Somaliland
Corporate Guide

Are there any annual compliance requirements that a company must meet in Somaliland?

Companies are required to renew their business licence annually and to submit annual reports to the Registry. Article 34 of the Regulations requires companies to file their annual returns / reports within 30 days of the company’s incorporation anniversary; or any other date that the Registry Office may prescribe. 

Failure to file the annual report within the prescribed time attracts a penalty of SOS 400,000 (Article 72 of the Act and 34 of the Regulations).

Failure to file annual reports for three consecutive years may prompt the Registry to strike off the company from the Companies Registry and take action referred to as “administrative dissolution” (Article 35 of the Regulations).