Business entities in Mauritania

Business entities in Mauritania

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

The Mauritania limited liability company (SARL)

    Requirements to setup LLC in Mauritania

  • The Mauritania limited liability company (LLC, locally known as SARL) must appoint at least 1 director and 1 shareholder who can be of any nationality. The minimum paid-up share capital required to complete the incorporation process is US$3,500;
  • Mauritania LLCs are required to appoint a statutory auditor and to submit annual audited financial statements.

The Mauritania public limited company (Société anonyme – SA)

  • This Mauritania business setup is locally referred to as the SA. This entity requires a minimum capital of US$17,000 for incorporation. At least 1 shareholder and 1 director must be appointed, who can be of any nationality;
  • Similar to the LLCs, the Mauritania PLC’s books of accounts must be maintained in French at its registered office in Mauritania. Annual financial statements must be prepared and an audit must be submitted every year. A Mauritania PLC must also appoint an approved auditor.

The Mauritania branch (Succursale)

This Mauritania business setup is deemed as a part of the parent company; as a result, the scope of operations for this entity will be defined by the parent company. Also, the branch office must have a registered office in Mauritania as well as a resident agent appointed by the company to receive summons, notices etc. on behalf of the company.

Table of comparison between Mauritania entities

 LLCPLCLimited PartnershipBranch
Also known as:SARLSASociété en commanditeSuccursale
How long to set the company up?2 weeks3 weeks4 weeks4 weeks
How long to open company bank account?2 weeks3 weeks4 weeks4 weeks
Legal liability?LimitedLimitedUnlimitedUnlimited
Wholly foreign owned?YesYesYesYes
Minimum paid - up share capital?US$3,500US$17,000US$1US$1
File annual tax return?YesYesYesYes
Tax registration certificate required?YesYesYesYes
Recommended corporate bank account?BNP ParibasSociété GénéraleBanque Nationale de MauritanieMauritanian Bank for International Trade
Does our Client need to travel?NoNoNoNo
Resident director or representative required?NoNoNAYes
Resident shareholder required?NoNoNANo
Minimum directors allowed?11NA1
Minimum shareholders?15NA1
Tax identification code needed?YesYesYesYes
Mauritania resident corporate agent required?YesYesYesYes
Corporate shareholders allowed?YesYesYesYes
Corporate director(s) allowed?YesYesYesYes
Statutory audit required?YesYesYesYes
Mauritania corporate tax rate?25%25%NA25%
Annual financial statements required?YesYesYesYes
Regulated by?Ministry of FinanceMinistry of FinanceMinistry of FinanceMinistry of Finance
Allowed to issue sales invoices?YesYesYesYes
Allowed to sign contracts?YesYesYesYes
Allowed to import and export goods?YesYesYesYes
Can rent an office space in Mauritania?YesYesYesYes
Can buy Mauritania property?YesYesYesYes
Total Mauritania business setup costs in yr. 1?US$13,400US$15,400US$15,800US$14,400
Subsequent annual costs (incl. accounting and tax fee)?US$8,020US$9,020US$9,420US$8,020
Sample engagement invoice?Mauritania LLC invoiceMauritania PLC invoiceMauritania LP invoiceMauritania Branch office invoice

Contact us

For additional information on our business setup services in Mauritania, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Karen Lee, directly:
client relationship officer - Karen
ministry of finances central bank chamber of commerce invest in mauritania