How To Start A Business in Central Africa Republic

How to Start a Business in the Central African Republic - Step by Step Guidelines

The Central African Republic (CAR) is gradually opening up to investment and entrepreneurship, with reforms aimed at simplifying business registration and promoting economic activity. However, due to political instability, it's advisable to work closely with local professionals and verify current regulations.

Step-by-Step Procedure for Locals

1. Reserve a Business Name:
   Check and reserve your business name at the Commercial Registry (Greffe du Tribunal de Commerce).
   Fee: Approximately XAF 5,000
   Duration: 1–2 days
2. Draft and Notarize Articles of Association:
   Create the company’s bylaws and have them notarized by a local notary.
3. Deposit Share Capital:
   Deposit the minimum required capital in a bank account and obtain a certificate.
   Typical minimum: XAF 100,000 (for an SARL)
4. Register with the One-Stop Shop (Guichet Unique):
   Submit documents to the Guichet Unique at the Ministry of Commerce or the Commercial Court. Registration includes:
   • Taxpayer Number (NIF)
   • Business License
   • Registration in the Trade and Personal Property Credit Register (RCCM)
   Duration: 3–7 days depending on region
5. Register with the Social Security Fund:
   Register the company and employees with the Caisse Nationale de Sécurité Sociale (CNSS).
6. Publish Notice in the Official Gazette:
   Some company types may be required to publish a legal notice of formation.
7. Obtain Sector Licenses (if applicable):
   For regulated sectors such as transport, health, or finance, additional permits are required.

Additional Steps for Foreign Investors

1. Submit Investment Project to ANAPI:
   Foreign investors can submit investment plans to the National Investment Promotion Agency (ANAPI) for assistance and incentives.
2. Obtain Residency or Work Permit:
   Investors intending to reside in CAR must obtain appropriate immigration documentation from the Directorate of Immigration.
3. Open a Foreign Currency Bank Account:
   Required for importing capital and facilitating international transactions.

Useful Resources

• ANAPI – National Investment Promotion Agency
• CNSS – Caisse Nationale de Sécurité Sociale
• Ministry of Commerce and Industry