COMPANY REGISTRATION IN TUNISIA


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Uploaded on May 6, 2020

Category Business

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Category Business

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COMPANY REGISTRATION IN TUNISIA

COMPANY REGISTRATION IN TUNISIA VASUDHA TEWARI TUNISIA Tunisia is a country in Northern Africa, which boarders the Mediterranean Sea, and is located between Algeria and Libya. Tunisia has a diverse, market-oriented economy, with important agricultural, mining, tourism, and manufacturing sectors. The SARL is a company with two shareholders or more whose liability is limited to their contributions When a Limited Liability Company is made up of only one SETTING shareholder, it is called a Company Owned by a Sole Proprietor SUARL UP A The partnership shares representing the capital stock are not LIMITED freely transferable LIABILITY The incorporation procedures are simpler than for a Public COMPANY Limited Company. The minimum capital for a Limited Liability Company is TND 1000, which should be fully paid up at the time of the company’ constitution SETTING UP A PUBLIC LIMITED COMPANY • Requires at least 7 shareholders who can be either natural persons or legal entities • The maximum lifetime of such a company is 99 years • One quarter of the subscribed shares in cash should be paid-up at the time of company’ incorporation • Payment of the balance should be made in one or more instalments within a period of five years from the date of the company’ registration • The shares of a Public Limited Company is required to appoint an auditor for three years with the mandate of checking the accounts of the company and presenting audit reports to the general meeting of the shareholders SETTING UP A TUNISIAN BRANCH The incorporation of a branch is relatively simple The time limit and registration procedures are identical to those relating to Limited Liability Company The directors of a branch act on behalf of the parent company and should therefore have a delegation of power THANK YOU