Business entities in Mali

Business entities in Mali

Healy Consultants assists our Clients with incorporating the best type of corporate structure in Mali. In order to do business in Mali, our Clients often choose to incorporate a limited liability company. Instead of forming a subsidiary in Mali, foreign companies can also register a branch office or a representative office.

The Malian limited liability company (SARL)

    Setup LLC in Mali
  • The Malian limited liability company (LLC, locally known as SARL) is commonly used by entrepreneurs to setup an SME. A Mali LLC can be formed by one or more individuals or corporates of any nationality. A minimum share capital of US$11,000 will also be required to complete Mali company setup;
  • The management of a Malian LLC is performed by at least one individual, who has to be named in the company’s articles or designated by a collective decision of the shareholders. Corporate directors are not allowed in Mali.

The Malian Public Limited Company (SA)

  • This business entity requires a minimum of US$22,000 as share capital for Mali business setup. Additionally, the SA can be administered by a single individual appointed with the title of Director General or a Board of Directors consisting of at least three members. There are no restrictions as to the nationality or the residency of the directors;
  • To give your company a marketing edge, Healy Consultants recommends our Clients establish a Malian PLC instead of an LLC. They won’t have to list their company on a stock exchange, as this is not required by Malian regulation.

Branch (succursale)

Mali Commercial law stipulates that a branch office can be 100% foreign owned. The range of operations for this entity will mainly be defined by the overseas company. Also, the branch office will have an independent management team and corporate bank account based in Mali.

Representative office (bureau de liaison)

Representative offices of a foreign company are not allowed to make direct sales with Mali. Consequently, this entity can only engage in i) market research and ii) promoting the business of the “parent” company.

Table of comparison between Mali entities

 LLCPLCBranch officeRep office
Also known asSARLSASuccursaleBureau de representation
How long to set up the Mali business?4 weeks6 weeks6 weeks4 weeks
How long to open bank account in Mali?4 weeks4 weeks4 weeks4 weeks
Legal liabilityLimitedLimitedUnlimitedUnlimited
Wholly foreign owned?YesYesYesYes
Minimum share capital?US$11,000US$22,000N/AN/A
File annual tax return?YesYesYesYes
Tax registration certificate required?YesYesYesYes
Recommended corporate bank account?Banque Atlantique MaliEcoBankBank of AfricaEcoBank
Does our Client need to travel?NoNoNoNo
Resident director required?NoNoNoNo
Local shareholder required?NoNoNoNo
Minimum directors allowed1111
Minimum shareholders1111
Resident company secretary required?
Corporate shareholders allowed?
Corporate director(s) allowed?
Corporate tax rate?
NoNoNoNo
Corporate shareholders allowed?YesYesYesYes
Corporate director(s) allowed?NoNoNoNo
Corporate tax rate?30%30%30%N/A
Annual financial statements required?YesYesYesYes
Statutory audit required?NoYesYesYes
Allowed to issue sales invoices?YesYesYesNo
Allowed to sign contracts?YesYesYesNo
Allowed to import and export goods?YesYesYesNo
Can rent an office space in Mali?YesYesYesYes
Can buy Mali property?YesYesYesNo
Can own equity in other Mali companies?YesYesYesNo
Total Mali business setup costs in Yr. 1US$18,050US$20,050US$19,250US$19,300
Subsequent annual costs (incl. accounting and tax fee)US$7,000US$9,000US$8,400US$9,000
Sample engagement invoiceMali LLC invoiceMali PLC invoiceMali Branch invoiceMali Rep office invoice

Contact us

For additional information on our business setup services in Mali, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi