Company Registration in Burundi
[vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_borders=”” rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted”][vc_column rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][vc_wp_custommenu nav_menu=”795″ el_class=”def”][vc_column_text]Company Registration in Burundi | Start a Business in Burundi | Register a Company in Burundi | Company Creation in Burundi
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Burundi at a Glance | Why Company Registration in Burundi | Why Register in Burundi
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.
Manufacturing Industry in Burundi is still growing and the opportunities lie in the following areas;
- Processing, production, packaging, marketing of agricultural equipment and inputs
- Production of fruits and vegetables
- Packaging and transport
- Research and development on the conservation of agricultural foodstuffs
- Potential for Agri-food transformation industry (rice, cereals, etc.)
- Fertilizer plants (phosphates in the north of the country)
- Cement plants (raw materials available in the northeast)
- Potential for food processing industry for domestic production i.e. for rice, cereals, tomatoes, milk, vegetables, etc.
- Untapped opportunities in the construction sector including glass windows and doors, metal bars, tiles, cement production, etc
- Production of chemicals including fertilizers for breeding and farming
- Textile and shoe-making industries
- Pharmaceutical industry as very few medicines are produced locally
- Almost all manufactured consumer goods are imported offering plenty of opportunities in almost all industries
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%.
Company Registration in Burundi Summary Table | Company Formation in Burundi Summary Table | How to register a business in Burundi
| 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 after you register your business? | 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 License? | 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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FAQs on Company Registration in Burundi
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- Due to its advantageous geographic location, Burundi can access multiple adjacent markets directly, including those in Tanzania, Rwanda, and the Democratic Republic of the Congo. Additionally, Burundi is also a COMESA and EAC member.
- With an 87% literacy rate and a median age of 18, Burundi has a youthful and inexpensive work force.
- Burundi’s climate and soil are ideal for growing a wide range of crops, including fruits, coffee, tea, cotton, sugar, and vegetables. Large, mostly unexplored mineral resources are also present there, including those of copper, cobalt, nickel, gold, and rare earths.
- Through the adoption of a new investment law, Burundi has improved its business environment and investment
[/vc_toggle][vc_toggle title=”What are the biggest industries in Burundi?”]Some of the top industries to invest in Burundi include Agriculture, Mining, Energy, Manufacturing and the service sector[/vc_toggle][vc_toggle title=”What is the Online company registration in Burundi Fees?”]The statutory fees for company registration in Burundi Vary depending on the type of company and the proposed share capital in the company. Reach out to us for a free quote[/vc_toggle][vc_toggle title=”What are the Company registration in Burundi requirements?”]
- Three preferred names of the proposed company
- A Description of the activities of the Business/ Company
- Copies of Travel Passport of all the directors and shareholders
- Passport size photographs of all the directors and shareholders
- Postal, Physical and e-mail address, telephone number and occupation of all shareholders/directors of the proposed company
- Share apportionment percentage.
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