When looking for a jurisdiction in which to incorporate, the first thing to look at is the legal code. The body of law in Tunisia is mixed (french civil and sharia law) law. You will want to get some local advice as to how to best structure a company in Tunisia. Electronic signatures are permitted.
The letters TN is for Tunisia and the most common company structure in Tunisia is a LLC(SARL).
It typically takes about 47 Days to incorporate a LLC(SARL) in TN. The minimal capitalization, or amount you're expected to put into a bank, is 0, This means you don't have any minimum share capital. The types of consideration you can use to setup your business is often any legal currency.
. One is typically not permitted to change the jurisdiction.
There must be at least This means it is not possible for you to own a LLC(SARL) in Tunisia as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is allowed, up to 100% of the ownership of the legal entity.
A LLC(SARL) is only required to have one director. Speaking of shareholders, corporate directors are permitted. Directors should not have an expectation of privacy, as they are not kept private in Tunisia. There is a requirement to have annual meetings of shareholders.
A registered agent is normally required, which means the company will have to pay a fee on a yearly basis, for an agent which can receive a service of process on behalf of the company. However, a company secretary is required by law.
There is a requirement to file accounts to relevant authorities. Furthermore, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Tunisia, Registre de commerce de Tunisie. Shareholders are not disclosed in the Registre de commerce de Tunisie.
Typically companies take 47 days to setup and there are 1 director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Tunisia is a ok option and have given it a score of 51 as an IO score, using the Incorporations.IO proprietary formula.
47 Days to form