COMPANY FORMATION IN TUNISIA

BASIC REQUIREMENTS

• Minimum 2 shareholder (Individual/ Corporate Entity).
• Minimum 1 director.
• Minimum 1 director and 1 shareholder should be a local resident. There is no limit on the number of additional local or foreign directors a Tunisian Company can appoint. A director and shareholder can be the same or a different person. A director or shareholder can be the same or different person of any nationality.
• Minimum share capital for registration of a Tunisian company is TND 1000. Paid‐up capital (also known as share capital) can be increased any time after the incorporation of the company.
• A local registered office address is mandatory.
• There is no requirement to be physically present at the time of company registration, but banks in the Netherlands require the physical presence of the company principals at the time of account opening as part of their due diligence procedure.

DOCUMENTS REQUIRED

Individual Shareholder:

• Application forms duly signed by the authorized signatory.
• Passport Copy of the UBOs/ Shareholders/ Directors.
• Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
• Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
• Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.

Corporate Shareholder:

• Certificate of Incorporation of the corporate shareholder (mother company).
• Memorandum & Articles of Association of the mother company.
• Board Resolution detailing the formation of the branch or the subsidiary nominating an authorized manager.
• Passport Copy of the UBOs/ Shareholders/ Directors.
• Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
• Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
• Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.