Niger - Establishing an OfficeNiger - Establishing an Office
There are no restrictions on foreign companies opening a local office in Niger, though they must obtain a business certificate from the Ministry of Commerce. The “Guichet Unique,” or one-stop-shop, at the local Chamber of Commerce is the first step towards establishing a business in Niger and qualifying for investment incentives. Committed to simplifying the registration process and to establishing an investor-friendly image for Niger, this one-stop-shop aims to reduce the amount of time required for the simple registration of a business to three days. Foreign investors need a notary to register and incorporate companies under the newly created OHADA, a regional initiative to harmonize commercial codes in Francophone Africa. The most common legal forms of incorporation are as the branch of a foreign company (“succursale”), the limited liability company (“Société à Responsabilité Limitée – SARL”) and the public corporation (“Société anonyme – SA”). Once registered, a branch is regarded as a Nigerien judicial entity. Note: In French practice, the notaire or notary has completely different functions from a U.S. notary. The notaire is a specialist in contracts and legal documents.
- All limited liability corporations (SARLs) must have a minimum capitalization of CFA 100,000 (approximately $170) and at least one shareholder.
- The minimum capital required to create a public corporation is CFA 1 million (approximately $1,700) with a minimum of one shareholder.
- Other types of business structures exist and include sole proprietorship, regional office, local agency and distributorship.