Embed Size (px)
Citation preview
FACT SHEET
Algeria Algeria is the second biggest nation in Africa, and the 10th nation on the globe. Algeria, with its people of
more than 37000, hydrocarbon prosperity, growing infrastructure needs, and increasing customer
product requirement, is gaining interest from companies all over the globe. U.S. companies continue to
consider Algeria a growing and increasing market. Long-term economic difficulties include growing the
economic system away from its dependency on hydrocarbon exports, improving the private industry,
gaining international investment, and offering sufficient tasks for young Algerians. Algeria is a big gamer
on the Africa region, not only because of its significant area, but also because of its significant GDP
Company Incorporation in Algeria
The limited liability company is controlled by Article 564 and following Articles of the Commercial
Code. It is established by two or more partners who shall be only liable for losses in proportion to
their contributions. A limited liability company, located in the largest business city and is 100%
domestically owned.
Like local firms, foreign companies have the possibility of opening permanent business
establishments in the form of branches. Registration with the Trade Registry allows the branch to be
considered like a resident Algerian entity, but does not endow it with a legal personality
Licensing in Algeria:
Algeria applies a value-added tax (VAT) to all sales in the country. The VAT rates are 7% and 17%,
based on the product
When the Corporate object under consideration does not correspond to any activity code listed in
the Economic Activity List, a request may be presented to the authorizes on the National Trade
Registry so that an activity code may be created
Accounting and Tax:
Profits earned by firms with legal status shall be subject to an annual tax on corporate profits (IBS)
Algeria applies a value-added tax (VAT) to all sales in the country. The VAT rates are 7 % and 17
%, depending on the product
Corporation tax rate is 30%
Income tax rate is 0% upto 120,000 DZD, since 2011, a flat 25% rate has applied to professionals
and small business whose turnover is between 5 and 10 million DZD.
FACT SHEET Algeria
Type: Limited Liability Company
Under Algeria law, foreigners can own 100%
Share Capital 100,000DZD
Shareholders Minimum Two
Managing Director One
Memorandum and Articles of Association Yes
Can the entity hire expatriate staff in Algeria Yes
Statutory audit required Yes
How long to open Corporate Bank Account One Day
Annual Return Must file
Annual Tax Must file
Access to Algeria double tax treaties Yes
For more details, please contact [email protected]
You can also visit www.intuitconsultancy.com
