Starting a Business in the Central African Republic

This table summarizes the procedures and costs associated with setting up a business in Central African Republic.

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Legal Form: Limited Liability Company
City: Bangui

	Procedure	Time to complete:	Cost to complete:
1	Procurement of the criminal record at the National Tribunal for the first company directors	2 days	FCFA 2000 per record
2	Deposit the legally required initial capital in a bank and obtain deposit evidence	1 day	FCFA 23600
3	Procurement of the Residence Certificate	1 day	FCFA 1000
4	All acquired documents are filed at the public notary’s office for notarization	3 days	0.5-5% of the company initial capital
5	Register company at Guichet Unique de formalité des Entreprises (GUFE)	7 days	FCFA 170 000 (patente fee) + stamp fees ( 24 pages)+30,000 (registration fee) + 50,000 (chamber of commerce registration)
6	Advertise the company formation in a national news daily	1 day	FCFA 70000
7	Notify authorities of hiring of employees	1 day	no charge
8	Obtain business license (agrement)	7 days	FCFA 10,200

Procedure 1.: Procurement of the criminal record at the National Tribunal for the first company directors
Time to complete:: 2 days
Cost to complete:: FCFA 2000 per record
Name of Agency:
Comment:: The record is issued directly by the National Tribunal.

Procedure 2.: Deposit the legally required initial capital in a bank and obtain deposit evidence
Time to complete:: 1 day
Cost to complete:: FCFA 23600
Name of Agency:
Comment:: The deposit evidence has to be signed by 2 directors at the bank. It is also possible to deposit the minimum capital at the notary, it will take 1 week for the notary to deposit the capital at the bank and get the deposit evidence.

Procedure 4.: All acquired documents are filed at the public notary’s office for notarization
Time to complete:: 3 days
Cost to complete:: 0.5-5% of the company initial capital
Name of Agency:
Comment:: The company contract, the criminal record certificate, and the director’s residence certificate are filed for notarization.

Procedure 5.: Register company at Guichet Unique de formalité des Entreprises (GUFE)
Time to complete:: 7 days
Cost to complete:: FCFA 170 000 (patente fee) + stamp fees ( 24 pages)+30,000 (registration fee) + 50,000 (chamber of commerce registration)
Name of Agency:
Comment:: The Guichet Unique de formalité des Entreprises (GUFE) has representatives from the different services, allowing for:
1)Registration at the Commercial Registry (Tribunal),
2)Obtaining the Tax Identification Number (NIF)
3)Registration (mandatory) with the Chamber of Commerce
4) Enrolling employees for social security at the Regional Labor Ministry

Procedure 7.: Notify authorities of hiring of employees
Time to complete:: 1 day
Cost to complete:: no charge
Name of Agency:
Comment:: Following registration, the company must file a declaration at the Regional Directorate of Employment.