Comoros

Starting a Business in

Comoros

Listed below is a detailed summary of the bureaucratic and legal hurdles an entrepreneur must overcome in order to incorporate and register a new firm, along with their associated time and set-up costs.  It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income (GNI).

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2011.

  • Standardized Company

  • Legal Form: Limited Liability Company
  • City: Moroni

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No. Procedure Time to Complete Associated Costs
1 Deposit the legally required capital in a bank and obtain the deposit evidence

Either the entrepreneur or the notary public deposits the initial capital in a bank and obtains the deposit receipt.
4 days KMF 55000
2 Verify and reserve the company name

To avoid future lawsuits, the founders must pick a name that is not already in use.
1 day no charge
3 Deposit and register the company’s articles of association with the public notary


2 days 0.5-1% of capital
4 Obtain extracts of criminal records of the directors

To conduct the court search requires the birth certificates of the directors named in the statutes.
2 days KMF 500 per copy + KMF 500 per fiscal stamp
5 Deposit company statutes at Ministry of Finance


2 days 3% declared capital + 500F stamp duty per page (3 copies of the statutes; 10 pages per statute)
6 Register the company at the 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.

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 22500
7 Obtain the professional license (patente) at the 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 see comments
* 8 Legalize the company books at court


7 days (simultaneous with previous procedure) KMF 1000 per book
9 Make a company seal


2 days KMF 10000
* 10 Register for social security


1 day (simultaneous with previous procedure) no charge
11 Register with the Chamber of Commerce


2 days 0.5 % of minimum capital
* Takes place simultaneously with another procedure.
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