Africa | Mali | How To Start A Business

How To Start A Business in Mali

Doing business in mali

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Mali. 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 initial capital with a bank or a notary and obtain the certification. Agency: Bank or Public Notary The initial capital must be deposited with a bank, directly or through a public notary.	1 day	no charge
	2	Notarize bylaws, sign an affidavit to certify of no criminal records and pay the registration fee at the notary. Agency: Notary "A notary public is required by law. The notary fee is fixed at XOF 250,000 if the capital of the SARL is the legal minimum of XOF 1 million. The fee includes the drafting of statutes, registration, stamps, registration at court, announcement in a legal journal, one stop shop administrative fees and administrative fees for notary and assistants. Since March 2009, the entrepreneur can sign an affidavit to certify that he has no criminal records, and continue the procedures while he waits to get two copies of the criminal record required for the manager of the SARL after registration. A birth certificate is not needed. The criminal record must be obtained at the court of the founder's place of birth. A photocopy of each shareholder’s identity card is required (instead of a birth certificate)."	1 day	XOF 250,000 (including notary fee and OSS service fee)
	3	Purchase legal stamps from the window of the representative of the tax administrator at the One-stop-shop for the Authorization to operate, application for the Impots (Taxes), application for the Tribunal de Commerce, application for the statistical office, proof of payment of the patente. Agency: Agence de Promotion de l'Investissement Purchase fiscal stamps from the window of the representative of the tax administrator at the One-stop-shop for the Authorization to operate, application for the Impots (Taxes), application for the Tribunal de Commerce, application for the statistical office, proof of payment of the patente.	1 day	XOF 9,750 for the legal stamps
	4	Deposit registration documents at the One-Stop Shop Agency: Agence de Promotion de l'Investissement The applicant submits all company documents and forms at the front desk to register the companies with all the services at the One-stop shop.	5 days	Registration costs are included in the notary fees
	5	Publication of the notice of incorporation in a journal Agency: Press Since March 2015, the one-stop shop regularly publishes the notice of incorporation of new companies in their website.	Less than one day (online procedure)	The cost of publication is included in the notary fees.