10 steps to incorporating in South Sudan
Thanks to our business incorporation services in South Sudan, our Client will not have to travel to start his company. Our Firm will indeed complete all procedures on his behalf. Please refer to the South Sudan incorporation timelines page for standard South Sudan company formation timelines to complete the engagement, which is usually completed following the below steps:
PRE-INCORPORATION STEPS
- Before Healy Consultants starts to incorporate our Client’s company in South Sudan, our Firm requests that he or she i) settles our fees requested to project-manage the engagement ii) signs and returns our engagement letter and iii) provides us scans of all the documents required for our due diligence checks;
- Healy Consultants assists our Client to decide on i) proposed company’s name and ii) the optimum South Sudan corporate structure including directors and shareholders;
- Healy Consultants drafts a detailed project plan for the South Sudan company formation engagement. This document maps out the procedures step by step (including those related to the South Sudan corporate bank account opening process). This document is valuable to complete the engagement in full transparency and to confirm to our Client when he can expect the engagement to be completed;
INCORPORATION STEPS
- Healy Consultants i) reserves the company name at the South Sudan One Stop Shop Investment Center (OSSIC) and ii) commissions a local law firm to draft the proposed company’s Memorandum and Articles of Association;
- After we agree with our Client upon the content of the M&AA, our team then i) fills the payment forms obtained from OSSIC at the Ministry of Justice and ii) pays all the company registration fees to Buffalo Commercial Bank and obtains proof of payment;
- Healy Consultants submits all the necessary documentation including i) signed name search forms ii) the memorandum and articles of association and iii) receipt of fees payment to OSSIC and obtains the certificate of incorporation. Subsequently Healy Consultants i) presents the certificate of incorporation ii) fills the necessary forms iii) pays the required fees to the South Sudan State Revenue Authority and iv) obtains an operating license; POST-INCORPORATION STEPS
- After incorporation of the company in Sudan, Healy Consultants i) registers the company for tax with the Ministry of Finance and ii) obtains a trading license from the Juba city authority (the “Payam”), after inspection of the company premises;
- Healy Consultants registers the company with i) the South Sudan Chamber of Commerce for tax clearance ii) the Ministry of Labor as an employer and iii) obtains a company seal from a local seal maker;
- Healy Consultants assists our Client to open two corporate bank accounts in Sudan with a local preferred commercial bank: i) one account will be used to pay up the capital of the company (at least US$100,000) and thereafter receive and make payments ii) the other account will be used solely to withhold monthly social security contributions of the company’s employees working from South Sudan;
- Following completion of all required registrations of the South Sudan company, Healy Consultants will courier to our Client’s preferred international address the complete company kit including i) original corporate documents ii) unopened bank correspondence and iii) a Client engagement feedback survey to assess the quality of our South Sudan company formation services.
