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Guide to starting a Business in Mauritania

Staff Reporter | 2:06 AM |

Formal registration of companies has many immediate benefits for the companies and for business owners and employees. Legal entities can outlive their founders. Resources are pooled as several shareholders join forces to start a company. Formally registered companies have access to services and institutions from courts to banks as well as to new markets. And their employees can benefit from protections provided by the law. An additional benefit comes with limited liability companies. These limit the financial liability of company owners to their investments, so personal assets of the owners are not put at risk. Where governments make registration easy, more entrepreneurs start businesses in the formal sector, creating more good jobs and generating more revenue for the government.

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Mauritania. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.
This information was collected from World Bank: Doing Business 

No.ProcedureTime to CompleteAssociated Costs
1Deposit the legally required initial capital in a bank and obtain deposit evidence1 dayno charge
2Deposit the company’s deed and articles of association with the notary1 day2% of capital up to MRO 1,000,000 + 1.5% of capital from MRO 1,000,001 to MRO 3,000,000 + 1% of capital from MRO 3,000,001 to MRO 7,000,000.
3Register the statuts with the Direction des Domaines1 day0.25 % of capital + MRO 200 per page for stamps
4Registration with the Clerk’s Office for Commercial Registry (Greffe du Tribunal de Commerce)2 daysincluded in previous procedure
5Publication in a newspaper2 weeksMRO 20,000 to 30,000
* 6Register with the Tax Department (Direction Générale des Impots) and get a fiscal number1 day (simultaneous with previous procedure)MRO 60,000
* 7Register for social security with the Caisse Nationale de Sécurité Sociale1 day (simultaneous with previous procedure)no charge
* 8Apply to the Ministry of Labor for a permit to start a lucrative business4 days, depending on complexity of drafting and availability of notary (simultaneous with previous procedure)no charge
* 9Send a notification letter of starting the business to the Labor Inspector1 day (simultaneous with previous procedure)no charge
* Takes place simultaneously with another procedure