Business entities in Burundi

Business entities in Burundi

Healy Consultants will assist our Clients with incorporating the optimal corporate structure in Burundi. There are several ways of doing business in Burundi, the most common being the setting up of a limited liability company. Foreign entrepreneurs may also opt to set up a public limited company, a branch office or a representative office.

The Burundi limited liability company (SARL/SURL)

Complete procedures for company setup in BurundiThe Burundi limited liability company (LLC, locally known as SARL) must appoint at least 1 director and 1 individual shareholder (2 shareholders if one of the shareholder is a corporate), who can be of any nationality. The minimum paid-up share capital required to complete the Burundi company setup is US$1. Burundi LLCs are also required to appoint a statutory auditor and to submit annual audited financial statements.

The Burundi public limited company (Société anonyme – SA)

  • The Burundi public limited company (PLC), locally known as a SA, requires a minimum capital of US$1 for incorporation. At least 3 shareholders and 2 directors must be appointed, who can be of any nationality;
  • Like LLCS, the Burundi PLC’s annual financial statements must be prepared and an audit must be submitted every year. A Burundi PLC must also appoint an approved auditor.

The Burundi free zone company

In order for entities to be eligible for registration in Burundi’s special investment zones, they are required to i) export all production ii) create substantial value to the country for instance by employing a majority of Burundi nationals. The free zone companies can be 100% foreign owned and is exempt from all import and export tax.

Table of comparison between Burundi entities

 LLCPLCFree zone company
Also known as:SARLSAFZC
How long to complete Burundi business setup?6 weeks6 weeks6 weeks
How long to open company bank account?4 weeks4 weeks4 weeks
Legal liability?LimitedLimitedUnlimited
Wholly foreign owned?YesYesYes
Minimum paid - up share capital?US$1US$1US$1
File annual tax return?YesYesNo
Tax registration certificate required?YesYesNo
Recommended corporate bank account?EcobankCRDBDTB
Does our Client need to travel?NoNoNo
Resident director or representative required?NoNoYes
Resident shareholder required?NoNoNo
Minimum directors allowed?121
Minimum shareholders?231
Tax identification code needed?YesYesYes
Burundi resident corporate agent required?YesYesNo
Corporate shareholders allowed?YesYesYes
Corporate director(s) allowed?YesYesYes
Statutory audit required?YesYesNo
Burundi corporate tax rate?30%30%0%
Annual financial statements required?YesYesNo
Regulated by?Burundi Investment Promotion AgencyBurundi Investment Promotion AgencyBurundi Investment Promotion Agency
Allowed to issue sales invoices?YesYesYes
Allowed to sign contracts?YesYesYes
Allowed to import and export goods?YesYesYes
Can rent an office space in Burundi?YesYesYes
Can buy Burundi property?YesYesYes
Total Burundi business setup costs in yr. 1?US$10,450US$13,450US$17,950
Subsequent annual costs (incl. accounting and tax fee)?US$3,460US$3,460US$3,460
Sample engagement invoice?

Contact us

For additional information on our business setup services in Burundi, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Paavan Chhabra, directly:
client relationship officer - Paavan
central bank of the Republic of Burundi obr - Burundi revenue Burundi Investment Promotion Authority mcipt Burundi - Ministry of Commerce Industry Posts and Tourism