Agriculture accounts for about 50% of Burundi’s Economic Output. Cassava and Sweet Potatoes are the Main Subsistence Crops, while Coffee, tea and Cotton are the Main Cash Crops and Hides and Skins Producing a Valuable Income.
The Tax Regime in Burundi is Quite Straight forward with the Tax rate for personal Income ranging from 0 to 30 %, Corporation Tax is at 30% and Vat at 18%.
|Entity||Subsidiary Company||Branch Company|
|How Long does the Company registration process Take?||15 Days||15 Days|
|How long Does it take to Open Bank Account?||5 Days||5 Days|
|After how Long can you Invoice and Hire||20 Days||20 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 Burundi 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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