Business entities in Sudan

Business entities in Sudan

Healy Consultants will assist our Clients with incorporating the optimal corporate structure in Sudan. There are several ways of doing business in Sudan, the preferred structure for most entrepreneurs is the limited liability company (LLC). Alternatively, our Clients can choose a public limited company (PLC) or a branch office or a representative office.

Limited Liability Company (LLC)

    business entity setup for foreigners in Sudan
  • This Sudan business setup is commonly used by entrepreneurs looking to establish long term projects in the country. This entity must have at least 2 shareholders, who may not be Sudanese nationals or residents. However, it is mandatory for company to appoint at least 1 resident director;
  • A Sudan LLC must also deposit a minimum share capital of US$25,000. However, there are no audit requirements or company secretary requirements for this entity.

Public Limited Company (PLC)

  • The minimum share capital requirement for a PLC is US$25,000, however this figure may vary depending on the investor’s intended business in Sudan. At least 7 shareholders and 2 directors must be appointed. While, the shareholders may not be Sudanese residents or nationals, at least one director must be resident in the country;
  • The Sudan Companies Law requires a PLC to appoint an auditor for statutory audit purposes. A company secretary must also be appointed when incorporating this entity. This business entity can apply to be publicly listed in the Khartoum Stock Exchange market, however complex listing requirements dissuade foreign entrepreneurs to consider this option.

Branch Office

  • This Sudan business setup is recommended for entrepreneurs looking to engage in short term projects in the country. This entity is an extension of the parent company and is therefore, not considered as a separate legal entity. Consequently, the parent company is legally liable for all actions against the branch office;
  • The scope of operations for this entity will also be defined by the parent company. To form this entity, it is mandatory to appoint at least 1 resident manager and deposit capital of at least US$50,000.

Representative Office

  • Like a branch office, this entity is also considered an extension of the parent company. A representative office must refrain from engaging in any income generating activity. It may only engage in i) market research and ii) promoting the business of the parent company;
  • It is mandatory to appoint a resident individual to represent the entity is Sudan. This individual will receive all summons and other declarations issued to the entity in Sudan.
  • Table of comparison between Sudan business entities

     LLCPLCBranchRep office
    How long to set the company up?8 weeks8 weeks6 weeks6 weeks
    How long to open company bank account?5 weeks5 weeks5 weeks5 weeks
    Legal liability?LimitedLimitedUnlimitedUnlimited
    Wholly foreign owned?YesYesYesYes
    Minimum paid - up share capital?US$25,000US$25,000US$50,000US$0
    File annual tax return?YesYesYesNo
    Tax registration certificate required?YesYesYesYes
    Recommended corporate bank account?Blue Nile Mashreq BankBank of KhartoumNational Bank of Abu DhabiNational Bank of Sudan
    Does our Client need to travel?NoNoNoNo
    Resident director required?YesYesYesNo
    Sudan shareholder required?NoNoNoNo
    Minimum directors allowed?1211
    Minimum shareholders?2711
    Tax identification code needed?YesYesYesYes
    Sudan resident company secretary required?NoYesNoNo
    Corporate shareholders allowed?YesYesYesYes
    Corporate director(s) allowed?YesYesYesNo
    Sudan corporate tax rate?15%15%15%0%
    Annual financial statements required?YesYesYesNo
    Statutory audit required?YesYesNoNo
    Regulated by?The Zakat ChamberThe Zakat ChamberThe Zakat ChamberThe Zakat Chamber
    Allowed to issue sales invoices?YesYesYesNo
    Allowed to sign contracts?YesYesYesNo
    Allowed to import and export goods?YesYesYesNo
    Can rent an office space in Sudan?YesYesYesYes
    Can buy Sudan property?YesYesYesNo
    Can own equity in other Sudan companies?YesYesYesNo
    Total Sudan Business setup costs in Yr. 1?US$16,700US$18,700US$17,700US$17,150
    Subsequent Annual costs (incl. accounting and tax fee)?US$7,300US$9,300US$8,300US$8,300
    Sample engagement invoice?Sudan LLC invoiceSudan PLC invoiceSudan Branch office invoiceSudan Rep office invoice

Contact us

For additional information on our business setup services in Sudan, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
Sudan ministry of finance and national economy Sudan customs Central Bank of Sudan