Company formation in Tunisia – SK Patodia

ADVANTAGES OF COMPANY FORMATION IN TUNISIA

One of the smallest countries in North Africa, Tunisia boasts of being one of the most diversified economies of the North African stretch. The business-friendly government of Tunisia has formulated many policies in Tunisia, which has led to the growth of many sectors like tourism, manufacturing and agriculture.

  • It is also known for its high standard of living with a high level of education and social programs that keep the population in check

  • Primary exports in this territory include chemicals, phosphates, food, and textiles and petroleum products

  • It has a flourishing private equity market

  • It is brimming with highly qualified human resources

REQUIREMENT TO OPEN A COMPANY

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.

OUR SERVICES

Incorporation Services:

  • Company Formation.
  • Registration with Trade Registry along with Tax Stamp.
  • Assistance in the Corporate Bank Account Opening Process.
  • Provision for the Local Registered Office Address in Tunisia for the 1st year.

Other Maintenance & Compliance Services:

  • Renewal for the Local Registered Office Address in Tunisia Annually.
  • Accounting (depending on the volume).
  • Drafting of the financial statements Statutory Audit (depends on volume and complexity).
  • Corporate tax filing (depends on complexity).

TIME PERIOD

The incorporation procedure can be completed in 5 to 10 working days but please consider the time you will take to provide all the necessary valid documents and power to us in correct form.
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