Companies expanding without the help of a global EOR such as G-P have to set up a subsidiary. Your subsidiary is the hub of your operations in Niger and will allow you to hire employees, set up a payroll, and provide compensation and benefits. Therefore, it’s crucial to know how to set up your Niger subsidiary correctly and follow the right Niger subsidiary laws.
How to set up a Niger subsidiary
You can’t begin the Niger subsidiary setup process until you make a few decisions on where you want to incorporate and what entity is best for your business. We recommend starting with the location since different cities or regions can have their own Niger subsidiary laws. Try to find the best place in the country that’s friendly to international investment, or work with a consultant who can steer you in the right direction.
Next, focus on your business goals to see what kind of subsidiary would work best with your desired activity level. You can incorporate as a limited liability company (LLC), public limited company, or branch. Most companies incorporate as an LLC thanks to a wide range of benefits and limited restrictions.
Setting up your Niger subsidiary as an LLC includes the following steps:
- Coming up with 2 names, checking both through the CAC online portal, and choosing the name that’s not already in use.
- Providing objectives for the company.
- Providing the registered principal address of the subsidiary.
- Drafting details of the parent company with a minimum of 1 additional shareholder.
- Meeting the share capital and shareholding requirements.
- Providing details for 2 directors with copies of their identification.
- Providing details on the company secretary.
- Creating a resolution of the parent company authorizing the registration of the subsidiary.
- Drafting the memorandum and articles of association.
- Providing a copy of the certificate of incorporation.
Niger subsidiary laws
Since Niger’s subsidiary laws vary by entity, you need to make sure you follow the right laws for your type of subsidiary. LLCs need at least 1 shareholder and 1 director who can be of any nationality. You also need minimum paid-up share capital of USD 2,000, which should get deposited in an in-country bank account.
The country’s main language is French, and your LLC has to keep its books in French at the company’s registered office. If you don’t have an employee who speaks French, you’ll need to hire a local accountant, consultant, or translator. Then, appoint an auditor who will look at all your financial statements before submitting them to the local tax authorities.
Benefits of setting up a Niger subsidiary
Once you incorporate, you’re ready to run your company in Niger. Your LLC will also help your parent company and subsidiary operate with a degree of protection. Your parent company won’t have to worry about any litigation from the subsidiary, and your subsidiary will be free to choose how it should operate in Niger.
Despite these benefits, G-P offers a better solution. Instead of taking the time to learn how to set up a Niger subsidiary and spending months completing the process, we’ll help you start working in the country in a fraction of the time.
Other important considerations
You need 3 things to set up your Niger subsidiary successfully — time, money, and an expertise. Make sure you have the time and money to travel back and forth to Niger and handle the subsidiary setup process. Then, choose an expert such as a lawyer, accountant, or consultant who can help you stay compliant.
Enter new markets with G-P — no new entities required.
Beat the competition and enter new markets in minutes, not months, with G-P. We’ve paired our industry-leading team of in-region HR and legal experts with our #1 global employment platform to help you hire compliantly in 180+ countries, eliminating the need to set up local entities or subsidiaries.
Get in touch today to learn more about how we can streamline the global growth process.