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How To Start A Business in Gambia

Step-by-Step Guide to Starting a Business in The Gambia

1. Business Name Reservation

Submit a proposed business name for reservation at the Ministry of Justice or through their Business Registration portal (if available).

  • Fee: Approximately GMD 500
  • Duration: 1-2 working days

2. Register the Business

Register your company or business at the Ministry of Justice, Companies Registry Division. Foreign investors may also need to register with the Gambia Investment & Export Promotion Agency (GIEPA).

  • Fee: Varies (from GMD 2,000 for sole proprietorship to GMD 10,000+ for limited companies)
  • Duration: 3-5 working days

3. Obtain a Tax Identification Number (TIN)

Apply for a TIN from the Gambia Revenue Authority (GRA). This is required before any financial or business transaction.

  • Fee: Free
  • Duration: 1-2 working days

4. Obtain a Business Operating License

Secure an operating license from your local municipal council. The requirements vary depending on the nature and location of the business.

  • Fee: GMD 1,000 to GMD 5,000 depending on business type
  • Duration: 1-3 working days

5. Register with Social Security and Housing Finance Corporation (SSHFC)

All employers must register with the SSHFC for employee social security contributions.

  • Contribution: Typically 10% by employer and 5% by employee of gross salary

6. Environmental and Sector-Specific Licenses (if applicable)

Businesses in sectors such as agriculture, manufacturing, and health may require special permits or environmental clearance from relevant ministries or National Environment Agency (NEA).

  • Fee: Varies
  • Duration: Depends on permit type

7. Open a Business Bank Account

Open a business bank account with a licensed bank in The Gambia. Requirements may include TIN, business registration certificate, and company documents.

8. Register with Gambia Investment & Export Promotion Agency (for foreign investors)

Foreign investors should register with GIEPA to access investment incentives, support, and guidance.

Useful Resources

Disclaimer: This information is provided for general guidance and is subject to change. It is advisable to consult directly with relevant government agencies or legal professionals when starting a business in The Gambia.