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 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 |
Africa Business Consultant exceeded our expectations. How they guided us in the process and helped us make the right decision for the kind of a company we needed . The professionalism through the process, our company got the documents just like we wanted sooner than we thought.
The commitment by the Associates like Albert!!
Happy to recommend anyone looking into taking a step towards this.
Thank You for your services.
“commitment kept commitment made”
Excellent team.
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