Published
Sep 4, 2023
Updates:
Sep 16, 2024
Equatorial Guinea
Price:
Delivery:
Legal forms:
Payment methods:
3 months
EG, LLC, LLP, Inc.
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Equatorial Guinea
$
1700
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Registrar
Abbreviation
Phone
Ministry of Justice and Religion
N/A (handled under the Ministry of Justice)
Location
Capital
Official languages
Population
Currency
ISO 4217
Malabo
Equatorial Guinea
Spanish, French
1,714,671
XAF
Ekwele
Delivery
-
Certificate of incorporation
-
Articles of association
-
Meeting minutes
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Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Equatorial Guinea
Q: What is the process for forming a company in Equatorial Guinea?
A: The process for forming a company in Equatorial Guinea involves registering the company with the Ministry of Industry and Energy, obtaining a tax identification number, registering for taxes, and obtaining necessary licenses and permits.
Q: What are the different types of companies I can form in Equatorial Guinea?
A: The most common types of companies in Equatorial Guinea are the Limited Liability Company (LLC), Joint Stock Company (JSC), and Branch Office.
Q: What is a Limited Liability Company (LLC)?
A: A Limited Liability Company (LLC) is a type of company where the liability of the shareholders is limited to their share capital contribution. LLCs are often used for small and medium-sized businesses.
Q: What is a Joint Stock Company (JSC)?
A: A Joint Stock Company (JSC) is a type of company where the shareholders own the company through the ownership of shares. JSCs are often used for larger businesses.
Q: What is a Branch Office?
A: A Branch Office is a type of company that is established by a foreign company to conduct business in Equatorial Guinea.
Q: What are the minimum requirements for company formation in Equatorial Guinea?
A: The minimum requirements for company formation in Equatorial Guinea include having at least one shareholder, a registered office address, and a minimum share capital contribution of XAF 1,000,000 for an LLC and XAF 10,000,000 for a JSC.
Q: How long does it take to form a company in Equatorial Guinea?
A: The time it takes to form a company in Equatorial Guinea can vary depending on the type of company you are forming and the specific requirements involved. Generally, it can take between one to two months to complete the entire registration process.
Q: What are the tax implications of forming a company in Equatorial Guinea?
A: Companies in Equatorial Guinea are subject to a range of taxes, including corporate income tax, value-added tax, and social security contributions. The specific tax obligations will depend on the type of company you are forming and the nature of your business activities.
Q: What are the ongoing compliance requirements for companies in Equatorial Guinea?
A: Companies in Equatorial Guinea are subject to a range of ongoing compliance requirements, including filing annual financial statements, maintaining proper accounting records, and renewing their business registration and other permits as required. It is important to work with a qualified professional to ensure that you remain compliant with all applicable laws and regulations.
Equatorial Guinea has seen a steady improvement in its economy over the past few years. According to the World Bank, the country’s GDP grew by an impressive 5.2% in 2019, and is projected to grow by 4.2% in 2020. This growth is largely driven by the country’s oil and gas sector, which accounts for over 80% of its exports. The country also has a strong agricultural sector, which contributes around 10% of its GDP. In addition, the government has implemented a number of reforms to improve the business environment, including reducing the corporate tax rate from 35% to 25%. These reforms have helped to attract foreign investment, which has been a major driver of economic growth. Overall, Equatorial Guinea has seen a positive trend in its economy, and is well-positioned to continue its growth in the coming years.
Equatorial Guinea has a tax system that levies taxes on both corporate and personal incomes. The tax system is overseen by the Ministry of Economy and Finance, and taxes are collected by the National Revenue Administration.
For individuals, there is a personal income tax that is levied on both residents and non-residents. The tax rate varies based on the level of income, with rates ranging from 0% to 35%. There are also other taxes and fees such as social security contributions, property taxes, and value-added tax (VAT).
For corporations, there is a corporate income tax that is levied on profits generated in Equatorial Guinea. The corporate tax rate is 35%. There are also other taxes and fees such as social security contributions, property taxes, and VAT.
The tax year in Equatorial Guinea is the calendar year, and tax returns are due on March 31st of the following year. The tax payment process involves the submission of a tax return and the payment of any taxes owed. Taxes can be paid at various authorized banks or through the National Revenue Administration website. Late payment of taxes may result in penalties and interest charges.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
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