Starting a business in Senegal

Legal Forms of Companies

Private Limited Company

Number of partners: Minimum 1 partner.
Maximum 50 partners.
Capital (max/min): XOF 100,000 divided into shares of XOF 5,000 minimum.
Shareholders and liability: Liability is limited to the amount contributed.

Public limited company

Number of partners: Minimum 1 shareholder.
Capital (max/min): XOF 10,000,000 divided into shares of XOF 10,000 minimum.
Shareholders and liability: Liability is limited to the amount contributed.

General Partnership

Number of partners: Minimum 2
Capital (max/min): No minimum capital required.
Shareholders and liability: Partners have joint and unlimited liability

Limited Partnership

Number of partners: Minimum 2, one active partner and one silent partner
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited partners who do not participate in management have limited liability. However, general partners or managing partners have joint and unlimited liability

Business Setup Procedures

Source: Doing Business - Latest available data.