Includes steps involved in establishing a local office.
Last Published: 8/6/2019

The formation of a company requires:

  • Selection of the company’s legal category (for example, public limited liability, private limited liability);

  • Payment of the requisite minimum legal authorized capital permitting the incorporation of the selected business legal category at a Notary Public;

  • Submission of a certificate of non-conviction of the chief executive officer and, for foreigners, a valid entry visa or residence permit;

  • Registration of the by-laws (articles of association) of the subsidiary by the Registrar at a court of first instance;

  • Application for the tax ID card issuance by a Notary Public;

  • Upfront payment of a  tax on office space rent (20 percent of annual rent); and,

  • Application for and issuance of a business license, which is free of charge for the first two years.

Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.