How To Start A Business in Niger

How to Start a Business in Niger - Step by Step Guide

Starting a business in Niger involves several steps to ensure you comply with legal and regulatory requirements. Below is a detailed guide for both local and foreign investors, with the associated fees and taxes wherever applicable.

Step-by-Step Guide for Nigerien Nationals

1. Choose Your Business Structure: Select a suitable business structure such as sole proprietorship, partnership, or private limited company.
2. Register the Business Name: Register your business with the National Centre for the Promotion of Investments (CNPI).
   National Centre for the Promotion of Investments (CNPI)
3. Obtain a Tax Identification Number (TIN): Register with the Niger Revenue Authority (DGI) for a Tax Identification Number.
   Niger Revenue Authority (DGI)
4. Register with Social Security: Register your employees with the National Social Security Fund (CNSS) for social security contributions.
   National Social Security Fund (CNSS)
5. Obtain a Business License: Depending on the nature of your business, you may need to obtain a business license from the local municipality.
   Fees: Varies based on the nature of your business and the region (approx. XOF 10,000 to XOF 50,000).
6. Open a Business Bank Account: Open a business account with any commercial bank in Niger.
   Fees: Varies depending on the bank and account type.

Step-by-Step Guide for Foreign Investors

1. Choose a Business Structure: Foreign investors typically establish a private limited company or a joint venture in Niger.
2. Obtain Investment Approval: Submit an application to the National Centre for the Promotion of Investments (CNPI) for approval to invest in Niger.
   National Centre for the Promotion of Investments (CNPI)
3. Register the Business: Once you receive approval, register the business with the National Centre for the Promotion of Investments (CNPI).
4. Obtain a Tax Identification Number (TIN): Foreign investors must also register with the Niger Revenue Authority (DGI) for a TIN.
5. Register for VAT (if applicable): If your business’s annual turnover exceeds XOF 10 million, you must register for VAT.
   Fees: XOF 50,000 for VAT registration.
6. Obtain Business Licenses and Permits: Depending on your business activities, additional permits or licenses may be required from the relevant authorities.
   Fees: Varies based on the type of business and location.
7. Register with Social Security: You must register your employees with the National Social Security Fund (CNSS) to make social security contributions.
8. Open a Business Bank Account: Open a business bank account at a local bank in Niger.

Estimated Duration

• For Locals: 2-3 weeks
• For Foreign Investors: 8-10 weeks (including the investment approval process)

Useful Resources

• National Centre for the Promotion of Investments (CNPI)
• Niger Revenue Authority (DGI)
• National Social Security Fund (CNSS)