Eternity Law International — Ready-made company in Sudan

Ready-made company in Sudan

Published:
April 21, 2020

What is included:

  • Ready-made company in Sudan,
  • Local bank account,
  • Legal address

Cost: on request.

Registration of organizations in Sudan up to the last moment excited and excited a limited number of businessmen. However, today in the republic there are more chances and opportunities for profitable investments.

After the start of oil supplies, cash flows from external investors increased. Additional sources began to appear for the development of production related to agriculture or energy.

In the field of investment and infrastructure development of the republic, the authorities provide strong support and create stimulating conditions that attract foreign investors.

When creating a business in the republic, it is necessary to take into account the fact that Sudan is a classic zone for offshore companies. It appears in many lists of jurisdictions of this kind.

Information databases that can transmit information about enterprises registered in the country and their owners and investors are not subject to disclosure.

At present, in Sudan, the legal system is based entirely on Sharia. The level of bureaucratic actions is as high as possible.

This means that foreign investors who have decided to register their business in Sudan will not be able to operate without qualified assistance.

HOW DOES BUSINESS OPEN IN SUDAN

At this stage, the country allows the registration of firms in the form of limited liability. This type does not distinguish companies from similar firms in other jurisdictions.

A foreign citizen can act as a shareholder, legal entities or private individuals become founders.

The amount of investments, capital and all other nuances of registration must be negotiated in advance and fixed with the prior approval of the registration authority.

Founders without fail submit a special application and attach the following package of documents to it.

  1. Memorandum. This document contains information about the specifics of the company, its goals, the amount of capital is indicated, and how it will be distributed.
  2. Declaration of desire to reserve the name of the future company. Usually served in several variations.
  3. A copy of the rules and company charter.

The approval of the name and its adoption takes about three days. This service is paid. The amount of clearance is around 200 pounds.

The employee responsible for registration can give the founders his advice and make changes to the charter. Based on them, the owners prepare the final version of the charter and memorandum.

All these documents are notarized and must contain the signatures of all the founders of the organization.

Further, these documents are approved by the Tax Service. Such a procedure takes place within one day and a state fee is paid for it.

After all of the above actions and approval by all services, the founders begin the creation of an organization in Sudan. This step is carried out in the following sequence.

The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.

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