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Togo

In this jurisdiction, we can help you create:

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Registering a company in Togo in 2020

Key benefits of jurisdiction:

  • A favorable environment for creating small, medium and large businesses;
  • High level of investment attractiveness;
  • Full foreign ownership;
  • Tax incentives;
  • Availability of qualified labor;
  • It is possible to open a company remotely.

Business registration –from €4,450

Company registration period – from 30 days

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Togo is an independent country located in West Africa. It is one of the smallest states in the African continent.

If you want to register a company in Togo and open a Togolese bank account, then pay attention to the following:

  • The official language is French;
  • The capital of the state is Lome;
  • Population: more than 8 million people;
  • The neighboring states: Benin, Ghana and Burkina Faso;
  • West African CFA franc (XOF) is the official currency;
  • The country is a member of the following organizations: ACP, African Union, Non-Aligned Movement, WTO and ECOWAS.

The country is not included in the list of countries participating in the automatic exchange of tax information (CRS).

For more information about the jurisdiction, you can request for qualified advice on company registration procedure in Togo from IQD Consulting lawyers.

Best uses for a Togolese company

In order to open your own business in Togo, you can choose one of the following promising solutions:

  • Registering a mining company in Togo (dolomites, kaolin, chromium, gold, aluminum, iron, graphite, chromium, uranium, building materials (marble, limestone, bauxite), as well as table salt);
  • Setting up an export company in Togolese (cotton, coffee, cocoa, phosphate chemicals, food products, textile products);
  • Registering a Togolese service company or opening an IT company in Togo.

Also, it can be profitable to set up a fishing company in Togo or agricultural company.

Read also:
Business entity types & tax treatment

Those, who want to start a business in Togo and open an account in African bank, we recommend considering the following legal forms:

  • LLC (SARL);
  • PLC (SA);
  • Branch;
  • RO.

Legal form

Corporate tax

VAT

WHT

Share capital

LLC

29%

18%

20% on dividends and interests remitted abroad

1 800 USD

PLC

29%

18%

18 000 USD

Branch

29%

18%

1 USD

IQD Consulting experts recommend that you register an LLC in Togo as it is the most common legal form.

How to open a company in Togo remotely

If you want to run a business in this country, take a look at the following registration requirements:

  1. Individuals or corporate bodies of any nationality (at least two directors and shareholders);
  2. No requirements for registered physical office and secretary;
  3. Ability of creation a One-Stop-Shop in Togo as a fast business solution.
Terms of registration: 6 weeks.

You have an opportunity to register a Togolese company remotely and open a corporate account in Togolese bank without a personal visit with the help of our experts.

We propose you to consider the following banks:
  • Ecobank;
  • Union Togolaise de Banque;
  • BOA;
  • Orabank;
  • Societe Generale;
  • Banque Atlantique;
  • Coris Bank;
  • Societe interAfricaine De Banque;
  • EBID;
  • Togolese Bank for Trade and Industry;
  • Popular Bank for Savings and Credit.

IQD Consulting company can provide you with individual advice on business organization process in Togo and legal assistance in opening an account for a Togolese company.

  • 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.
  • Still have any questions?

    Fill out the form or contact us as you find convenient. Our experts will help you resolve the issue.

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