Senegal

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Operating a Business in Senegal

Types of companies and capital (max/min)	Number of partners/shareholders and liability	Registration fees
Private Limited Company FCFA 500,000	Minimum 2 partners. Maximum 50 partners. Liability is limited to the amount contributed.	About FCFA 215,000 on the basis of a company with a FCFA 500,000 capital.
Public limited company FCFA 2,000,000	Minimum 7 shareholders. Liability is limited to the amount contributed.	About FCFA 400,000 on the basis of a company with a FCFA 2,000,000 capital.

Business setup procedures: Setting up a company in Senegal is relatively quick and easy. A single information point called the National Agency for the promotion of investment and major projects was set up in 2000. It regroups representatives from each ministry that is involved. Thus, the time for setting up a company has considerably reduced: however one should count between 48 hours and a fortnight.
Private Limited Companies and Public Limited Companies are the two most current corporate forms in Senegal. However, other corporate forms such as general partnership, joint-venture company, do exist but remain rare.
The competent organization: National Agency for the Promotion of Investment and Major Projects (APIX).

Legal weekly duration: The legal weekly working hours are fixed at 40 hours.
Retirement age: 55 years
Working contracts: There are two main types of contracts in Senegal.

The contract is a fixed-term contract when the duration is decided in advance, either by the agreement of the parties concerned or if it is maturing at a future date, ie. an element that is certain in the future and which will put an end to the contract. The contract has to be approved by the Labour Inspector if its duration is for more than three months.

The contract that is not subject to any time period or where the duration is not precise is called an open-ended contract. In this case the visa from the Labour Inspector is not compulsory. The work legislation also provides for a trial period of a minimum of 3 months, renewable, for the executive staff and a one month renewable period for workers and other staff (see the National Collective Interprofessional Convention, CCNI).

Minimum wage: The minimum guaranteed inter professional wages is FCFA 209.10 per hour.
Average wage: For most of the collective labor agreements, the monthly salary of the first category is approximately FCFA 47700 for 173.33 hours of work per month.
Social contributions: Social security contributions paid by employers: 7 %.
Social security contributions paid by employees: 1.3 to 5 % : (depending on the nature of activity and the risk of accident or occupational disease).

Social dialogue and involvement of social partners: Practically inexistant.
Unions: National Confederation of the workers of Senegal
Labor regulation bodies: Ministry of civil service, employment and professional organizations

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