Tunisia
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3000
6 weeks
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Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Tunisia
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Registrar
Abbreviation
Phone
Location
Capital
Official languages
Population
Currency
ISO 4217
Tunis
Tunisia
Arabic, French
12,458,223
TND
Tunisian Dinar
Delivery
-
Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
FAQ for company formation in Tunisia
Frequently Asked Questions (FAQ) for company formation in Tunisia:
1. What are the types of business entities that can be formed in Tunisia?
- There are several types of business entities that can be formed in Tunisia, including a sole proprietorship, a limited liability company (LLC), a joint stock company (JSC), a partnership, and a branch office.
2. What is the minimum share capital required for a limited liability company (LLC) in Tunisia?
- The minimum share capital required for an LLC in Tunisia is TND 1,000 (approximately USD 350).
3. What is the minimum share capital required for a joint stock company (JSC) in Tunisia?
- The minimum share capital required for a JSC in Tunisia is TND 60,000 (approximately USD 21,000).
4. What are the steps involved in setting up a business entity in Tunisia?
- The steps involved in setting up a business entity in Tunisia include selecting a unique company name, drafting and notarizing the articles of association, obtaining a certificate of registration from the Tunisian Commercial Register, obtaining a tax identification number, and registering with the social security authorities.
5. Is it possible for a foreigner to own a business entity in Tunisia?
- Yes, it is possible for a foreigner to own a business entity in Tunisia. However, foreign investors must obtain authorization from the Tunisian government for certain types of business activities.
6. What are the tax implications of setting up a business entity in Tunisia?
- The tax implications of setting up a business entity in Tunisia depend on the type of business entity and the nature of its activities. Generally, businesses are subject to corporate income tax, value-added tax (VAT), and social security contributions.
7. What is the timeline for setting up a business entity in Tunisia?
- The timeline for setting up a business entity in Tunisia varies depending on the type of entity and the complexity of the registration process. It can take anywhere from a few weeks to several months to complete the registration process.
8. What are the annual compliance requirements for a business entity in Tunisia?
- Business entities in Tunisia are required to file an annual tax return and submit audited financial statements to the Tunisian Commercial Register. They are also required to hold an annual general meeting of shareholders.
9. Are there any incentives for foreign investors to set up a business entity in Tunisia?
- Yes, Tunisia offers several incentives for foreign investors, including tax exemptions, reduced customs duties, and access to a skilled workforce.
10. What are the main challenges of doing business in Tunisia?
- Some of the main challenges of doing business in Tunisia include a complex regulatory environment, bureaucratic hurdles, and a lack of transparency in some sectors. However, Tunisia offers a strategic location, a relatively low cost of living, and a skilled workforce.
"Tunisia has seen a steady improvement in its economy over the past few years. According to the World Bank, Tunisia’s GDP grew by 2.8% in 2019, up from 2.3% in 2018. This growth was driven by increased investment in the manufacturing and services sectors, as well as a strong performance in the tourism industry. Inflation has also been kept in check, with the inflation rate standing at 4.2% in 2019.
The unemployment rate in Tunisia has also seen a steady decline, dropping from 15.3% in 2018 to 14.2% in 2019. This is largely due to the government’s efforts to create more jobs through public investment and the implementation of labor market reforms.
Tunisia’s external sector has also seen a positive trend, with exports increasing by 8.2% in 2019. This was driven by increased demand for Tunisian products in the European Union and other markets. The country’s current account balance also improved, with a surplus of $1.2 billion in 2019.
Overall, Tunisia’s economy has seen a positive trend in recent years, with steady growth and improved macroeconomic indicators. The government’s efforts to create jobs and attract foreign investment have been key drivers of this growth."
Corporate Taxation in Tunisia:
- Corporate tax rate is 25%
- Capital gains are taxed as ordinary income
- There are tax incentives available for certain types of investment, such as those related to research and development, environmental protection, and job creation
Personal Taxation in Tunisia:
- 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 Tunisia runs from January 1 to December 31.
- The deadline for submitting tax returns and paying taxes is March 31 of the following year for individuals and April 30 for companies.
- Corporate income tax payments are made in two installments during the year, with the first installment due by June 20 and the second installment due by December 20.
- 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 Tunisia's tax system can be complex and subject to frequent changes, and compliance can be challenging for businesses and individuals. It is recommended to consult with a tax professional familiar with the specific circumstances in Tunisia for personalized advice on tax matters.
Application without registration
The first director
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