Mali is an independent landlocked state located in West Africa. It is 8th largest country of the African continent.
If you are planning to establish a company in Mali and open a Mali bank account, then note that:
- The official languages are: French, Bambara;
- The neighboring countries are: Guinea, Mauritania, Senegal, Algeria, Niger, Burkina Faso and Côte d’Ivoire;
- The capital of the state is Bamako;
- West African CFA franc (XOF) is the official currency;
- The country is a member of the following organizations: African Development Bank, AU, ACP, IDB, Franc zone and many others.
The country is the 3rd largest gold and salt exporter in Africa. Owing to this, it can be profitable to register a mining company in Mali.
You can ask for personal advice on company registration procedure in Mali from YB Case.
Business entity types & taxation system
If you want to start a business in Mali and open a corporate account with a Mali bank, then you can choose one of these legal forms:
- Tax resident LLC (SARL);
- PLC (SA);
- Branch;
- RO.
In order to register a SARL in Mali (for SME), you must know the following:
- Two founders of any nationality;
- 100% foreign ownership;
- Financial statements (annually) is mandatory;
- No requirements for the audit;
- Terms of registration are 4 weeks.
If you are intended to set up a SA in Mali, then consider the following conditions:
- Two founders of any nationality;
- 100% foreign ownership;
- Financial statements (annually);
- The audit is required;
- Terms of registration are 6 weeks.
|
Legal form |
Corporate tax |
VAT |
Share capital |
|
LLC |
35% |
18% |
11 000 USD |
|
PLC |
35% |
18% |
22 000 USD |
|
Branch |
35% |
18% |
45 USD |
|
RO |
- |
- |
- |
Preparation of documents
Those, who are interested in registering a company in Mali and opening an account for a Mali company, must provide us with the following documents:
- Documents of the beneficiary, which confirm the identity and place of residence;
- A description of the business;
- A business permit;
- A certificate of criminal record (2 statements).
Beneficiaries will be given an identification number. In addition, they will be registered with the pension and social funds.
How to open your own business in Mali
In order to avoid any difficulties throughout the registration process, contact YB Case. We will help you resolve all issues that arise during the registration process and we provide our clients with qualified advice on how to open a corporate account in Mali.
To learn more, you can receive individual advice on a business organization process in Mali. Also, YB Case experts can provide you with support services in obtaining a business license in Mali.
