DOING BUSINESS & COMPANY REGISTRATION IN BURUNDI

Burundi at a Glance

Agriculture accounts for about 50% of Burundi’s Economic Output. Cassava and Sweet Potatoes are the Main Subsistence Crops, while Coffee, tea and Cotton are the Main Cash Crops and Hides and Skins Producing a Valuable Income.

Manufacturing Industry In Burundi is still growing and the Opportunities lie in the following areas;

  • Processing, production, packaging, marketing of agricultural equipment and inputs
  • Production of fruits and vegetables
  • Packaging and transport
  • Research and development on the conservation of agricultural foodstuffs
  • Potential for Agri-food transformation industry (rice, cereals, etc.)
  • Fertilizer plants (phosphates in the north of the country)
  • Cement plants (raw materials available in the northeast)
  • Potential for food processing industry for domestic production i.e. for rice, cereals, tomatoes, milk, vegetables, etc.
  • Untapped opportunities in the construction sector including glass windows and doors, metal bars, tiles, cement production, etc
  • Production of chemicals including fertilizers for breeding and farming
  • Textile and shoe-making industries
  • Pharmaceutical industry as very few medicines are produced locally
  • Almost all manufactured consumer goods are imported offering plenty of opportunities in almost all industries

The Tax Regime in Burundi is Quite Straight forward with the Tax rate for personal Income ranging from 0 to 30 %, Corporation Tax is at 30% and Vat at 18%.

Company Registration in Burundi Summary Table

Entity Subsidiary Company Branch Company
How Long does the Company registration process Take? 15 Days 15 Days
How long Does it take to Open Bank Account?  5 Days 5 Days
After how Long can you Invoice and Hire  20 Days 20 Days
Minimum Number of Directors and Shareholders  1  –
Foreigner Can own the Company 100% Yes Yes
Can the entity hire expatriate staff Yes Yes
Tax Identification Registration required Yes Yes
Access to Burundi double Tax treaties Yes Yes
Can bid for Government Contracts? Yes Yes
Can Secure Trade Finance? Yes Yes
Can Secure an Import and Export Licence? Yes Yes
Can Easily Convert into a PLC? Yes No
Can Secure Work permits for foreign Employees and Directors? Yes Yes
Multi Currency Bank Accounts Available? Yes Yes

 

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