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Ding business in C.A.R

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Central African Republic. It examines the procedures, time and cost involved in launching a commercial or industrial firm with between 10 and 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in June 2015.

 

No.		Procedure	Time to Complete	Associated Costs
	1	Deposit the legally required initial capital in a bank and obtain deposit evidence Agency: Bank The deposit evidence has to be signed by 2 directors at the bank. It is also possible to deposit the minimum capital at the notary, it will take 1 week for the notary to deposit the capital at the bank and get the deposit evidence.	1 day	XAF 23,600
	2	Procurement of the Residence Certificate Agency: Municipality The company contract, the criminal record certificate or the sworn declaration, and the director’s residence certificate are filed for notarization.	1 day	XAF1,000
	3	All acquired documents are filed at the public notary’s office for notarization Agency: Public Notary The company contract, the criminal record certificate or the sworn declaration, and the director’s residence certificate are filed for notarization.	3 days	0.5-5% of the company initial capital
	4	Register company at Guichet Unique de formalité des Entreprises (GUFE) Agency: GUFE The Guichet Unique de formalité des Entreprises (GUFE) allows for the registration at the commercial registry. The sworn declaration (declaration sur l'honneur) is completed at the GUFE. Entrepreneurs will need to send a copy of their criminal record within 75 days. The record is issued directly by the National Court.	2 days	XAF 70,000 (registration fees at the one stop shop) + XAF 30,000 (registration fees with the commercial registry) + stamp fees (24 pages, XOF 3000 per page)
	5	Obtain the Tax ID number (numero d’identification fiscale -NIF) Agency: Direction Generale des Impots et des Domaines Since 2012, the NIF is obtained at the Direction General des Impots et des Domaines. Prior to 2012, it was obtained at the one-stop-shop.	2 days	no charge
	6	Register for Social Security Agency: Caisse Nationale de la Sécurité Sociale The enrollment of employees to the social security is no longer completed at the GUFE - but directly at the Social Security offices.	3 days	no charge
	7	Advertise the company formation in a national news daily Agency: National News daily All new businesses must advertise their company formation in the National News Daily.	1 day	XAF 70,000
	8	Register with the Chamber of Commerce Agency: Chamber of Commerce All new businesses must register with the Chamber of Commerce for XAF 50,000.	1 day	XAF 50,000
	9	Notify authorities of hiring of employees Agency: Regional Directorate of Employment Following registration, the company must file a declaration at the Regional Directorate of Employment.	1 day	no charge
	10	Obtain business license (agreement) Agency: Municipality A business license (agreement) can be obtained at the Municipality for XAF 10,200.	7 days	XAF 10,200