Published
Sep 4, 2023
Updates:
Sep 16, 2024
Togo
Price:
Delivery:
Legal forms:
Payment methods:
2 weeks
LLC, LLP, Inc.
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Togo
$
3000
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Registrar
Abbreviation
Phone
Centre de Formalités des Entreprises
CFE
+(228) 22 20 63 60
Location
Capital
Official languages
Population
Currency
ISO 4217
Lomé
Togo
French
9,053,799
XOF
West African CFA Franc
Delivery
-
Certificate of incorporation
-
Articles of association
-
Meeting minutes
-
Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Togo
Q: What is the process for registering a company in Togo?
A: The process for registering a company in Togo involves several steps. These include:
1. Choose a business structure: The first step is to decide on the type of business structure you want to operate. Togo allows for several types of business structures, including sole proprietorships, partnerships, and limited liability companies.
2. Reserve a business name: The next step is to reserve a business name with the Chamber of Commerce and Industry. This can be done online or in person.
3. Obtain a tax identification number: You will need to obtain a tax identification number from the tax authority in order to register your business.
4. Register your business: You will need to register your business with the Trade and Business Registry at the Chamber of Commerce and Industry. This involves submitting several documents, including your tax identification number, proof of address, and a copy of your business plan.
5. Obtain business licenses and permits: Depending on the nature of your business, you may need to obtain additional licenses and permits from other government agencies.
Q: What are the requirements for registering a company in Togo?
A: The requirements for registering a company in Togo include:
1. Choosing a business structure
2. Reserving a business name
3. Obtaining a tax identification number
4. Registering your business with the Trade and Business Registry
5. Obtaining any necessary licenses and permits
In addition to these requirements, you will also need to provide proof of address, a copy of your business plan, and any other supporting documents required by the Chamber of Commerce and Industry.
Q: What is the cost of registering a company in Togo?
A: The cost of registering a company in Togo varies depending on the type of business structure you choose and the number of employees you plan to hire. Generally, the cost includes registration fees, legal fees, and any other fees associated with obtaining licenses and permits.
Q: How long does it take to register a company in Togo?
A: The registration process for a company in Togo typically takes between one to two weeks, assuming that all of the necessary documents are submitted and there are no delays in the processing of the application.
Q: Can foreigners register a company in Togo?
A: Yes, foreigners can register a company in Togo. However, they will need to comply with all of the same requirements as Togolese citizens, including obtaining a tax identification number and registering their business with the Chamber of Commerce and Industry.
Togo is a small West African country with a population of 8.2 million people and a GDP of $7.2 billion. The economy of Togo is largely based on agriculture, which accounts for about 40% of the country’s GDP. The main agricultural products are coffee, cocoa, cotton, yams, cassava, corn, beans, and peanuts. The country also has a significant mining sector, with phosphate being the most important mineral resource. The manufacturing sector is relatively small, but it is growing, with the main industries being food processing, textiles, and construction materials. The services sector is the largest contributor to the economy, accounting for about 50% of the GDP. Tourism is also an important source of income for the country, with the number of visitors increasing steadily in recent years. The government of Togo has implemented a number of reforms to improve the business environment and attract foreign investment. These reforms have resulted in an increase in the country’s economic growth rate, which was estimated at 5.2% in 2019.
Corporate Taxation in Togo:
- Corporate tax rate is 27.5%
- Capital gains are taxed as ordinary income
- There are no specific tax incentives or exemptions for foreign investors
Personal Taxation in Togo:
- Personal income tax rates range from 0% to 35%, depending on income level
- Capital gains are taxed as ordinary income
Tax Payment and Calendar:
- The tax year in Togo runs from January 1 to December 31.
- The deadline for submitting tax returns and paying taxes is March 31 of the following year.
- Corporate income tax payments are made in quarterly installments throughout the year, with the final installment due on March 31 of the following year.
- Individuals are required to make monthly tax payments on their income, with the final payment due on March 31 of the following year.
It is worth noting that the tax system in Togo is relatively simple, and there are limited tax incentives and exemptions available to businesses and individuals. The country has been taking steps to improve its business and investment climate in recent years, including implementing new tax reforms, but it is still considered to be a challenging environment for foreign investors. It is recommended to consult with a tax professional familiar with the specific circumstances in Togo for personalized advice on tax matters.
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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