Published
Sep 4, 2023
Updates:
Sep 16, 2024
Sao Tome and Principe
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30 days
STP
Document checklist:
1.Passport
2.Proof of Residence
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Local legal address (Handled by B2B Hub)
Sao Tome and Principe
$
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Registrar
Abbreviation
Phone
Location
Capital
Official languages
Population
Currency
ISO 4217
Sao Tome
São Tomé and Príncipe
Portuguese
231,856
STP
Dobra
Delivery
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Sao Tome and Principe
Q: What is the process for company formation in Sao Tome and Principe?
A: The process for company formation in Sao Tome and Principe involves the following steps:
1. Choose a company name and have it approved by the Ministry of Justice and Human Rights.
2. Draft the company's articles of association and memorandum of association.
3. Obtain a certificate of deposit from a local bank for the share capital.
4. Register the company with the Ministry of Justice and Human Rights and obtain a commercial registration certificate.
5. Register the company with the tax authorities and obtain a tax identification number.
6. Register the company with the social security authorities and obtain a social security number.
Q: What are the requirements for company formation in Sao Tome and Principe?
A: The requirements for company formation in Sao Tome and Principe are as follows:
1. The company must have at least two shareholders and two directors.
2. The company must have a registered office in Sao Tome and Principe.
3. The company's articles of association and memorandum of association must be filed with the Ministry of Justice and Human Rights.
4. The company must have a minimum share capital of 100,000 Dobra.
5. The company must obtain a commercial registration certificate, tax identification number, and social security number.
Q: What is the minimum share capital requirement for company formation in Sao Tome and Principe?
A: The minimum share capital requirement for company formation in Sao Tome and Principe is 100,000 Dobra.
Q: What is the corporate tax rate in Sao Tome and Principe?
A: The corporate tax rate in Sao Tome and Principe is 30%.
Q: Is it possible to form a company with 100% foreign ownership in Sao Tome and Principe?
A: Yes, it is possible to form a company with 100% foreign ownership in Sao Tome and Principe.
Q: What are the annual compliance requirements for companies in Sao Tome and Principe?
A: Companies in Sao Tome and Principe are required to file annual tax returns and financial statements with the tax authorities. Companies are also required to maintain proper accounting records and hold annual general meetings.
"Sao Tome and Principe is an island nation located off the western coast of Central Africa. It has a population of approximately 200,000 people and a GDP of $717 million (2020 est.). The economy of Sao Tome and Principe is largely dependent on agriculture, with cocoa being the main export. Other exports include coffee, copra, and palm oil. Tourism is also an important source of income, with the country receiving over 100,000 visitors in 2019.
The country has seen steady economic growth in recent years, with a GDP growth rate of 4.2% in 2019. Inflation has also been low, with an average rate of 1.7% in 2019. The unemployment rate is estimated to be around 10.5%, with the majority of the population employed in the agricultural sector.
The government of Sao Tome and Principe has taken steps to improve the economy, including the implementation of a new tax system and the establishment of a free trade zone. The government has also invested in infrastructure projects, such as the construction of a new airport and the expansion of the port.
Overall, Sao Tome and Principe has seen positive economic growth in recent years, with a GDP growth rate of 4.2% in 2019 and an inflation rate of 1.7%. The country has also taken steps to improve its economy, such as the implementation of a new tax system and the establishment of a free trade zone. With continued investment in infrastructure and other economic reforms, Sao Tome and Principe has the potential to become a major economic player in the region."
Sao Tome and Principe is a small island nation located off the west coast of Africa. Here is a brief overview of the taxation system in Sao Tome and Principe:
Corporate Taxation in Sao Tome and Principe:
- Corporate tax rate is 30%
- Capital gains tax rate is also 30%
- Dividend income is subject to a withholding tax of 10%
Personal Taxation in Sao Tome and Principe:
- Personal income tax rates range from 8% to 25%, depending on income level
- Capital gains tax rate is 25%
Tax Payment and Calendar:
- The tax year in Sao Tome and Principe runs from January 1 to December 31.
- Tax returns must be filed by April 30 of the year following the tax year.
- Corporate income tax payments are due quarterly, on the last day of the month following the end of the quarter.
- Individual income tax payments are made on a monthly basis, with the final payment due in April of the year following the tax year.
Taxpayers in Sao Tome and Principe are required to keep detailed records of their income and expenses, and may be subject to audits by the tax authorities. Failure to comply with tax laws can result in penalties and fines.
Sao Tome and Principe has also signed several tax treaties with other countries, including Portugal, which can impact the taxation of individuals and corporations with ties to those countries. It is always recommended to consult with a tax professional for personalized advice on tax matters in Sao Tome and Principe.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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