Mali

Starting a Business in

Mali

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: Société à Responsabilité Limitée (SARL) - Limited Liability Company
  • City: Bamako

About This Topic

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No. Procedure Time to Complete Associated Costs
1 Deposit the initial capital with a bank or a notary and obtain the certification.

The initial capital must be deposited with a bank, directly or through a public notary.
1 day no charge
2 Notarize bylaws, sign an affidavit to certify of no criminal records and pay the registration fee at the notary.

A notary public is required by law. The notary fee is fixed at XOF 250,000 if the capital of the SARL is the legal minimum of XOF 1 million. The fee includes the drafting of statutes, registration, stamps, registration at court, announcement in a legal journal, one stop shop administrative fees and administrative fees for notary and assistants. Accodring to the Décret 2005-P/RM date on the 22 of June 2007, for any capital over XOF 1,000,000, an additional fee of 3% applies for the notary fees.

Since March 2009, the entrepreneur can sign an affidavit to certify that he has no criminal records, and continue the procedures while he waits to get two copies of the criminal record required for the manager of the SARL after registration. A birth certificate is not needed. The criminal record must be obtained at the court of the founder's place of birth. A photocopy of each shareholder’s identity card is required (instead of a birth certificate).
1 day XOF 250,000 (including notary fee and OSS service fee)
3 Purchase legal stamps from the window of the representative of the tax administartor at the One-stop-shop for the Authorization to operate, application for the Impots (Taxes), application for the Tribunal de Commerce, application for the statistical office, proof of payment of the patente.


1 day XOF 9,750 for the legal stamps
4 Deposit registration documents at the One-Stop Shop

The applicants sumbit all company documents and forms at the front desk to register with the Registre du Commerce et du Crédit Mobilier, apply for publication of a notice of the formation of the company, purchase legal stamps and register company act. In addition, a Unique Identification Number (NINA) will be assigned to the company. In addition, the social security insurance program provides for pension and insurance for health and workplace accidents or illnesses.
It is possible to file a demande d'immatriculation d'un employeur for the company, and for every worker file a bulletin d'embauche, with the Institut National de Prevoyance Sociale (INPS) and file with the Direction Nationale du Travail every contract with every employee.

 3 days registration and publication cost are included in the notary fees
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