Togo

Starting a Business in

Togo

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Togo. 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.

This information 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 185 economies. The most recent round of data collection was completed in June 2012.

Compare Togo to 184 other economies.

  • Standardized Company

  • Legal Form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
  • Paid in Minimum Capital Requirement: XOF 1,000,000
  • City: Lomé

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No. Procedure Time to Complete Associated Costs
1 Check the company name


1 day XOF 5,000 (name check)
2 The notary legalizes documents and buys stamps

Company statutes can be executed either by notary act or by private contract. The fiscal stamp fee is XOF 1,500 if the statutes are printed in an A4 format (usually used by lawyers) and XOF 1,000 if printed on a smaller format (usually used by notaries).

2 days about XOF 175,000
3 Deposit the company’s initial capital

When depositing initial capital, company founders must consider that the minimum authorized capital for a limited liability company is XOF 1,000,000, divided into shares whose the 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.
2 days no charge
4 Deposit all the documents for company registration and pay fees at the 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 2012. Documents required at the CFE are : Application form, Copy of the national ID card, Sworn declaration or Criminal records extract, proof of firm's location, 2 pictures of the Directors, 3 copies of the statutes, articles of incroporations.

All procedures previously managed by the entrepreneur itself are now operated by the CFE.

Once payment has been made at the cashier of the BTCI, the receipt has to be given to the CFE.



 20-40 days Court (XOF 8,250) + DGI (XOF 33,000)+ Centre de Formalite des Entreprises (XOF 20,000) + Chamber of Commerce (XOF 15,000) + Authorization of business establishment (XOF 9,000)
* 5 Payment of all the fees at the cashier (BTCI)

Payment of the fees is at the cashier of BTCI.
1 day (simultaneous with previous procedure) included in previous procedure
6 Publication in a national news dailies or the Official Gazette

Within 15 days of commercial registration, founders must place a notice in the Official Gazette or in a daily newspaper entitled to publish legal announcements. Signed by a notary public or by the founders, the announcement must include the following information:

• The company trade name and its initials
• The corporate (or legal) form
• The address of the headquarters
• A short description of the social objective
• The company duration
• The amount of the initial in-cash contribution to capital
• A brief description and valuation of in-kind capital
• The names and residential addresses of the first directors and first auditors
• The document(s) evidencing the authorization of business establishment by the Clerk of the Court (and, if necessary, the effective date of commencement of operations)
• The document(s) evidencing commercial registration at the Register of Commerce and Credit Estate

Fee schedule for notice of company formation:

• One-eighth page: XOF 30,680
• Half page: XOF 111,510
• Quarter page: XOF 61,360
3 days XOF 61,360 (per publication)
* Takes place simultaneously with another procedure.
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