Company Registration in The Democratic Republic of Congo | Doing Business in DRC | Company Registration in DRC | Doing Business in Congo
Democratic Republic of Congo Business at a Glance
Company Registration in The Democratic Republic of Congo 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 | Company Registration in DRC | Democratic Republic of Congo Company Overview
| Entity | Subsidiary Company | Branch Company |
|---|---|---|
| How Long does the Company registration in DRC Take? | 10 Days | 10 Days |
| How long Does it take to Open Bank Account? | 5 Days | 5 Days |
| After how Long can you Invoice and Hire | 15 Days | 15 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 DRC 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 |
Faqs on Company Registration In the Democratic Republic of Congo DRC | More on Republic of Congo DRC Company
How much does it cost to register a company in DRC?
The cost for company Registration in DRC normally depends on the type of company that you choose to Register. Contact us today for a free quote on company registration in the democratic republic of Congo
How long does it take to register a company in DRC?
Company Registration in DRC takes about 10 working days if at all the company documents are duly completed without any mistake.
What types of companies do we have in DRC?
Here are the company options in the Democratic Republic of the Congo
– Limited Liability Company (SARL): A company whose partners have limited liability for the company’s debts, based on their contributions.
– Public Limited Company (SA): A company that requires at least two shareholders who have limited liability for the company’s debts, based on their shares.
– Simplified Joint Stock Company (SAS): A company that allows its shareholders to set their own rules of governance and operation.
– Non-Registered Company (Société en Participation): A company that is not officially registered and is only recognized by its partners.
– Company Created de Facto and de Facto Company: A company that results from the actual conduct of two or more persons who act as partners without forming a legal company.
– Branch: A subsidiary of a foreign company that operates part of its activities in DRC.
What is SARL in Congo?
SARL stands for Société à Responsabilité Limitée, which is French for Limited Liability Company. It is a legal structure that foreign investors can choose to operate in the Democratic Republic of Congo (DRC), which is part of the OHADA (Organization for the Harmonization of Business Law in Africa) system1. A SARL in DRC needs at least one partner who is only liable for the company’s debts up to their contribution.
How do I register a company in the Democratic Republic of Congo as a foreigner?
To register a company in the Democratic Republic of Congo, you have two main options:
The first option is to register a Branch of your foreign company. The Branch in DRC will act as an extension of your foreign company. To register a Branch, you will need to submit a Notarized certificate and other registered documents of the parent company. The downside of registering a Branch is that your parent company will be directly responsible for any liabilities incurred by the branch in DRC.
The second option is to Register the company as a subsidiary or as a totally independent company. Here you are required to submit the following documents:
– 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.
What business can I start in DRC as a foreigner? What businesses are in the Democratic Republic of Congo?
The DRC Economy is largely unexploited and hence numerous opportunities are available depending on your skills, interests, and budget. Some of the best opportunities lie in the following sectors Agriculture, Mining, Energy, Telecommunications and Tourism.
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