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Ease of Doing Business in

Togo

Togo Download Profile (1719.6KB, pdf)
Region Sub-Saharan Africa
Income Category Low income
Population 7,304,578
GNI Per Capita (US$) 540
City covered Lomé

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 154 154
0
48.57 47.40 down
1.17
Starting a Business 123 130 up
7
81.71 78.37 up
3.34
Dealing with Construction Permits 180 179 down
1
45.09 44.72 up
0.37
Getting Electricity 147 148 up
1
52.78 52.17 up
0.61
Registering Property 183 183
-
31.40 30.93 up
0.47
Getting Credit 139 134 down
5
30.00 30.00
-
Protecting Minority Investors 145 145
-
40.00 40.00
-
Paying Taxes 169 169
-
48.22 46.14 up
2.08
Trading across Borders 117 127 up
10
63.66 60.40 up
3.26
Enforcing Contracts 145 145
-
48.10 48.10
-
Resolving Insolvency 87 90 up
3
44.69 43.12 up
1.57

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

DB 2017 Rank: 123

DB 2016 Rank: 130

Change in Rank: up7

DB 2017 DTF (% points): 81.71

DB 2016 DTF (% points): 78.37

Change in DTF (% points): up3.34

Standardized Company
Legal form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
Paid-in minimum capital requirement: XOF 100,000
City: Lomé
Indicator Togo Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 5.0 7.8 4.8
Time – Men (days) info_outline 6.0 27.3 8.3
Cost – Men (% of income per capita) info_outline 71.2 54.0 3.1
Procedure – Women (number) info_outline 5.0 7.9 4.8
Time – Women (days) info_outline 6.0 27.5 8.3
Cost – Women (% of income per capita) info_outline 71.2 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 34.0 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Check the company name

    Agency: Guichet Unique : CFE

    The first step is to verify the uniqueness of the desired company name. The availability of the name can be checked online at http://cfetogo.org/annuaire_check, but most entrepreneurs still do it in person at the agency.
    1 day no charge
    2

    The notary legalizes documents and buys stamps

    Agency: Public Notary

    Company statutes can be executed either by notary act or by private contract. In practice companies still use a notary to prepare and legalize documents.

    Fees to be paid are 2% of capital (to be paid to CFE), 1500 in stamps and 2% of capital for the “honoraires” or 125 000 CFA (whichever is higher).



    2 days XOF 175,000
    3

    Deposit the company’s initial capital

    Agency: Bank or Public Notary

    When depositing initial capital, company founders must consider that the minimum authorized capital for a limited liability company is XOF 100,000, divided into shares whose face value cannot be lower than XOF 5,000. The entire authorized capital is paid up upon subscription. The founder must immediately deposit the share contribution in a bank account opened under the name of the company or the notary. The funds remain frozen until the date of company registration with the Registre de Commerce et de Crédit Mobilier (RCCM), at which time the funds are placed at the disposal of the managers.
    1 day no charge
    4

    Deposit all the documents for company registration and pay fees at the Guichet Unique: CFE

    Agency: Guichet Unique: CFE

    The one stop shop (CFE) is fully operational and is the official agency in charge of incorporating a business including since the Ministry of Commerce is not part of the business registration process since the beginning of 2009. This One-stop shop has been improved in 2013 and the time for registration has been significantly reduced.
    Once payment has been made at the cashier of the BTCI, the receipt has to be given to the CFE.

    The cost are the following:
    Court (XOF 8,250) + Tax authority stamp (XOF 1,000) + One-stop shop (Centre de Formalité des Entreprises) (XOF 20,000) + online publication (XOF 5,000).
    2 days see procedure details
    * 5

    Payment of all the fees at the cashier (BTCI)

    Agency: Cashier of BTCI

    Payment of the fees is at the cashier of BTCI.
    1 day (simultaneous with previous procedure) included in previous procedure

    * Takes place simultaneously with previous procedure.