Advantages of a Mali company

Registering a company in Mali brings with it the following benefits:
A Mali company which is registered a limited liability entity can be incorporated within 1 month provided there is 1 shareholder and 1 director in place. The director and shareholder can be of any nationality.
Businesses which are established by foreign entrepreneurs stand to benefit from the many generous government incentives offered by the Mali government.
Businesses enjoy a tariff exemption on all imports for 3 years.
Business enjoy trading tax exemption for up to 8 years.
Businesses enjoy up to 30 years of tax exemption in Mali’s Free Trade Zones as long as 20% of the company’s products are sold locally.
The corporate tax rate in Mali is 30%.

Types of Business Entities in Mali

Here is a brief look at the common entities most people consider when they want to do business in Mali. If you prefer a specific entity, feel free to get in touch with us and we will supply you with the specifics.

Limited Liability Company

A limited liability company in Mali can be formed by a corporate entity or one or more individuals from any country. To form this entity, however, a minimum share capital requirement of US 11,000 will be required. The management of the company will fall under the hands of at least one individual in accordance with the company’s articles. It shall also be nominated by a collective decision of the shareholders during the annual general meeting. The law in Mali prohibits having corporate directors running limited liability companies.

Public Limited Company

To start a public limited company in Mali, you must have a minimum capital of $22,000 as the share capital. The administration of the company can be under the hands of a single individual. There are no restrictions on the nationalities of those who can become directors.

Mali Branch Office

It is possible to open a fully foreign-owned branch office in Mali. The nature and range of operations of such an office will be directed by the parent office located overseas. According to the Malian laws, the branch office will be a separate legal entity. This comes complete with a bank account and a team of management in Mali.

A Representative’s Office in Mali

Foreign companies may have representative offices in Mali. However, such cannot take part in any direct sales activities. Such entities can only be used for promoting the parent business in Mali and for market research.

How we can help you

If you are considering forming a business or you need expert help with company registration in Mali, MagickFormations™ is ready to assist you with its skilled team of lawyers, consultants and tax experts. We are committed to making the process as stress-free and streamlined as possible for you, and we will take care of all your document preparation and administrative tasks regarding the registration forms, payment of government fees, local address registration, banking support, etc., whilst always keeping your exact objectives and unique vision in mind throughout the process.

Please use our Formation Wizard if you would like to set up your registered company in Mali or if you would like to know the costs involved prior to proceeding with our exceptional services. For other queries and special requests for complex or customised company formation services, please contact us at connect@magickgroup.com