What is the process of setting up a company in Senegal?
The process of setting up a company is:
- Choose the legal form of the company.
- Draft the articles of association and signature of the incorporation documents.
- Deposit the share capital of the company at the notary's office.
- Complete the administrative procedures with the Agency for the Promotion of Investments and Major Works (APIX) (obtaining a National Identification Number for Enterprises and Association (NINEA) and a trade registry certificate).
- Registration of the company at the trade registry (RCCM).
- Publication of the incorporation in the legal gazette.
When setting up a company, the following documents are required:
If the shareholder is a company
- Notarised articles of association of the company (original and a translated copy).
- Notarised trade register certificate of the company.
- Minutes of the meeting where the incorporation of the company was decided on.
- Certificate of appointment of the directors of the new company.
- Criminal record of the directors of the new company.
- Notarised copies of the directors’ passports.
If the shareholder is an individual
- Copy of their passport or national ID card (if they are a national).
- Criminal record.
- Power of attorney that gives powers to the lawyer to set up the company.
All documents should be notarised and translated into French.