Algeria Info
Joined: 23 Feb 2007
Posts: 14
Home Country: algeria
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 Posted: Sat Feb 24, 2007 8:43 am Post subject: DOING BUSINESS IN ALGERIA / ALGERIA BUSINESS GUIDE |
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DOING BUSINESS IN ALGERIA
STARTING A BUSINESS
STANDARDIZED COMPANY
Legal Form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
Minimum Capital Requirement: 100,000
City: Algiers
Registration Requirements:
Procedure 1. Obtain an attestation on the uniqueness of selected company name from the Centre National du Registre du Commerce (CNRC); pick up registration forms
Time to complete: 1 day
Cost to complete: DA 490
Comment: Da 480 for name research and Da 10 fiscal stamp.
It is necessary to fill out a form listing the four candidate company names and pay a amount of fee. The CNRC does the name search and issues a name certificate on the same day.
Procedure 2. Deposit the start-up capital with the notary public
Time to complete: 1 day
Cost to complete: no charge
Comment: The notary deposits the capital in the bank and obtains a deposit certificate before drawing up the statutes.
Procedure 3. Draw up and notarize the company constitution documents, specimen of managers' signatures and the lease for the registered office of the company
Time to complete: 7 days
Cost to complete: DA 29400
Comment:
5% if the capital of the company is less than 100.000 DA
1% if the capital of the company is between 100.000 and 200.000DA
0.80% if the capital of the company is between 200.001 and 300.000DA
0.05% if the capital of the company is between 1.000.001 and 10.000.000DA
0.05% if the capital of the company is between 10.000.001 and 1000.000.000DA
Procedure 4. Obtain the criminal record and birth certificates of the founders
Time to complete: 2 days
Cost to complete: DA 30
Comment: One can apply for the criminal record (extrait de casier judiciaire) anywhere since 2003 - no need to visit the Clerk of the Court in the birthplace. The criminal record is required from the manager only who must file it with the Trade Register.
Procedure 5. Publish the company constitution on the legal journal (B.O.A.L.) and a nationally circulated newspaper
Time to complete: 3 days
Cost to complete: DA 1960
Comment: The two newspapers are Arabic and French respectively. The fee for one line is DA30 to 43
Procedure 6*. File for company registration with the commercial registry within two months of the formation of the company
Time to complete: 2 days
Cost to complete: DA 9920
Comment: According to law 04-08 (14 April 2004), the registration is completed within one day. However, in practice, it still takes 2 days to obtain the final registration certificate.
Registration fee:
9120 DA if the capital of the company is between 30.001 and 100.000DA
9520. DA if the capital of the company is between 100.001 and 300.000DA
9760DA if the capital of the company is more than 300.000DA
Procedure 7. Pay for the stamp duty and obtain a receipt
Time to complete: 1 day
Cost to complete: DA 4000
Comment: Fiscal stamps are sealed at the fiscal administration. Other stamps are paid at the commercial registry (CNRC
Procedure 8. Open the company's bank account with a commercial bank
Time to complete: 1 day
Cost to complete: no charge
Procedure 9. Register for income tax (Impôt sur le revenu global des personnes physiques, IRG), corporate tax (Impôt sur les bénéfices des personnes morales ou des sociétés , IBS) and VAT with the local tax inspectorate
Time to complete: 2 days
Cost to complete: no charge
Procedure 10. Register for the Caisse Nationale des Assurances Sociales des Travailleurs Salariés ("CNAS")
Time to complete: 1 day
Cost to complete: no charge
Comment:
Three Departments are handling social security matters:
The Caisse Nationale des Assurances Sociales des Travailleurs Salariés ("CNAS"). It receives the declaration of employees
The Caisse Nationale de Sécurité Sociale des Non Salariés ("CASNOS"). It receives the declaration of employers.
The Caisse Nationale d'Assurance Chômage ("CNAC"). it is the competent authority in case of unemployment
Procedure 11. Register for the Caisse Nationale de Sécurité Sociale des Non Salariés ("CASNOS").
Time to complete: 1 day
Cost to complete: no charge
Procedure 12. Register with the Unemployment Insurance Fund (CNAC)
Time to complete: 1 day
Cost to complete: no charge
Procedure 13. Make a company seal
Time to complete: 2 days
Cost to complete: DA 800
Procedure 14. Have company's accounting books stamped at the Court
Time to complete: 1 day
Cost to complete: no charge
Comment: The accounting books must only be stamped when the company starts its business activity.
Note: Procedures sometimes take place simultaneously. Instances of this are marked with an asterisk (*).
LEGAL FORMS OF COMPANIES
Private Limited Company
Partners/ Shareholders:
1 or several partners
Minimum and/or maximum capital:
DZD 100,000 divided into shares (DZD 1,000 by shares) minimum totaly subscribed and released.
Liability:
Liability is limited to the amount contributed.
Registration fee:
DZD 10,000 for registration fees.
Release of financial documents:
Yes
Joint-stock Company
Partners/ Shareholders:
Minimum 7 shareholders
Minimum and/or maximum capital:
DA 1 million
Liability:
Liability is limited to the amount contributed.
Registration fee:
DZD 10,000 for registration fees.
Release of financial documents:
Yes
General Partnership
Partners/ Shareholders:
Minimum 2 partners.
Minimum and/or maximum capital:
No minimum capital.
Liability:
Liability is joint and several, and indefinite.
Registration fee:
DZD 10,000 for registration fees.
Release of financial documents:
No
The Partnership limited by shares
Partners/ Shareholders:
Two types of partners: active partners and sleeping partners.
Minimum and/or maximum capital:
No minimum capital.
Liability:
Active partners' liability is joint and several. Liability of sleeping is limited to the amount contributed.
Release of financial documents:
No
Registration and licensing procedures
First, registration with the Trade Register is compulsory prior to any commercial activity in Algeria. The operator has to contact the National Centre of the Trade Register (CNRC). The registration fees amount to DZD 4,000 (stamps) and DZD 3.950 (common law).
Foreign exchange control
Currency exchange control is rather flexible in Algeria.
Regulations concerning equity investment
A majority holding interest in the capital of a local company is legal in Algeria. |
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