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The country is under sanctions by the United Nation’s Security Council and/or the UK Government. Currently B2B Hub is not providing legal and financial services for the present country.

Sudan

Legal form:

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Delivery:

3 months

Price: $

$500

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

Sudan

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Sudan

Capital
Official languages
Population 
Currency

ISO 4217

Khartoum

Arabic and English

41,093,399 (as of July 2020)

Sudanese Pound

SDG

FAQ

FAQ for Company Formation in Sudan:


1. What is the process of company formation in Sudan?

The process of company formation in Sudan involves several steps such as selecting a business activity, selecting a company name, submitting the required documents, and registering the company with the Commercial Registry.


2. What types of companies can be formed in Sudan?

Several types of companies can be formed in Sudan, including sole proprietorship, partnerships, limited liability companies, and joint-stock companies.


3. What is the minimum capital required to start a business in Sudan?

There is no minimum capital required to start a business in Sudan, but companies must have enough capital to cover their initial expenses and operational costs.


4. What are the documents required for company formation in Sudan?

The documents required for company formation in Sudan include a business plan, articles of association, company bylaws, shareholder agreements, and a commercial registration certificate.


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

Companies in Sudan are subject to corporate income tax, which is charged at a flat rate of 15% on taxable profits.


6. Can foreign investors own 100% of a company in Sudan?

Yes, foreign investors are allowed to own 100% of a company in Sudan.


7. Is there any special economic zone in Sudan?

Yes, Sudan has established several special economic zones to attract foreign investment and promote economic growth, including the Suakin Economic Zone, the Red Sea Economic Zone, and the Al-Gaili Industrial Park.


8. Are there any incentives for foreign investors in Sudan?

Sudan offers several incentives for foreign investors, including tax exemptions, customs duty exemptions, and reduced land lease fees.


9. Can foreigners work in companies formed in Sudan?

Yes, foreigners can work in companies formed in Sudan, but they are required to obtain a work permit from the Ministry of Labor.


10. What is the role of the Commercial Registry in company formation in Sudan?

The Commercial Registry is responsible for registering all companies in Sudan, issuing commercial registration certificates, and maintaining company records.

Economy

"Sudan's economy has been struggling in recent years due to a number of factors, including civil unrest, economic sanctions, and a lack of foreign investment. However, the country has made some progress in recent years, with GDP growth reaching 3.5% in 2019, according to the World Bank. This growth was driven by increased agricultural production, improved access to finance, and increased public investment in infrastructure. Inflation has also been on the decline, dropping from a high of 40.7% in 2018 to a more manageable rate of 16.2% in 2019.

The country's unemployment rate remains high, however, at around 20%. This is due in part to the lack of job opportunities in the formal sector, as well as the large number of refugees and internally displaced persons in the country. The government has taken steps to address this issue, including launching a job creation program and providing vocational training to young people.

Sudan's external debt has also been a major issue, with the country owing over $50 billion to foreign creditors. The government has been working to reduce this debt burden, and has secured debt relief from the International Monetary Fund and the World Bank.

Overall, Sudan's economy is showing signs of improvement, but there is still much work to be done in order to ensure long-term stability and growth."

Taxation

Taxation in Sudan:


In Sudan, both individuals and corporations are subject to taxation. The tax system is administered by the Sudanese Tax Authority (STA) and the Ministry of Finance and National Economy.


Corporate Tax:

- The corporate tax rate in Sudan is 15%.

- Corporations are also subject to a 2% Zakat (Islamic wealth tax) on their net profits.

- Capital gains tax is also levied on companies at a rate of 10%.


Personal Income Tax:

- The personal income tax rates in Sudan are progressive and range from 0% to 20%.

- Individuals earning up to SDG 2,000 (Sudanese Pounds) per month are exempt from paying income tax.

- There is also a 2% Zakat (Islamic wealth tax) on the net profits of individuals.


Tax Payment and Calendar:

- The fiscal year in Sudan runs from January 1 to December 31.

- Employers are required to withhold taxes from employees' salaries and remit them to the tax authorities on a monthly basis.

- Corporations and individuals must file tax returns with the STA by April 30th of the following year.

- Advance tax payments are required to be made by June 30th, September 30th, and December 31st.

- Late payment of taxes is subject to penalties and interest charges.


It is recommended that individuals and corporations seek professional tax advice from qualified Sudanese tax consultants to ensure compliance with all relevant tax laws and regulations.

Company incorporation application form

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Chosen company name

Main business activity

Legal address of director

Extra services

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PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

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