company registration

18
Oct

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

EntitySubsidiary CompanyBranch Company
How Long does the Company registration process Take?10 Days10 Days
How long Does it take to Open Bank Account? 5 Days5 Days
After how Long can you Invoice and Hire 15 Days15 Days
Minimum Number of Directors and Shareholders 1 –
Foreigner Can own the Company 100%YesYes
Can the entity hire expatriate staffYesYes
Tax Identification Registration requiredYesYes
Access to DRC double Tax treatiesYesYes
Can bid for Government Contracts?YesYes
Can Secure Trade Finance?YesYes
Can Secure an Import and Export Licence?YesYes
Can Easily Convert into a PLC?YesNo
Can Secure Work permits for foreign Employees and Directors?YesYes
Multi Currency Bank Accounts Available?YesYes

Kindly Click Here To Contact Us For Additional information on Company Registration in the Democratic Republic of Congo or to Request for a Quotation.