Sudan company registration

DOING BUSINESS IN SUDAN IN 2018

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

Summary table of Sudan company registration

SummaryTax resident LLCFast business setup solutionFree zone LLCRepresentative officeBranch office
Also known asSharakah dhat masyuwlih mahduduhSharakah dhat masyuwlih mahduduhSharakah dhat masyuwlih mahduduhMaktab tamthiliinMaktab firei
Best use of company?All products and servicesClose a customer deal nowManufacturing and import/exportMarketing & researchSpecific projects
How soon can you invoice Clients/sign sales contracts?3 months2 months3 monthsCannot trade3 months
How soon can you hire staff?3 months2 months3 months3 months3 months
How soon can you sign a lease agreement?1 week1 week1 week1 week1 week
How long to supply corporate bank account numbers?6 weeks4 weeks6 weeks6 weeks6 weeks
How long to supply company registration/tax numbers?3 months2 months3 months3 months3 months
Corporate tax rate on annual net profits?15%15%0%0%15%
Limited liability entity?YesYesYesNoYes
Government grants available?YesYesYesNoYes
Government approval required for foreign owners?NoNoNoNoNo
Resident director/partner/manager/legal representative required?YesYesYesYesYes
Minimum paid up share capital?US$1US$1US$50,000US$1US$1
Can bid for Government contracts?YesYesYesNoYes
Corporate bank account location?Bank of KhartoumFirst Abu Dhabi BankUnited Capital BankNational Bank of EgyptQatar National Bank
Can secure trade finance?YesYesYesNoYes
VAT payable on sales to local customers?17%17%0%0%17%
Average total business set up engagement costs?US$17,700Request a proposalRequest a proposalUS$18,150US$18,700
Average total engagement period?4 months3 months4 months4 months4 months

Sudan company registration summary

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages of Sudan company registration

    business registration in Sudan

    1. There are certain benefits available for our Clients investing in Sudan including:
      • Sudan has been in accession negotiations with the World Trade Organization since 1994, and is actively seeking to reenter discussions on accession;
      • Sudan has large supplies of petroleum and gold, with exports of both commodities accounting for about US$6 billion of income. Petroleum levels have peaked but revenue levels are expected to hold steady for the decade, while gold revenue is expected to double in the next few years;
      • Sudan’s free trade zones offer the following benefits: i) 100% corporate tax exemption for 15 years ii) 100% personal tax exemption for expatriates in these zones iii) 100% import and export duty exemption on goods entering or exiting the zones iv) tax exemption on purchase of real estate within the zone and v) free repatriation of capital from the zone;
      • A Sudanese company can be registered with 1 director and 2 shareholders. The shareholders need not be Sudanese residents or nationals. Hence, the company may be 100% foreign owned;
      • Sudan has concluded several bilateral investment agreements with countries including China, Germany, Netherlands and Switzerland. Furthermore, the country has signed bilateral taxation treaties (to prevent double taxation of income) with countries like South Africa and United Kingdom.
  • Disadvantages of Sudan company registration

    1. Since 1997, Sudan economy has been suffered under the weight of the sanctions imposed by the United States. Consequently, it may not be profitable for our Clients to work in Sudan;
    2. To register a Sudanese company, it is mandatory to invest at least US$25,000. It is possible the capital requirement may be even higher based on the nature of our Client’s business;
    3. Sudan authorities are highly bureaucratic, making the company registration process extremely time consuming and expensive;
    4. Sudan is ranked as one of the most corrupt countries in the world by Transparency International in their 2015 Corruption Perceptions Index, which is a global measure of corruption amongst public officials and politicians;
    5. Due to Sudan’s fragile political and economic condition, the Heritage Foundation is unable to rank the country in their annual Index of Economic Freedom, which is a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets;
    6. Sudan is negatively ranked as the 159th easiest jurisdiction in the world by the World Bank in their annual Doing Business survey.

Company registration

  • Time to incorporate: Eight weeks
  • Cost to set up: US$17,700
  • Minimum capital: US$25,000
  • Physical office required: Yes

Required appointments

  • Shareholders: 2
  • Directors: 1
  • Company secretary: No
  • Resident director: Yes

Key facts

  • Corporate tax rate: 15%
  • Corporate tax base: Worldwide
  • Shelf companies: Unavailable
  • Main company type: Limited company

Business set up strategy
Compare similar high-risk countries
Resident director services

Contact us

For additional information on our company registration 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