Mauritania Info
Joined: 23 Feb 2007
Posts: 13
Home Country: mauritania
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 Posted: Mon Mar 05, 2007 5:01 am Post subject: DOING BUSINESS IN MAURITANIA / MAURITANIA BUSINESS GUIDE |
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DOING BUSINESS IN MAURITANIA
STARTING A BUSINESS
STANDARDIZED COMPANY
Legal Form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
Minimum Capital Requirement: 1,000,000
City: Nouakchott
Registration Requirements:
Procedure 1. Deposit the legally required initial capital in a bank and obtain deposit evidence.
Time to complete: 8 days
Cost to complete: no charge
Procedure 2. Deposit the Company's Deed and Articles of Association with the notary
Time to complete: 1 day
Cost to complete: UM 150
Comment: The law in Mauritania does not require the notarisation of the Status for Limited Liabilities Companies. However the Commercial Court had always required such Status to be notarised.
Procedure 3. Register the company with the "Direction des Domaines"
Time to complete: 1 day
Cost to complete: UM 1,000 (or UM 100 per page for stamps)
Comment: Direction des Domaines is responsible for recording legal act in terms of a register number, the date and the denomination. A specimen of the act is preserved in theory indefinitely.
The fee schedule for the name registration is as follows:
0-2 millions UM: 2 %
2 -5 millions UM: 1.5 %
5 -10 millions UM: 1 %
> 10 millions UM: 0.5 %
Procedure 4. Registration with the Clerk's Office for Commercial Registry (Greffe du Tribunal de Commerce)
Time to complete: 5 days
Cost to complete: 4% of capital
Procedure 5. Publication in a newspaper
Time to complete: 5 days
Cost to complete: USD 50
Comment: It takes UM1,000 and 3 months to publish on an official gazette.
Procedure 6. Register with the Tax Department "Direction Générale des Impots" and get a fiscal number.
Time to complete: 1 day
Cost to complete: no charge
Procedure 7. Obtain a compliance certificate from the Central Bank of Mauritania in preparation to apply with the Ministry of Economic Affairs and Development "Guichet Unique".
Time to complete: 10 days
Cost to complete: UM 20000
Procedure 8. Application with Ministry of Economic Affairs and Development "Guichet Unique" to benefit from the incentive regime of the Investment Code
Time to complete: 45 days
Cost to complete: UM 20000
Comment: Because of the high normal level of taxation, almost all companies apply for the Guichet Unique to benefit from the incentive regime of the Investment Code. The Guichet has in principle 45 days to notify the founder on its decision, yet this is not respected in practice.
Procedure 9. Register for Social Security with the "Caisse Nationale de Sécurité Sociale"
Time to complete: 1 day
Cost to complete: no charge
Procedure 10. Apply to the Ministry of Labour for a permit to start a lucrative business
Time to complete: 4 days, depending on complexity of drafting and availability of notary
Cost to complete: no charge
Comment: Any person who needs to exercise a lucrative activity in Mauritania needs to apply for a permit from the Labour Ministry. The permit is of unlimited duration.
Procedure 11. Send a notification letter of starting the business to the Labour Inspector
Time to complete: 1 day
Cost to complete: no charge
TAXATION
The major indirect taxes are import duties, a turnover tax on exports and mining companies, a value-added tax (VAT), excise levies on petroleum, tobacco, a service tax, and a tax on vehicles. In 2003, the standard VAT rate was set at 14%. The major direct tax is an income tax on wages and salaries; a general income tax and a tax on the profits of industrial and commercial corporations are also imposed. |
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