How To Start A Business in Congo Republic

How to Start a Business in Congo Republic - Step by Step Guidelines

The Republic of Congo is open to both local and foreign investment. The government has streamlined some processes through its one-stop-shop for business registration and investment services. Below are the steps for setting up a business in Congo Republic.

Step-by-Step Procedure for Locals

1. Choose a Business Structure:
   Decide whether you want to operate as a sole proprietorship, partnership, or limited liability company (LLC). Each structure has different tax and liability implications.
2. Reserve a Business Name:
   Reserve a unique name for your business with the Commercial Court (Tribunal de Commerce). The name should not be identical to existing companies or violate trademarks.
   Duration: 1-2 days
3. Prepare and Notarize Documents:
   Draft and notarize your company’s statutes (Articles of Association) before proceeding with registration.
4. Deposit Minimum Capital (if applicable):
   Open a bank account in the company’s name and deposit the required capital, if applicable for the type of business structure (e.g., for LLCs).
5. Register the Company with the Commercial Court:
   Submit your notarized documents, including proof of the capital deposit, to the Commercial Court for registration.
   Cost: Approx. XAF 50,000 – XAF 150,000, depending on the company type
6. Obtain a Tax Identification Number (TIN):
   After registration, apply for a TIN from the Congo Republic's tax authorities to be able to operate legally.
7. Register for Social Security:
   If you have employees, register with the National Social Security Fund (CNSR) to ensure compliance with labor laws.
8. Get a Business License:
   Apply for a business license (Patente) from your local municipality (Commune). This allows you to officially start trading.

Additional Steps for Foreign Investors

1. Register the Investment with the Agence Congolaise de Promotion des Investissements (ACPI):
   Foreign investors must submit their investment project to the Agence Congolaise de Promotion des Investissements (ACPI) to gain access to benefits and incentives available for foreign investments.
2. Obtain Residence or Work Permit:
   Foreign investors planning to live in Congo Republic must apply for the appropriate residency or work permit with the Ministry of the Interior.
3. Open a Foreign Currency Account:
   If your business deals with foreign currency or international transactions, open a foreign currency account at a local bank.

Useful Resources

• ACPI – Congolese Investment Promotion Agency
• CNSR – National Social Security Fund
• Ministry of Finance and Budget
• Congo Republic Chamber of Commerce