Senegal
Corporate Guide

Are there any post-incorporation requirements that need to be satisfied in Senegal? For example, registrations for tax purposes or business licences.

Yes. With regard to tax registration, upon registering, a company must apply for a Fiscal Identification Code (COFI), which is a sequence of three characters that completes the NINEA received at the time of the setting up of the company. 

The process is done by a notary at the time of incorporation of the company and is very simple. An application including copies of the company’s articles of association and the trade registry certificate is submitted to the tax office of the company’s registered office. The deadline for issuing the NINEA is three business days.

With regard to the business licences to be obtained post-incorporation, if the activities of the company are regulated and require any sector-specific licence or permit, then the company will apply for them. 

The company is also required to open a bank account.