| Summary at a Glance | | | | | |
| Total company engagement set up costs (US$) | 14,180 | 20,700 | 21,150 | 20,500 | 23,455 |
| Subsequent annual costs (incl audit & tax) (US$) | 6,450 | 5,800 | 10,610 | 6,950 | 14,730 |
| How long to set the company up? | 1 month | 1 month | 5 weeks | 1 month | 2.5 months |
| How long to open company bank account? | 4 weeks | 4 weeks | 4 weeks | 4 weeks | 4 weeks |
| Issued share capital required to hire expatriates | US$250,000 | US$100,000 | US$62,000 | US$100,000 | US$50,000 |
| Corporate bank account location | First National Bank | First National Bank | Standard Chartered Bank | Standard Chartered Bank | Standard Chartered Bank |
| Corporate tax payable % | 27% | 32% | 30% | 30% | 22% |
| Do you travel for company incorporation? | No | No | No | No | No |
| Legal considerations | | | | | |
| Resident shareholder required? | No | No | No | No | No |
| Resident director required? | No | No | No | No | Yes |
| Minimum number of directors | 1 | 1 | 2 | 2 | 1 |
| Minimum number of shareholders | 1 | 2 | 2 | 2 | 1 |
| Resident company secretary required? | Yes | Yes | Yes | Yes | Yes |
| Individual shareholders allowed | Yes | Yes | Yes | Yes | Yes |
| Corporate shareholders allowed | Yes | Yes | Yes | Yes | Yes |
| Corporate director(s) allowed | No | No | No | No | No |
| Public register of shareholders and directors | Yes | Yes | Yes | Yes | Yes |
| How long to get work permit approved | 2 months | 3 months | 2 months | 3 months | 3 months |
| Tax and accounting considerations | | | | | |
| Corporate tax payable % | 28% | 32% | 30% | 30% | 22% |
| Statutory audit required | Yes | Yes | Yes | Yes | Yes |
| Annual tax return to be submitted | Yes | Yes | Yes | Yes | Yes |
| Access to how many double tax treaties | 71 | 9 | 11 | 8 | 12 |
| Tax exempt free zones available | Yes | Yes | Yes | Yes | No |
| Resident company for local tax purposes | Yes | Yes | Yes | Yes | Yes |
| Withholding tax on international payments | 15% | 10% | 10% | 5% | 10% |
| Can the entity hire expatriate staff? | Yes | Yes | Yes | Yes | Yes |
| VAT rates | 15% | 17% | 5% | 16% | 12% |
| Import and export duties | 10-20% | 20% | 5-20% | 10-25% | 8-25% |
| Monthly Government reporting | No | No | No | No | No |
| Logistics considerations | | | | | |
| Premises lease required before incorporation | No | Yes | Yes | Yes | Yes |
| Allowed to sign sales contracts with local clients | Yes | Yes | Yes | Yes | Yes |
| Allowed to invoice local Clients | Yes | Yes | Yes | Yes | Yes |
| Average monthly salary of skilled labour | US$850 | US$390 | US$450 | US$370 | US$800 |
| Average monthly salary of unskilled labour | US$250 | US$220 | US$250 | US$170 | US$200 |
| English spoken by what % of the population | 56 | 46 | 53 | 61 | 45 |
| Literacy rate % | 93% | 56.1% | 61% | 87.4% | 81% |
| Computer literacy rate % | 52% | 48% | 43% | 45% | 43% |
| Office rental per square meter per month | US$25 | US$22 | US$25 | US$16 | US$21 |
| Warehouse rental per square meter per month | US$20 | US$18 | US$22 | US$14 | US$3 |
| Country rating (out of 100) | 60 | 35 | 40 | 35 | 70 |
| Internet connectivity rating | Excellent | Fair | Fair | Good | Good |
| GDP per capita (US$) | 7,508 | 579 | 1,555 | 865 | 7,191 |
| Population % tertiary enrollment | 107 | 110 | 83 | 113 | 0.15 |
| Global business efficiency index score | 52% | 42% | 48% | 39% | 46% |
| Ease of doing business ranking (lower the better) | 39 | 134 | 131 | 121 | 59 |
| Population | 51 million | 25 million | 169 million | 43 million | 2 million |
| Unemployment rate | 30% | 22% | 24% | 40% | 18% |
| Inflation rate (2013) | 6.4 | 4.52 | 8.2 | 8.29 | 5.6 |
| GDP 2012 US$ billion | $384 billion | $15 billion | $263 billion | $37 billion | $14 billion |
| Average annual growth (2012) | 2.5 | 7.4 | 6.6 | 4.6 | 3.7 |
| Estimate of engagement costs | US$ | US$ | US$ | US$ | US$ |
| Company formation fees | 2,480 | 7,850 | 9,690 | 8,750 | 5,500 |
| Company secretary and legal registered office fees | 1,200 | 3,500 | 3,950 | 2,200 | 4,500 |
| Government fees | 2400 | 1,650 | 1,610 | 100 | 155 |
| Corporate bank account opening | 4,950 | 4,950 | 4,950 | 4,950 | 4,950 |
| Project management fees for a 4 month engagement | 0 | 2,750 | 0 | 0 | 0 |
| Estimate of total outgoings in Year 1 | 14,180 | 20,700 | 21,150 | 20,500 | 23,455 |
| Draft sales invoice attached | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF |
