#

Ease of Doing Business in

Comoros

Comoros Download Profile (1703.7KB, pdf)
Region Sub-Saharan Africa
Income Category Low income
Population 788,474
GNI Per Capita (US$) 647
City covered Moroni

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 153 152 down
1
48.69 47.94 down
0.75
Starting a Business 161 157 down
4
71.59 72.89 down
1.30
Dealing with Construction Permits 92 85 down
7
68.88 69.07 down
0.19
Getting Electricity 135 133 down
2
56.35 57.10 down
0.75
Registering Property 90 120 up
30
63.47 53.67 up
9.80
Getting Credit 118 109 down
9
40.00 40.00
-
Protecting Minority Investors 145 145
-
40.00 40.00
-
Paying Taxes 168 165 down
3
48.41 48.41
-
Trading across Borders 107 106 down
1
66.18 66.18
-
Enforcing Contracts 179 179
-
32.05 32.05
-
Resolving Insolvency 169 169
-
0.00 0.00
-

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 161

DB 2016 Rank: 157

Change in Rank: down4

DB 2017 DTF (% points): 71.59

DB 2016 DTF (% points): 72.89

Change in DTF (% points): down1.30

Standardized Company
Legal form: Limited Liability Company
Paid-in minimum capital requirement: KMF 100,000
City: Moroni
Indicator Comoros Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 8.0 7.8 4.8
Time – Men (days) info_outline 15.0 27.3 8.3
Cost – Men (% of income per capita) info_outline 98.4 54.0 3.1
Procedure – Women (number) info_outline 8.0 7.9 4.8
Time – Women (days) info_outline 15.0 27.5 8.3
Cost – Women (% of income per capita) info_outline 98.4 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 34.8 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Verify and reserve the company name

    Agency: Registry

    Business founders can verify and reserve the company name at the Registry free of charge.
    1 day no charge
    2

    Deposit and register the company’s articles of association with the public notary

    Agency: Public Notary

    All new businesses must deposit and register the company’s articles of association with the public notary.
    1 day KMF 22,500 for the authentification of the statutes and the statement of deposit
    3

    Deposit company statutes at Ministry of Finance

    Agency: Services des domaines for the Ministry of Finance

    Depositing company statutes at Ministry of Finance costs KMF 15,000+ KMF 500 for stamp duty per page (3 copies of the statutes; 10 pages per statute).
    2 days
    KMF 16,000+ KMF 500 for stamp duty per page (3 copies of the statutes; 10 pages per statute)
    4

    Register the company at the Commercial Court

    Agency: Commercial Court

    To register a company at the Commercial Court, the following documents are required:
    • The list of managers, administrators, or associates with the power to act on behalf of the company (two copies)
    • The property title or lease agreement
    • Capital declaration
    • Copies of the statutes certified by FIS
    • Managers’ criminal records

    The applicants pay 10,000 KMF for the registration itself and there is an additional 5,000 KMF of administrative fees.

    Although the requirement to publish the statutes in the Official Journal is mandated by the Organization for the Harmonization of Business Law in Africa (Organisation pour l'Harmonisation du Droit des Affaires en Afrique, OHADA), this requirement is not observed because (a) the Official Journal does not function consistently; and (b) the publication fee has not been published; thus, the registrar has no power to charge for publication. There are other daily and weekly journals in which to publish. At the directors’ discretion, they may opt to publish in other daily and weekly journals.
    1 day KMF 15,000
    5

    Obtain the professional license (patente) at the Tax Administration

    Agency: Tax Administration

    The professional license may be obtained at a fee of 10% of the annual lease value plus a fixed fee, according to the table of activities (e.g., KMF 150,000 for a general wholesale retailer), plus 10% of said percentage and fee combined as an additional tax (centime additionelle commune).
    8 days on average see comments
    * 6

    Legalize the company books at court

    Agency: Court

    All new businesses must legalize their company books at court.
    7 days on average (simultaneous with previous procedure) KMF 1,000 per book
    7

    Make a company seal

    Agency: Sealmaker

    KMF 12,500 is charged by Studio Med, one of the most common private seal makers in Moroni.
    2 days KMF 12,500
    * 8

    Register for social security

    Agency: Social Security Office

    All new businesses must register for social security.
    1 day (simultaneous with previous procedure) no charge

    * Takes place simultaneously with previous procedure.