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Chad

Legal form:

CHAD, LLC, Corporation

Delivery:

3 days

Price: $

3000

Payment methods:

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Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Chad

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Chad

Capital
Official languages
Population 
Currency

ISO 4217

N'Djamena

French and Arabic

15,757,175 (as of July 2020)

Republic of Chad Franc

XAF

FAQ

Frequently Asked Questions for Company Formation in Chad:


1. What are the different types of companies that can be registered in Chad?

   - The types of companies that can be registered in Chad include sole proprietorship, partnership, limited liability company, and public limited company.


2. What are the minimum requirements for company formation in Chad?

   - The minimum requirements for company formation in Chad include a minimum of two shareholders, a minimum share capital of XAF 1,000,000 for a limited liability company, and a minimum of seven shareholders and XAF 10,000,000 for a public limited company.


3. How long does it take to register a company in Chad?

   - The process of registering a company in Chad takes approximately 7-14 business days.


4. What is the process for registering a company in Chad?

   - The process for registering a company in Chad involves the following steps:

     1. Reservation of the company name

     2. Drafting the articles of association

     3. Notarization of the articles of association

     4. Obtaining a tax identification number

     5. Registering with the trade register

     6. Registering with the tax authorities

     7. Obtaining a business license


5. What are the tax obligations for companies in Chad?

   - Companies in Chad are subject to a corporate income tax rate of 30%, a value-added tax (VAT) of 18%, and a withholding tax on dividends, interest, and royalties.


6. What are the labor laws in Chad?

   - The labor laws in Chad include a minimum wage, working hours, annual leave, and social security contributions.


7. Is it necessary to have a local partner to register a company in Chad?

   - It is not mandatory to have a local partner to register a company in Chad, but it is recommended to have a local representative who can assist with the registration process and with navigating the local business environment.


8. What are the annual compliance requirements for companies in Chad?

   - Annual compliance requirements for companies in Chad include filing annual financial statements with the tax authorities, renewing business licenses, and submitting tax returns.

Economy

Chad has a largely agrarian economy, with over 80% of its population relying on subsistence farming. The country is rich in natural resources, including oil, uranium, and gold, but its economy is hampered by a lack of infrastructure and political instability. According to the World Bank, Chad’s GDP in 2019 was estimated at $14.2 billion, with a GDP per capita of $1,092. The country’s inflation rate was estimated at 4.2% in 2019, while its unemployment rate was estimated at 8.2%. The country’s main exports are crude oil, cotton, and livestock, while its main imports are food, machinery, and chemicals. Despite its economic challenges, Chad has made progress in recent years, with the World Bank noting that the country’s poverty rate has decreased from 56.7% in 2011 to 48.3% in 2018.

Taxation

Taxation in Chad is regulated by the General Tax Directorate (DGI) under the Ministry of Finance. Both individuals and corporations are subject to taxation on their income in Chad.


Personal Income Tax:

In Chad, individuals are required to pay taxes on their income, including salaries, wages, and other sources of income. The tax rate is based on a progressive tax system, where the tax rate increases as the income increases. The tax rates for individuals range from 0% to 60%, depending on the income level. The tax year in Chad runs from January 1st to December 31st. 


Corporate Income Tax:

Corporations in Chad are also required to pay taxes on their income. The corporate income tax rate in Chad is a flat rate of 30%. The tax year for corporations in Chad is also from January 1st to December 31st.


Process and Calendar for payments:

In Chad, the tax payment process involves filing a tax return and paying the tax due within 30 days after the end of the tax year. For individuals, tax returns are due on March 31st of the following year. For corporations, tax returns are due on April 30th of the following year.


In addition to income taxes, there are other taxes and fees that individuals and corporations are required to pay in Chad. These include value-added tax (VAT), withholding tax on dividends, interests, and royalties, and social security contributions.


In summary, Chad requires both individuals and corporations to pay taxes on their income. The tax rates are based on a progressive tax system for individuals and a flat tax rate for corporations. Tax returns are due within 30 days after the end of the tax year, and there are other taxes and fees that individuals and corporations are required to pay.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

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