Senegal client case studies

  • Energy and industrial services provider establishes Senegal/Singapore subsidiaries

    Background

    • Our client, a Dubai-based energy and industrial services provider, wished to establish a presence in Senegal to provide services to local oil and gas companies;
    • Having found Healy Consultants Group PLC through Google, our Client sent us an email inquiry to obtain more information on the process and timelines to establish a Senegalese company as rapidly as possible;
    • After multiple phone call discussions with our team, our Client confirmed they were interested to proceed with company setup with us.

    Engagement planning

    • Our Client completed and signed our engagement letter and settled the first instalment of our Senegal company incorporation fee to commence the engagement;
    • Healy Consultants Group PLC prepared the draft of the proposed corporate structure for the Senegal company and emailed the same to our Client for review and approval;
    • Our Client provided Healy Consultants Group PLC with scan copies of all due diligence documents required by our firm’s KYC process requirements;
    • Healy Consultants Group PLC prepared a detailed project plan for the step-by-step process of company incorporation and tax registration, as well as a draft business plan for the new company;
    • Our Client confirmed they would not require our assistance to open a local corporate bank account because they did not intend to commence operations immediately.

    Company incorporation

    • Our incorporation team prepared all company incorporation documents and emailed the same to our Client for signatures and courier return to Dakar, Senegal;
    • Healy Consultants Group also requested our Client secure criminal record certificate for all proposed directors from police departments in their respective countries of residence;
    • Thereafter, our incorporation team proceeded to notarise all signed incorporation documents and deposited the minimum share capital with the Public Notary, obtaining deposit proof of the same;
    • Healy Consultants Group PLC then submitted a quality company incorporation application to the Office of Support for the Creation of Enterprise (BCE) in Senegal;
    • Within two days of application submission, Healy Consultants Group PLC obtained i) the new registration certificate ii) the memorandum of association and iii) tax certificate.

    Post-company incorporation

    • Our Client settled the final instalment of our outstanding fees;
    • To comply with Senegal government legal requirements, Healy Consultants Group PLC emailed our Client a sample Senegal company sales invoice;
    • Healy Consultants Group PLC also advised our Client on the monthly and annual accounting and tax filing requirements for their new company in accordance with Senegalese tax laws and regulations;
    • Having completed the Senegal engagement, our Client came back to us requesting we establish a Singapore company to provide the same services;
    • Upon signing our second engagement letter and settling our Singapore company setup fees, Healy Consultants Group PLC prepared the necessary documentation for our Client’s e-signatures;
    • Within three days of receiving the signed documents, Healy Consultants Group PLC provided our Client with a Singapore certificate of incorporation, Bizfile and memorandum and articles of association;
    • Our team collated all corporate documents for the Senegal and Singapore companies and handed them over to our Client’s representative in the UAE.

Contact us

For additional information on our company registration services in Senegal, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon
apix, investment promotion and major projects in Senegal senegal chamber of commerce industry and agriculture senegal ministry of economics and finances IPRES - institution Provident Retreat Senegal social security fund of Senegal senegal-bank