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How To Start A Business in Comoros

How to Start a Business in Comoros - Step by Step Guidelines

The Union of the Comoros is working to improve its business environment to attract local and foreign investment. The government has simplified some processes through its one-stop investment promotion agency, ANPI Comores. Below are the general steps for starting a business.

Step-by-Step Procedure for Locals

  1. Choose a Business Structure:
    Decide whether to register as a sole proprietorship, limited liability company (SARL), or another legal form.
  2. Reserve a Business Name:
    Reserve a unique business name with the Commercial Court (Tribunal de Commerce).
    Duration: 1–2 days
  3. Prepare Statutes and Notarize Documents:
    Draft the Articles of Association and have them notarized by a public notary.
  4. Deposit Minimum Capital (if applicable):
    Open a bank account and deposit required capital (typically applicable to companies like SARLs).
  5. Register the Company with the Commercial Court:
    Submit all documents to the Commercial Court to obtain the company’s registration number and legal status.
    Estimated Cost: KMF 25,000 – KMF 100,000 depending on business type
  6. Register for Taxation:
    Obtain a tax identification number (NIF) from the General Directorate of Taxes under the Ministry of Finance.
  7. Obtain a Business License (Patente):
    Apply for a business license at the local municipality (Commune) where your business will operate.
  8. Register with Social Security Fund:
    Employers must register with the CNSS – Caisse Nationale de Sécurité Sociale.

Additional Steps for Foreign Investors

  1. Register the Investment with ANPI Comores:
    Submit your investment project to the ANPI – National Agency for the Promotion of Investments to obtain required permits and benefit from investment incentives.
  2. Obtain Residence or Work Permit:
    Foreign investors who wish to reside in Comoros must apply for appropriate immigration status with the Ministry of Interior.
  3. Open a Foreign Exchange Account:
    Required for businesses that involve capital repatriation or cross-border transactions.

Useful Resources

Disclaimer: This information is intended for general guidance and may not reflect the most recent regulatory changes. Entrepreneurs are encouraged to consult with ANPI Comores or legal professionals before initiating business activities.