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Democratic Republic of the Congo

In this jurisdiction, we can help you create:

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Registering a company in Congo in 2020

Key benefits of starting a business in Congo:

  • Favorable conditions for conducting mining operations;
  • Full foreign ownership is allowed;
  • It is possible to establish a company in a free economic zone;
  • Tax incentives;
  • High investment attractiveness.

Business registration – from €5,500

Company registration period – from 14 days

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The Democratic Republic of the Congo is an independent state located in Central Africa. It borders on the Tanzania, CAR, Zambia, South Sudan, Angola and other African countries.

If you are interested in registering a company in the Congo Republic and opening an account with an African bank, then you should know that:

  • The currency is the CDF, but for decades, the US dollar has served as a secondary currency;
  • It is the second largest and the fourth most populous country in Africa;
  • The state language is French;
  • Congo is a member of WTO, OAU, UDEAK, IBRD and other international organizations.

In order to get more information, we recommend that you request for qualified advice on company registration procedure in Congo from IQD Consulting lawyers.

Business benefits

Congo is rich in natural resources, therefore, it can be profitable to set up a Congo mining company. Congo is one of the 8 largest suppliers of African oil, which forms 70% of GDP. Also, there are large gas reserves, gold mines, diamonds and deposits of:

  • Copper;
  • Coltan ore;
  • Uranium;
  • Lead;
  • Zinc;
  • Tungsten.

The Government of the Congo has a positive attitude towards foreign investment. Due to this, opening a company in Congo can be a good solution.

Legal forms

The manufacturing industry is represented by small enterprises that are engaged in food and minerals processing and also, textile, shoes and cigarettes production.

Most entrepreneurs choose to register a SARL in Congo (LLC). Also, you can set up a SEZ Congo company, open a mobile services company in Congo, RO and mining company.

Read also:

As for the most popular types of business activity in Congo, you have an opportunity to choose one of the following options:

  • Registering a Congo agricultural company. Agriculture accounts for more than half of GDP and employs almost ⅔ of the working population;
  • Opening an air freight company in Congo. Due to the poor road system and the size of the country, there are almost 200 airfields in the Congo, but only 26 have a fixed runway. Air transportation of mineral resources is of great importance, since the roads are under the control of the rebels;
  • Setting up a road construction company in Congo.

To learn more, you can ask for individual advice on business organization process in the Congo Republic from IQD Consulting experts. Also, we can provide you with legal support services in opening a Congo corporate bank account.

Tax system

If you are intended to register a Congo company, please consider the following tax comparative table.

Legal form

Corporate tax

VAT

Minimum share capital

LLC (SARL)

30%

18%

1 728 USD

SEZ company

0% for first 6 years, 5% for year 7-10, 15% thereafter

18%

1 728 USD

Mining company

30%

18%

50 thousand USD (for diamond trading)

25 thousand USD (for gold trading)

Mobile services company

35%

16%

1 728 USD

RO

0%

-

1 USD

Registration requirements

In order to open a LLC in Congo and open an account for a company in Congo, you will need the following:

  • Registered office;
  • Two directors and shareholders. At least 1 director must be a resident of Congo;
  • Package of the required documents.
Terms of registering a business in Congo: up to 7 weeks

If you have questions, you can ask for personal advice on company registration process in Congo from IQD Consulting experts. Also, we can provide you with legal assistance in opening a corporate account with a Congo bank remotely.

The information outlined in the article is actual at the time of its publication. Please refer to our specialists for checking possible solutions for your business.

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