OUR SERVICES;                      

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

 

Senegal

 

Senegal, located in West Africa, is a country with a rich history, vibrant culture, diverse economy, and a democratic political system. This page provides an overview of these aspects, highlighting the unique characteristics and contributions of Senegal.

History: Senegal’s history is deeply rooted in ancient African kingdoms and later influenced by European colonization. The region saw the rise and fall of powerful empires such as the Ghana Empire, the Mali Empire, and the Wolof Kingdoms. In the 15th century, European powers, including the Portuguese, Dutch, and French, established trading posts along the coast. Senegal became a French colony in the 19th century and gained independence in 1960. Since then, the country has seen political stability and peaceful transitions of power.

Culture: Senegal is known for its rich and diverse cultural heritage, which is a blend of indigenous traditions, Islamic influences, and French colonial legacies. The Wolof, Fulani, Serer, and other ethnic groups contribute to the country’s cultural mosaic. Senegalese society values communal bonds, extended family networks, and hospitality. Traditional music, such as mbalax, and dance, like the energetic Sabar dance, are integral parts of Senegalese culture. The country is also renowned for its vibrant art scene, with famous artists like Ousmane Sow and fashion designers like Oumou Sy gaining international recognition.

Economy: Senegal has a growing and diversified economy, with agriculture, industry, and services playing significant roles. The agricultural sector employs a large portion of the population, producing peanuts, millet, maize, and fruits. Fishing is also a vital industry due to Senegal’s coastal location. The country has invested in infrastructure development, including the construction of the Blaise Diagne International Airport and the Dakar-Diamniadio Toll Highway. Additionally, Senegal has embraced tourism, promoting its beautiful beaches, historical sites like Gorée Island, and wildlife reserves to attract visitors.

Politics: Senegal is a democratic country with a multi-party political system. The President, elected by popular vote, is the head of state and holds executive power. The National Assembly represents the legislative branch and is composed of elected representatives. Senegal has a strong tradition of democracy, with regular elections and a peaceful transfer of power. The country also plays an active role in regional and international organizations, such as the African Union and the United Nations, advocating for peace, human rights, and economic cooperation.

In conclusion, Senegal’s history, culture, economy, and political system contribute to its unique identity and progress. With a rich heritage rooted in ancient empires and a vibrant cultural scene, Senegal embraces its traditions while embracing modernity. The country’s growing economy, driven by agriculture, industry, and services, reflects its ambition for development. Senegal’s commitment to democracy and regional cooperation positions it as a stable and influential nation in West Africa. Whether exploring its historical sites, enjoying its music and art, or witnessing its democratic processes, Senegal offers a rewarding and enlightening experience for visitors.

 

General Questions 

What is the best type of company for all products and services to operate?
Tax Resident Company (LLC)

How much is a corporate tax in Senegal?
30%

How much is VAT in Senegal?
18%

How much does it cost to register a company in Senegal?
$ 15000 USD

What is the minimum capital required to register a company?
$ 50 USD

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

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

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

The benefit of company registration in Senegal

• Registration of a limited liability company can be done with one shareholder and one manager of any nationality.
• Managers and shareholders do not need to stay in Senegal.
• No minimum capital required to register a company.
• The cost of setting up a company in Senegal is low.
• Cheap manpower and cheap office rent are attractive to investors.
• Suitable infrastructure for exporting the product to neighboring countries by road, rail, sea and air.
• Senegal is a secure country with a stable political democracy.
• Government incentives for foreign companies, such as exemption from import duties on the company’s equipment and machinery.

The disadvantage of company registration in Senegal

• Corporate income tax is high in Senegal.
• All company registration documents must be translated into French.
• Bureaucracy and widespread corruption in the Senegalese government

Type of company registration

Limited Liability Company (LLC)
S.A. Company or Anonymous Company
Economic interest group (G.I.E)
The Individual Company
Company in Collective Name (SNC)
Limited Partnership (SCS)
Joint venture

The company registration process

• Apply for company registration
• Specify multiple unique names for the company and approve one name for the company
• Preparing and adjusting the company’s articles of association with the specifications of the approved name, type of company, company goals, names of shareholders and amount of shares, names of managers, determining the type of company, company goals, address and telephone number of the company.
• Company registration in the Companies Registration Office
• Opening a bank account and transferring the company’s capital to a bank account
• Preparation of company seal
• Register the company in the tax office and obtain a special code
• Registration of the company in the social security office for personnel