Starting a public limited company

To start a public limited company, there are two stages:

The entrepreneur goes to the Notary’s

• To establish the statutes
  • They must be signed by all the founding members or their proxies upon proof of power of attorney to do so.
• To sign the minutes of the incorporation meeting
• To issue a declaration of conformity
• To deposit the Capital
  • The capital has to be deposited at the notary’s or in a bank account, entitled « Company Incorporation Account ».
  • The account is available immediately after the company gets registered at the Register of Companies and Liens (RCCM).

Notary’s fees: approximately 700 000 CFA Francs for capital worth 10 000 000 CFA Francs

The entrepreneur goes to the APIX Business Creation Support Bureau (BCE)

• To register the acts of incorporation
• To register the company in the Register of Companies and Liens
• To register for NINEA
• To publish the creation of the company in the Journal of legal notices

The documents to provide are:

1. A criminal record check of no more than 3 months, or a statement of compliance, available at the notary’s, which is filled duly and signed by the Manager, or the Manager’s criminal record check of no more than three (3) months from their country of origin (for foreigners)
2. The photocopy of members’ identity cards
3. Registration fees: 1% of the Capital, if it exceeds 10 000 000 CFA Francs. Where the capital contribution is in real estate, provision should be made for a surtax equivalent to 3% of the value of the contribution for registration fees