Registration

STARTING A BUSINESS IN SOMALIA

Registration Process in Somalia
The Investment Permit Application Process for Somalia is easy, simple and requires just few steps:
The steps may slightly different depending on the business form under which investors plan to operate their business.

In Somalia, foreign investors are allowed to incorporate a sole director company and register a fully owned local company without a local shareholder.

Registration Rules

The foreign investor has to register her business with the Registrar of companies at the Ministry of Commerce and Industry (visit http://moci.gov.so/en/).

Type of license

Amount/Duration

Imports & Exports

$300 per year

Factory

A)   $1,000 per year

B)   $500 per year

NB: The license expires every year and the renewal cost is 50% of the original registration fee

Type of licenseIssued byAmount/Duration
Foreign NGO’sMinistry of Foreign Affairs$50
Local NGO’sMinistry of Internal Affairs$500
Type of licenseIssued byAmount/Duration
Level A CertificateMinistry of Public Works$5,000 per year
Level B CertificateMinistry of Public Works$2,000 per year
Level C CertificateMinistry of Public Works$1,500 per year
Level D CertificateMinistry of Public Works$1,000 per year

NB: The license expires every year and the renewal cost is 50% of the original registration fee

Type of licenseIssued byAmount/Duration
License of operationsMinistry of Posts & Telecommunication$10,000 per year
License of Internet providersMinistry of Posts & Telecommunication$2,000 per year

License of Electric suppliers

 

Ministry of Energy & Water

–       Level A

–       Level B

–       Level C

 

$10,000

$5,000

$1,000

 

Type of licenseIssued byAmount/Duration
Private clinicsMinistry of Health$100
Wholesale Drug StoresMinistry of Health$50
License of private hospitals

Ministry of Health

–       Level A

–       Level B

–       Level C

 

$400

$300

$200

Type of licenseIssued byAmount/Duration
Private schoolsMinistry of Education$200
Private UniversitiesMinistry of Education$500

NB: The license expires every year and the renewal cost is 50% of the original registration fee

 

Type of licenseIssued byAmount/Duration
Major TV licenseMinistry of Information$1,000
Medium TV licenseMinistry of Information$700
Major Radio licenseMinistry of Information$150
Medium Radio licenseMinistry of Information$100
Type of licenseIssued byAmount/Duration
Registration & licenseMinistry of Petroleum & Mineral Resources$500
Foreign Fishing CompanyMinistry of Fishery & Marine Resources$5,000

 

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