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. Key exports include textiles and apparel, food products, petroleum products, chemicals, and phosphates, with about 80% going to the European Union. Tunisia has a stable government, ruled by the same elite since independence and it has relative banking secrecy. CompanyRegistrationsWorldwide.com can assist you in setting up a company in Tunisia.
Setting up a Limited Liability Company (SARL) – what are the main features?
- 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 shareholder, it is called a Company Owned by a Sole Proprietor SUARL
- The partnership shares representing the capital stock are not freely transferable
- The incorporation procedures are simpler than for a Public 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 (SA) – what are the features?
- 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 – what are the main features?
- 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
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