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Gabon

Gabon, a country located on the west coast of Central Africa, has a diverse history, vibrant culture, evolving economy, and complex political landscape. From pre-colonial kingdoms to French colonization, independence, and subsequent challenges, Gabon’s historical journey has played a significant role in shaping its identity and influencing its present realities.

Gabon’s history is characterized by the presence of Bantu-speaking tribes, including the Fang, Bapounou, and Eshira peoples. The region was later colonized by the French in the late 19th century. Gabon gained independence from France in 1960, and since then, it has experienced relative political stability compared to some of its neighboring countries.

Gabonese culture is diverse and reflects the ethnic and linguistic plurality of its population. The country is home to over 40 ethnic groups, each with its own traditions, languages, and artistic expressions. Traditional music, dance, storytelling, and craftsmanship are integral parts of Gabonese cultural heritage. The country also takes pride in its vibrant festivals, such as the Ngil ceremony of the Fang people.

The economy of Gabon is largely dependent on its abundant natural resources, particularly oil, manganese, and timber. The discovery of oil in the 1970s transformed Gabon into one of Africa’s major oil producers, contributing significantly to its economy. However, the country has been striving to diversify its economy, reduce its dependence on oil, and promote sustainable development in sectors such as agriculture, tourism, and services.

Politically, Gabon is a presidential republic, with a multi-party system. The country has witnessed political stability under the rule of the Bongo family, with the late Omar Bongo serving as the president for over four decades. However, there have been debates and challenges regarding political freedoms and governance in recent years. Gabon is actively involved in regional and international affairs, participating in organizations such as the African Union and the United Nations.

As Gabon looks towards the future, it faces various challenges, including the need to address income inequality, improve access to quality education and healthcare, and promote sustainable development. The government has initiated efforts to diversify the economy, attract foreign investment, and implement social programs to uplift marginalized communities. Gabon is also committed to environmental conservation, with a significant portion of its territory covered by national parks and protected areas.

The history, culture, economy, and politics of Gabon contribute to its unique character. While challenges exist, the country’s cultural heritage, natural resources, and resilient population provide a foundation for Gabon’s aspirations to achieve stability, economic prosperity, and social progress. Gabon’s commitment to sustainable development, governance reforms, and regional cooperation positions it as a country with potential for continued growth and positive change.

General Questions

What is the best type of company to operate?
Limited Liability Company (LLC)

How much is a corporate tax in Gabon?
30%

How much is VAT in Gabon?
18%

How much does it cost to register a company in Gabon?
$ 17500 USD

What is the minimum capital required to register a company?
$ 1700 USD

Do company executives should travel to Gabon to complete the company registration?
No need.

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

Is it necessary to have an office physically to register a company?
Yes.

The benefit of company registration in Gabon

A limited liability company can only be registered with one shareholder and one director.
Shareholders and directors can be of any nationality.
The minimum capital required to register a company is $ 1,700.
Gabon is one of the best places to invest in agriculture and forestry.
Gabon, with 2 million hectares of land, is suitable for coffee, cocoa, rubber and palm oil.
85% of the area of Gabon is covered with forests.
Cheap labor and low company costs.
Exemption for export duties on Gabon products to EU, USA, Japan and developed countries.
By registering a company in the Gabonese Free Trade Zones, they enjoy 100% customs duty exemption for 25 years.
Opening a foreign currency bank account for investment companies.
Gabon is the fifth largest oil producer in Africa and has a large investment in oil and petrochemicals.

The disadvantage of company registration in Gabon

Investors must rent a physical office before registering a company.
Company executives must travel to Gabon to register and complete the company process.
A small market for products with a population of about 1.7 million.
Widespread government corruption, bureaucracy and lack of financial transparency.
27 difficult countries in the world to start a business.
Electricity is very expensive in Gabon.
Foreign investors are very difficult to communicate with clients and must be fluent in French, otherwise they must have a translator.

Type of company registration

Limited Liability Company (Societe a responsabilite Limitee)
Public Limited Company (Societe anonyme)
Branch Office (Succursale)
Representative Office

The company registration process

Submit company registration application to Gabon Commercial Office
Specify the company name and receive confirmation
Preparation and regulation of the company’s articles of association, including the name of the company, type of activity, names of shareholders and the amount of shares of shareholders, names of directors, address and telephone number of the company
Opening a bank account and depositing the company’s capital
Registration of the company and publication of an advertisement for starting a business in newspaper
File with the tax office and get a professional license
Prepare a stamp, letterhead
File a case with the Social Security Administration