Business entities in Central African Republic in 2022

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Since 2003, Healy Consultants provides our Clients with the best corporate structures for business in Central African Republic. There are several ways of doing business in Central African Republic, the most common being the setting up of a limited liability company (SARL). Alternatively, entrepreneurs have an option of establishing a public limited company (SA). Foreign legal entities may also set up a branch office or a representative office in the Central African Republic.

The Central African Republic limited liability company (SARL)

  • The Central African Republic LLC is the most preferred legal entity used by entrepreneurs setting up businesses in Central African Republic. A LLC requires only 1 individual director and 1 shareholder, who can either be an individual or a legal entity. The director and shareholder can both be of any nationality and can be resident of any country. A US$1,800 (FCFA 1 million) minimum paid-up share capital is also required to complete the incorporation process;
  • After Central African Republic business setup, this entity is only required to appoint a statutory auditor if its share capital is above US$18,000 or if either i) its annual turnover exceeds US$45,000 or ii) employs more than 50 employees.

The Central African Republic public limited company (SA)

  • The Central African Republic PLC requires at least 1 shareholder who can either be individuals or corporate body to be incorporated. A PLC is mostly preferred by entrepreneurs planning to setup large investments in Central African Republic;
  • The SA requires a paid up share capital of at least US$18,000 to be incorporated. A statutory auditor must also be appointed upon Central African Republic company setup.

The Central African Republic branch

The Central African Republic Companies Law allows foreign companies looking to establish permanent entities in Central African Republic to open branches in the country. The scope of operations for a branch office is defined by the parent company. The branch must appoint at least 1 representative of any nationality to act as the company’s representative in Central African Republic.

The Central African Republic representative office

A Central African Republic representative office is not considered a legal entity and is not allowed to conduct any profit making activities in Central African Republic. A rep office must appoint at least one representative. This entity only has the authority to carry out promotional activities and market products and services of the parent company within Central African Republic.

Comparison table between Central African Republic business entities

  LLC PLC Branch office Rep office
Also known as SARL SA succursale bureau de représentation
How long to set the company up? 19 weeks 20 weeks 20 weeks 18 weeks
How long to open company bank account? 6 weeks 6 weeks 6 weeks 6 weeks
Legal liability? Limited Limited Unlimited Unlimited
Wholly foreign owned? Yes Yes Yes Yes
Minimum share capital? US$1,800 US$18,000 US$1 US$1
File annual tax return? Yes Yes Yes No
Tax registration certificate required? Yes Yes Yes No
Recommended corporate bank account? Ecobank Commercial Bank Centrafrique Ecobank Ecobank
Does our Client need to travel? No No No No
Resident director required? No No No No
Resident shareholder required? No No No No
Minimum directors allowed? 1 1 1 1
Minimum shareholders? 1 1 1 1
Tax identification code (TIN) needed? Yes Yes Yes No
Corporate shareholders allowed? Yes Yes Yes Yes
Corporate director(s)/representatives allowed? No No No No
Central African Republic corporate tax rate? 30% 30% 30% 0%
Annual financial statements required? Yes Yes Yes No
Statutory audit required? No Yes No No
Regulated by? Chamber of Commerce Chamber of Commerce Chamber of Commerce Chamber of Commerce
Allowed to issue sales invoices? Yes Yes Yes No
Allowed to sign contracts? Yes Yes Yes No
Allowed to import and export goods? Yes Yes Yes No
Can rent an office space in Central African Republic? Yes Yes Yes Yes
Can buy Central African Republic property? Yes Yes Yes No
Can own equity in other Central African Republic companies? Yes Yes Yes No
Total Central African Republic business setup costs in Yr. 1 US$15,100 US$17,100 US$16,100 US$14,150
Subsequent annual costs (incl. accounting and tax fee) US$7,450 US$9,450 US$8,450 US$7,450
Sample engagement invoice View invoice PDF View invoice PDF View invoice PDF View invoice PDF

Contact us

For additional information on our business setup services in Central African Republic, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
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