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Legal Forms of Companies

Limited Liability Company (LLC/SARL)

Number of partners: Minimum one shareholder and one director, which may be of any nationality and not be resident in the country
Capital (max/min): XOF 1
Shareholders and liability: Liability is limited to the shares

Public Limited Company (PLC)

Number of partners: Minimum one shareholder and three directors, of any nationality. If the company has more than three shareholders, a board of directors must be appointed (with minimum three directors)
Capital (max/min): USD 18,000 (USD 180,000 in case of publicly traded companies)
Shareholders and liability: Liability is limited to the extent of the shareholders contributions

Limited Partnership (Société en Commandite Simple - SCS)

Number of partners: Minimum one with limited liability and one with unlimited liability
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

General Partnership (SNC)

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

Business Setup Procedures

Source: Doing Business - Latest available data.