Are there any post-incorporation requirements that need to be satisfied in Somaliland? For example, registrations for tax purposes or business licences.
Yes. Post-incorporation requirements include registration for tax and obtaining a business licence (depending on the nature of the business). With respect to business licences, a company should apply for the relevant licence with the Ministry of Trade, Industry and Tourism. The following broad business activities are listed as requiring a business licence: professional services, money transfer, clearing and forwarding, general trading, fuel importation, shipping agency and social enterprise.
Visit the online portal: How to apply for Business Licensing.
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If there is no requirement to have a local director or shareholder in Somaliland, what is a foreigner required to do to register a company for tax purposes and other similar post-incorporation registrations?