Mali company registration

DOING BUSINESS IN MALI IN 2022

pay fee by instalmentsbusiness setup without travelGuaranteed solutions

Since 2003, Healy Consultants Group PLC has assisted our Clients with starting business in Mali. Our corporate services include i) Mali business registration ii) government license registration iii) corporate bank account opening services in Mali and abroad iv) employee recruitment v) visa strategies and vi) office rental solutions in Mali.

Compare different Mali entities Tax resident LLC Fast setup solution Representative office Branch office
Also known as SARL SARL Bureau de representation Succursale
Best use of company? All products/ svcs Close client deal now Marketing/ research Specific projects
How soon to invoice Clients? 4 weeks 2 weeks Cannot trade 4 weeks
How soon can you hire staff? 4 weeks 2 weeks 4 weeks 4 weeks
How soon can you sign a lease agreement? 1 week 1 week 1 week 1 week
How long to supply corporate bank a/c? 6 weeks 4 weeks 6 weeks 6 weeks
How long to supply co. reg / tax numbers? 4 weeks 2 weeks 4 weeks 4 weeks
Corporate tax rate on annual net profits? 35% 35% None 35%
Limited liability entity? Yes Yes No No
Government grants available? Yes Yes No Yes
Govt approval required for foreign owners? No No No No
Res. director/partner/ legal rep. required? No No No No
Minimum paid up share capital? US$45 US$45 None US$45
Can bid for Government contracts? Yes Yes No Yes
Corporate bank account location? Bank of Africa (BOA) BDM BIM BICIM (BNP Paribas)
Can secure trade finance? Yes Yes No Yes
VAT payable on sales to local customers? 18% 18% None 18%
Average total business set up engagement costs? US$20,050 US$48,910 US$21,300 US$21,250
Average total engagement period? 3 months 2 months 3 months 3 months

Mali business setup summary

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  • Advantages and disadvantages

    Advantages of Mali company registration

    Register Mali company

    1. A Malian limited liability company can be incorporated within 1 month with only 1 shareholder and 1 director, whom can be of any nationality, and a minimum share capital of US$11,000;
    2. Mali offers many investment opportunities for foreign companies willing to venture its market, as demonstrated by a growth rate expected to reach 5% in 2020, according to the International Monetary Fund;
    3. The local Government offers the following tax advantages to foreigners willing to invest in Mali:
      • Business setup by foreign entrepreneurs benefit from generous government incentives in Mali including i) tariff exemption on all imports for up to 3 years ii) corporate and trading tax exemption during up to 8 years and iii) up to 30 years of tax exemption in Mali’s Free Trade Zones, provided such companies sell 20% of their products locally;
      • Foreign entrepreneurs setting up a Mali-based processing company benefit from 2 to 8 years of exemption from i) license tax ii) company tax iii) corporate tax and iv) property tax, provided 60% of the processed raw materials are from Mali;
    4. All companies incorporated in Mali can enjoy the benefits of i) reduced trade barriers; ii) a harmonised monetary policy and iii) an access to the dynamic consumer market of Africa. This is due to Mali’s membership in the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU).

    Disadvantages of Mali company registration

    1. Our Clients often find that complying with Mali’s regulation can often turn into a nightmare. Mali is indeed ranked as the 12th worst regulated country in the world by the World Bank. Mali is also the 66th most difficult place in the world for starting a business;
    2. A Mali-based business will often suffer from a tremendous number of pirated versions of their products. There are no enforceable legal recourse against this problem, as Mali has no regulation governing copyright issues;
    3. Our Clients won’t be able to find easily literate employees in Mali. Only one third of Malian people have completed a high school degree. Less than 7% of them pursue higher education;
    4. Although companies formed in Mali are often given tax exemptions during their starting years, a business in Mali will later suffer high taxes, representing an average 53% of its net profits due to i) a corporate tax rate of 35% ii) Social security contributions of 35% of gross salaries and iii) a VAT of 18%;
    5. The Malian government has made starting a business in Mali more difficult by ceasing to publish online notices of the newly incorporated companies. Healy Consultants will be pleased to assist our Clients by phoning directly the relevant Malian administration;
    6. Beginning from 2018, there has been a substantial reduction in the confidence of foreign entrepreneurs willing to invest in Mali due to the heightened socio-political tension caused by regional disputes and security issues in the country. These issues are further posing major risks to businesses as well as individuals.
  • Best uses for a Mali company

    1. Mali is an attractive place for companies with activities in agriculture, notably cotton. This is commonly the main industry chosen by foreigners willing to register a company in Mali.

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Contact us

For additional information on our company registration services in Mali, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi