5 Days
After how Long can you Invoice and Hire  15 Days 15 Days
Minimum Number of Directors and Shareholders  1  –
Foreigner Can own the Company 100% Yes Yes
Can the entity hire expatriate staff Yes Yes
Tax Identification Registration required Yes Yes
Access to DRC double Tax treaties Yes Yes
Can bid for Government Contracts? Yes Yes
Can Secure Trade Finance? Yes Yes
Can Secure an Import and Export Licence? Yes Yes
Can Easily Convert into a PLC? Yes No
Can Secure Work permits for foreign Employees and Directors? Yes Yes
Multi Currency Bank Accounts Available? Yes Yes

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