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 Creation
of free companies |
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Free companies are those subjected
to free zones regulations as under article 14 of Law n*91-048/AN-RW
dated Februry 26th 1991 relating to Code of investment.These
regulations apply to invesments made by promoters regardless
of their nationality in mainly export oriented activities.Free
companies on account of their activities are exempted from all
taxes,duties and taxations of a fiscal,additional,and customs
nature,for a 30 years period.However,such companies remain subject
to common law regulations for sales made on the national territory.The
foreign staff hired by a free company is subject to a fixed
tax regulation on the global income of 15% of the amount of
his wages.Commercial ties among free companies and those established
on the national territory are governed by foreign trade arrangements.Free
companies,in the course of their exploitation are subject to
the following requirements:
- Maintenance of a production sheet;
- Monthly stocks statement for raw materials and consumable
goods as well as for finished products.
- Protection of the environment.
- Offer on the Malian market of products in keeping with Malian
and if necessary international standards.
- Construction of infrastructures enabling the government to
monitor operations for the importation,storage,processing of
fertilizers and those for the exportation of finished products.
- General income tax collection and payment.
- Complete ,genuine and convincing bookkeeping.
- Separate bookkeeping for transactions on the international
market.
- The approval documents for free companies is made up of the
following documents.
- A stamped application addressed to the Minister of Industry
and sent to the National Center for the Promotion of Invesments.
- A seven copies feasibility study stating the goal of the
activity,the name and address of the company,the market,technical,financial
research,the employment plan.
Following instruction,the document of appproval is examined
by a commission made up of representatives from the following
services :
- A chairman representing the Office of the National Center
for the Promotion of Investments.
- A representative from the Internal Revenue Service.
- A representative from the National Trade and Competition
Office.
- A representative from the National Public Health Department.
- A representative from the National Employment,Labor and Social
Security Department.
- A representative from the Customs Office Directorate.
The commission can use the services of any appropriate department
depending on the nature of the projects on the agenda.The secretariat
is provided by the Single Counter.The approval deadline for
a free company is at thirty working days from the date of the
submission of document.Free companies' apprpoval is granted
by order of the Minister of Industy.Free companies are registered
in Mali at National Center for the Promotin of Investment. |
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| THE
SINGLE COUNTER |
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INVESTORS,TO CARRY OUT ADMINISTRATIVE
FORMALITIES FOR THE CREATION OF ENTERPRISES ,GO TO THE SINGLE
COUNTER LOCATED AT THE NATIONAL CENTER FOR THE PROMOTION OF
INVESTMENTS.
WHAT IS THE SINGLE COUNTER?
The Single counter is a structure where all administrative formalities
required for the creation of enterprises are carried out, so
that investors don't have to move from one office to another,
which can sometimes be source of delay.
WHAT ARE THE OBJECTIVES OF THE SINGLE COUNTER?
Among other objectives, we have:
- The simplification and speeding - up of administrative procedures
for the creation of enterprises;
- The reduction of the deadline for the acquisition of formal
approval;
- The reduction of fees for the constitution of applications
for the creation of enterprises;
- The restoration of trust between the government and project
promoters;
- The efficiency of state services;
- The promotion of private investment.
WHAT ARE SERVICES PROVIDED BY SINGLE COUNTER?
The different services that the Single Counter can provide are
the following:
- To put at the disposal of investors enterprise creation application
forms together with the constotuent elements of the file;
- To receive applications for the creation of enterprises;
- To provide investors with all administrative and legal services
needed for the creation of enterprises;
- To issue authorizations to operate.
WHAT SECTORS OF ACTIVITIES ARE COVERED BY THE SINGLE COUNTER?
The sectors of activities covered by the Single Counter are :
industries, building and public construction, real estate, architecture
office, consulting -engineer offices, culture, tourism, public
transportation of persons and goods, establishments rated dangerous,
insalubrious and uncomfortable.
WHAT TYPES OF AUTHORIZATIONS TO OPERATE ARE ISSUED BY THE SINGLE
COUNTER?
Authorizations to operate are granted in the form of :
Registration for:
-buildings, public and particular works entrepreneurs;
-topographical and cartographical works entrepreneurs;
-real estate promoters;
-engineers consulting offices;
-tourism establishments;
-organisers of trips and tours;
-show producers;
-opening of movie theaters
-public transportation of persons and goods.
- Order for establishments rated dangerous, unhealthy and uncomfortable.
- Order for enterprises eligible for the Investment Code.
WHAT ARE THE DEADLINES FOR THE ISSUANCE OF AUTHORISATIONS TO OPERATE?
The deadlines are :
- 72 working hours for registrations;
- 15 working days for orders;
- 30 working days for the Investment Code approval orders.
To speed up the formalities for the creation of enterprises,
a decree has been adopted setting the a posteriori notification
procedure that allows investors, as they submit thier files,
to obtain on the spot, a registration number which stands as
an authrization to operate.Registrations are made at the CNPI
office, orders and approval decisions are granted by the Minister
of Industry.
WHAT ARE THE TEXTS OF REFERENCE?
- Law n* 091-048 / AN-RM dated 26 February 1991 relating to Code
of Investments and its enforcement decree;
- Ordinance n* 02-028 / PRM dated 28 February 2002 relating
to the modification of law n* 96-067 of 03 December 1996 bearing
creation of the National Center for the Promotion of Investment
;
- Decree n* 96-030 / P-RM dated 25 January 1996 setting the administrative
formalities for the creation of enterprises ;
- Decree n* 97-203 / PRM dated 27 January 1997 modifying the
above Decree. |
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Ambassador's
message