Setting up a Business in Algeria

Overview by Globlatrade.net:

Legal Forms of Companies

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
Limited liability company(SARL)
 
 
100 000 DZD in shares (1 000 DZD per share) minimum fully subscribed and paid up.
1 or several partners
 
 
Liability is limited to the amount of capital contributed. .
The registration fees are DZD 9,120 to 9,760, according to the subscribed capital. For secondary registrations rights are DZD 8,960. For amendments, with or without capital increases, rights vary between DZD 3,360 and 4,160.
Joint-stock company (SPA)
 
 
1 million DA
minimum 7 shareholders
 
 
Their liability is limited to the amount of capital contributed.
The registration fees are DZD 9,120 to 9,760, according to the subscribed capital. For secondary registrations rights are DZD 8,960. For amendments, with or without capital increases, rights vary between DZD 3,360 and 4,160.
General partnership (SNC).
 
 
no minimum capital.
minimum 2 partners.
 
 
Their liability is joint and indefinite..
The registration fees are DZD 9,120 to 9,760, according to the subscribed capital. For secondary registrations rights are DZD 8,960. For amendments, with or without capital increases, rights vary between DZD 3,360 and 4,160.
Limited joint-stock partnership
 
 
no minimum capital.
There are two sorts of partners, the active partners and the silent partners.
 
 
The liability of the active partners is joint and indefinite. The liability of the silent partners is limited to the amount of capital contributed.
The registration fees are DZD 9,120 to 9,760, according to the subscribed capital. For secondary registrations rights are DZD 8,960. For amendments, with or without capital increases, rights vary between DZD 3,360 and 4,160.
 
 

Business Setup Procedures

Administrative Formalities
You must obligatorily register with the Register of Commerce prior to carrying out any commercial activity in Algeria. Download a summary of registration formalities with the Register of Commerce drawn up by the Ministry of Commerce. Download the new specimen of the Register of Commerce.
The Competent Organization
National Center of the Register of Commerce.
Time Necessary for Registration
The wait is only a few days, but during this time the legal representative can carry out administrative formalities thanks to the receipt concerning the creation of a company.
 

Recovery Procedures

Principle
In the framework of the safeguard scheme, two legal decisions are generally made:
- being put into receivership, a state where payment stops, it is impossible to face the liabilities due with the current assets.
- bankruptcy, a persistent state where payment stops and receivership is manifestly impossible.
Bankruptcies and receiverships are governed by the Code of Commerce.
Minimum Debt-to-Capital Ratio Triggering Liquidation
No minimum
Bankruptcy Laws
Book III - bankruptcies and receivership in the Code of Commerce

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