Senegal
Corporate Guide

Is there a requirement to have a fully paid up share capital at the point of incorporation in Senegal?

With regard to an LLC, Article 311-1 of the OHADA Company Act allows the shareholders to pay up to half of the share capital at the time of incorporation and the other half within two years after incorporation. 

For PLCs, the shareholders may pay up to one quarter of its share capital subject to paying up the remainder, no later than three years from the date of registration of the company in the trade registry (Article 389 of the OHADA Uniform Act on Commercial Companies).