Doing Business & Company Registration in South Sudan

South Sudan at a Glance | Country Overview

South Sudan is ranked 185 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of South Sudan remained unchanged at 185 in 2019 from 185 in 2018.

South Sudan is an East Central African country that is landlocked. It shares borders with Uganda, the Democratic Republic of the Congo, and Kenya to the south, Sudan to the north, the Central African Republic to the west, and Ethiopia to the east. Although English is the official language, Arabic is widely spoken. It has a religious mix of Christian and Muslim. It has a hybrid legal system that is based on Islamic (sharia) law. It has an area size of 0.644 million SQ KM.

Broad Economic Overview:

The economy of South Sudan is reliant on crude oil, subsistence farming. Oil accounts for over 98 percent of governmental income. Natural resources found in abundance in South Sudan include crude oil, limestone, iron ore, copper, chromium ore, zinc, tungsten, mica, silver, gold, and diamonds. Natural resources are largely still untapped. The third-largest oil deposits in Sub-Saharan Africa are found in South Sudan. South Sudan depends on Sudan to transfer oil through Sudan’s pipeline to the oil terminal at Port Sudan facilities in the Red Sea state of Sudan because to a lack of infrastructure and its location as a landlocked country.

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Why Invest in South Sudan?

Foreign corporations are permitted to repatriate their profits overseas free of capital controls, as long as they comply with local tax obligations.
One Stop Investment Center (OSSIC), a single center centralizing all business formation procedures, was established by the government to streamline company registration procedures for foreigners.
South Sudanese-incorporated businesses are permitted to carry over their business tax losses for a maximum of five years

The Tax Regime in South Sudan is Quite Straight forward with the Tax rate for personal Income ranging from 0 to 20 %, Corporation Tax ranges between 15% to 30% depending on the business activities and VAT at 18%.

For over 1 decade now, East Africa Business Consultants Has assisted many clients with the following Key Company Set Up Services in South Sudan and other parts of Africa;

Company Registration in South Sudan
Government Licenses Processing
Business Bank Account Opening
HR Recruitment and Management
Work Permit Processing in South Sudan
Apartment/Office/Warehouse Sourcing.

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Company Registration in South Sudan Summary Table

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?	7 Days	Days
After how Long can you Invoice and Hire	22 Days	22 Days
Minimum Number of Directors and Shareholders	2	–
Foreigner Can own the Company 100%	No	Yes
Can the entity hire expatriate staff	Yes	Yes
Tax Identification Registration required	Yes	Yes
Corporation Tax Rate	28%	30%
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
Can Secure Work permits for foreign Employees and Directors?	Yes	Yes
Multi Currency Bank Accounts Available?	Yes	Yes

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Company Set up in South Sudan FAQS

1
Can a foreigner register a Company in South Sudan? Can a Foreigner own 100% of a company setup in South Sudan??
Yes, a foreigner can register and own a company in South Sudan. However they cannot own the company 100 % . They will need to cede at least 31% to a local person.

Shareholders of a South Sudan company can be any of the following:
- A local individual,
- A foreign individual,
- A local corporate entity, or
- A foreign corporate entity.
Any of these shareholders can undertake the Business Registration in South Sudan process and own the company.
2
Will I Need to be physically present in order to complete the Business Registration in South Sudan?process?
No. With our Remote Company Setup in South Sudan service, we can incorporate your company without you travelling to South Sudan. We can perform all necessary tasks remotely. Furthermore, our partner banks now allow remote bank account opening. Therefore, a visit to South Sudan is not necessary at all.

Foreigners are free to engage in company setup in South Sudan and are not required to relocate to South Sudan for this purpose; they are free to operate their company from overseas even after business registration. However, if they wish to relocate to South Sudan they must obtain a Work permit.
3
How long does it take to complete a company setup in Kenya?
The Major milestones in company Setup include
- Business Registration in South Sudan
- Tax Registration &
- Bank Account opening.
On Average, these steps take a Maximum of 22 working days.
4
Company Setup in South Sudan is ideal for;
Businessmen, Consultants, Traders, For the custody of real estate, Commerce over the Internet, Expatriates, For inheritance purposes, Holding intellectual property rights

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5
What other registrations do I need to do after Company Setup in South Sudan? Will my Company need to obtain any licenses before commencing operations?
For most industries in South Sudan, you do not have to obtain a license before commencing operations. However, certain industries do require a license before commencing activities. Examples include financial services firms, travel agencies, Courier companies, Betting companies, Mining Companies etc.

It is however important to note that once you set up a physical office, warehouse or an outlet, you will be required to apply for a business permit from the local government.
6
Any restrictions to areas of investment to foreigners?
Some industries are closed to foreigners, including I) transportation, ii) land leasing and purchasing, and iii) foreign exchange.
7
What is the common entity to incorporate in South Sudan?
The limited liability company is the corporate structure used by the majority of business owners. Foreign nationals can open a representative office or a branch office.
8
Which bank is best to open a Corporate Bank Account?
Kenya Commercial Bank-Kenya Commercial Group, also known as KCB Group, is a large financial services organization in East Africa. As of January 2014, Kenya Commercial Bank South Sudan Limited, maintained its headquarters in Juba. The bank has a total of 19 networked branches in the various cities and towns in the country.

Buffalo Commercial Bank-Buffalo Commercial Bank Plc. (BCB) is one of the pioneers in the banking industry in the Republic of South Sudan. BCB, fully owned by South Sudanese, started its operations from Juba.BCB offers a variety of accounts, as well as a complete suite of commercial bank services I.e., Loans, Checking, Savings, Foreign Exchange, Investments, ATM Cards

Nile Commercial Bank -Established in 2008. Nile Commercial Bank (NCB) is a South Sudanese commercial bank. It is one of the commercial banks licensed to operate in South Sudan by the national banking regulator, the Bank of South Sudan. With 20 branches, it has the most of any commercial bank licensed in South Sudan.
9
Can a foreigner own land in South Sudan?
In South Sudan, foreigners are not allowed to possess land, although they are permitted to lease it for up to 99 years. “The Land Act, 2009” governs land tenure and safeguards property rights. It provides for the registration of land rights and categorizes land as public, community, or private.

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Company Registration In South Sudan

Doing Business & Company Registration in South Sudan

South Sudan at a Glance | Country Overview

Broad Economic Overview:

Why Invest in South Sudan?

Company Registration in South Sudan Summary Table

Company Set up in South Sudan FAQS

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