Burundi

 Burundi f

Official Name: The Republic of Burundi

              Bujumbura

       Kirundi, French, English

          Burundian franc (BIF)

 

OUR SERVICES;

  • Consultation (in person, online, phone)
  • Helping to prepare your documents
  • Start to finish your company registration process
  • Immigration services

Burundi

The Republic of Burundi is a small country within Africa that is considered one of the poorest countries in the world. It is bordered by Rwanda to the north, Tanzania to the south and east, and the Democratic Republic of the Congo to the west. Gross national product per capita in Burundi is the lowest in the world and also the people of this country have the lowest level of life satisfaction. The country’s labor force is 2.990 million people, more than 93% of whom work in agriculture. 68% of its people live below the poverty line.
Its exports include coffee, tea, sugar and cotton to Switzerland (33.7%), the United Kingdom (12.2%), Pakistan (8.5%), Rwanda (5.3%) and Egypt (2.2%). 4%) is issued. Its imports include commodities, oil and petrochemical products and foodstuffs from Saudi Arabia (12.6%), Kenya (8.2%), Japan (7.8%), Russia (4.7%), Britain (4.6%), France (4.4%) and China (4.4%) are imported.

General Questions 

What is the corporate income tax?
30%

How much is the VAT on goods?
18%

How much does it cost to register a company in Burundi?
US $ 125,500

How long does it take to register a company?
3 months

What is the easiest way to immigrate to Burundi?
Investment and work visa

Is it possible to obtain a residence permit in this country with the birth of a child in Burundi?
No. Burundi is not subject to the law of the land and only children born to Burundi’s parents are granted residency.

Can Burundi residency be obtained through marriage?
If you marry a man from Burundi, you will automatically get Burundi residence, but a man cannot get Burundi residence by marrying a Burundian girl.

The benefit of company registration in Burundi

  • Company registration can be with a shareholder and a director of any nationality.
  • You can register a company with a minimum capital of $ 1.
  • You do not need to travel to Burundi to register a company and complete the process.
  • The cost of setting up a company, staff salaries, office rent is very low.
  • Tax exemption for the first 10 years of the company and after that is 15%.
  • Burundi Sea connection with Tanzania via Lake Tanganyika
  • 85% of literate and skilled workers

The disadvantage of company registration in Burundi

  • Burundi is currently embroiled in a civil war.
  • Burundi has no access to the sea.
  • Unfavorable roads and poor infrastructure
  • There is only one airport in the capital
  • There was no railway in Burundi
  • 7% of the country’s regions are connected to proper communication roads.
  • Burundi is a poor country with a corruption rate of 160 out of 174
  • Government employees do not work without receiving bribes or gifts.
  • The official language is French and all company documents must be translated into French.
  • Investors have difficulty communicating with government employees and officials because of the French language.

Type of company registration

Sole Owner Company (SU),
Limited Company (SA),
Partnership with Limited Liability (SPRL),
Limited Liability Cooperative (Cooperative)

The company registration process

  • Submit a company registration application
  • Determine the suggested names and specify the type of activity
  • Preparation and adjustment of the company’s articles of association, including the name, type of activity, names of shareholders and amount of shares, names of directors, address and telephone number of the company
  • Opening a company account and depositing company capital
  • Preparation of company seal
  • Register the company in the notary
  • Submitting company documents to the tax office and receiving the tax code
  • Submitting company documents to the Social Security Administration