Starting a business in Comoros takes approximately 24 days as compared to about 46 days for the Sub-Saharan Africa region. This piece outlines the general technical procedures for starting a business in Comoros, according to the Doingbusiness.org database by the World Bank. It includes details and requirements to be in good standing with all relevant agencies beyond the company registrar like social security agencies.
Use this as a guide while you complete the process and consult with agents carrying out work on your behalf. Additional notes may be found here.
The steps involved in starting a business (Limited Liability Company) in Comoros are:
- Deposit the legally required capital in a bank and obtain the deposit evidence.
- Verify and reserve the company name.
- Deposit and register the company’s articles of association with the public notary.
- Obtain extracts of criminal records of the directors.
- Deposit company statutes at the Ministry of Finance.
- Register the company at the commercial court.
Note: Just before you begin the process to start a business, confirm details with knowledgeable entities. Policies and procedures may alter between the time of this publication and when you start the process. The World Bank provides a list of local partners that helped collect and document business-related procedures here.