As part of improving the business climate, the Togolese government has announced the liberalization of social capital and the nominal social share, to encourage foreign direct investment.
In council Friday 26 January, the executive took stock of the reforms implemented in the last two months. They focus on five key indicators contained in the World Bank’s latest Doing Business report: business creation, building permit, ownership transfer, contract enforcement and connection to electricity.
In addition to the liberalization of social capital and the nominal social share, the government announced, among other things, the abolition of registration fees and stamp duties and the exemption of the Unique Professional Tax (TPU) in the first year of creation. for companies registered in the Business Formality Center (CFE).
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Togo: State announces liberalization of social capital and nominal social share
Le siège du Centre de formalité des entreprises (CFE)
Nephthali Messanh Ledy
Editor-in-chief of Financial Afrik, Nephthali Messanh Ledy has been representing the media outlet from Lomé for the past two years. In addition to African economics and finance, he is passionate about international news. He holds degrees in International Trade and in Marketing & Communication, and also has a strong interest in social media and football.
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