The Gambia, often referred to as the "Smiling Coast of Africa," is an emerging destination for entrepreneurs and businesses seeking to establish a foothold in West Africa. With its strategic location, political stability, and favorable investment climate, The Gambia offers a range of opportunities for business growth and development. The country’s government actively encourages foreign investment through streamlined procedures, tax incentives, and a business-friendly regulatory framework.

Manimama ensures a seamless company registration process in the Gambia. Trust us to provide expert guidance and support, so your business can thrive from day one in the Gambia. Start your journey with confidence, knowing you have the best team by your side.

Legal Opinion about the Gambia as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama

CEO

"The Gambia offers a favorable environment for company formation, with a streamlined process under the Companies Act of 2013 and opportunities for full foreign ownership in most sectors. Businesses benefit from low incorporation costs, tax incentives, and a supportive regulatory framework. However, investors must ensure compliance with local requirements, including registration, tax obligations, and sector-specific licensing. Manimama is ready to help you with business registration in the Gambia".

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Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

Company formation
Registered address for the 1st year
Annual accounting requirement bookkeeping

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Annual Services

Company renewal and registered address
Annual Government Tax
Mandatory Financial Beneficiary Report

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Other Services

Set of corporate documents (certified/apostille)
Nominal service for 1 year
Offshore banking

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Key Numbers about Incorporations

3 weeks

average term of company formation

аt least 1

shareholder in the company

аt least 1

director in the company

27%

corporate income tax (CIT) rate

30%

personal income tax (PIT) rate

15%

value-added tax (VAT) rate

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Set up Your Company in the Gambia in Several Steps

Step 1. Initial setup

Initiating a preliminary project assessment
Preparation and filing of the package of documents

Step 2. Company registration

Choosing a company name
Preparation and notarisation of company documents
Payment of stamp duty and deposit of corporate tax
Getting a tax number (TIN)
Registration at the Gambia Commercial Registry
Obtaining the necessary licenses
Social security registration of employees

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Requirements for Company Formation in the Gambia

Before deciding to set up a new company in the Gambia, read the information below to understand the characteristics of a Private Liability Company (PLC):

Shareholders: at least one shareholder (can be any nationality and can reside anywhere in the world).

Director: at least one director (can be any nationality and can reside anywhere in the world).

Secretary: companies must designate a secretary, who need not necessarily be an employee. Note that a sole director or an employee of a corporation who is a sole director cannot act as a secretary.

Auditor: еach company must engage an auditor who must either be a member of a United Kingdom Accounting body recognised by the Ministry of Finance and Economic Affairs or approved by the Minister. The auditor must not be directly affiliated with the company, ensuring independence in financial scrutiny.

Minimum share capital: no restriction is placed on the minimum or maximum share capital of a company.

Legal address: every company must maintain a registered office in The Gambia, serving as the official address for all communications and notices.

Liability: the liability of members is limited to the extent of their contribution to the capital.

Accounting: сompanies can adopt various accounting systems, provided they offer an accurate and fair view of the finances. If these books are kept within The Gambia, returns disclosing the business’s financial position must be submitted to the Registrar General every six months.

Taxes in the Gambia

Corporate income tax (CIT)

CIT is a tax charged on the earnings of companies, partnerships, or bodies of trust. This could be based on the turnover or chargeable income.

All companies, partnerships or bodies of trust operating in The Gambia are liable to pay CIT. Those incorporated and or controlled in the country are resident companies and are therefore liable to pay CIT on all incomes. Non-resident companies, partnerships or bodies of trust are liable to pay tax only on The Gambian-sourced income.

The CIT rate is the higher of 27% of net profit, or 1% of turnover on audited accounts (or 2% of turnover for unaudited accounts).

Personal income tax (PIT)

PIT is tax charged on the earnings of individuals and their businesses other than companies and partnerships. This could be based on the turnover or net profits.

30%

Value-added tax (VAT)

VAT is a consumption tax levied on taxable supplies of goods and services in The Gambia and on goods imported. It is not a tax on profits.

All consumers of taxable goods and services in The Gambia are liable to pay VAT. Equally all importers of taxable goods or services are liable to pay VAT.

The standard VAT rate is 15%. This rate is applied to all goods and services unless they are specifically exempted. 0% is applied to exports of goods and services.

All businesses with taxable supplies of at least D2, 000, 000 (~€26,300) in a tax year are required to compulsorily register and charge VAT. In addition, businesses with taxable supplies of D1, 000, 000 (~€13,150) and above in a tax year may voluntarily register.

Double taxation avoidance agreements in The Gambia: ‍United Kingdom, France, Norway, Morocco, Nigeria, Saudi Arabia.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in the Gambia:

Expertise in the Gambia Regulations

1. Manimama has an in-depth understanding of the legal and regulatory framework of the Gambia.
2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

1. We have established strong relationships with local authorities, banks, and service providers.
2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

1. We provide continuous support to ensure your business remains compliant with laws of The Gambia.
2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently Asked Questions

What are the key steps to forming a company in the Gambia?

Registration with The Gambia Commercial Registry, obtaining a TIN, and securing any necessary sector-specific licenses.
Can a foreigner own a company in the Gambia?

Yes, The Gambia allows 100% foreign ownership in most sectors.
What is the minimum capital requirement for company formation?

Minimum capital requirements vary depending on the business type and sector, but some industries may have no minimum capital thresholds.
How long does it take to incorporate a company in the Gambia?

The process typically takes a few weeks, depending on the completeness of documentation and licensing requirements.
Is a local director or shareholder required?

No, a local director or shareholder is not mandatory for most businesses, but local representation can be beneficial for navigating regulations.
What are the ongoing compliance requirements?

Annual tax filings, financial reporting, and renewal of business licenses are standard compliance requirements.
Does The Gambia have a double taxation agreement (DTAs)?

Yes, The Gambia has DTAs with several countries to avoid double taxation on income.
What industries are most profitable in the Gambia?

Agriculture, tourism, fisheries, and renewable energy are among the most lucrative sectors for investment.

Semen Kaploushenko

KUNA, CBDO

"Manimama OU went above and beyond to support our international expansion. Their expertise in navigating complex legal frameworks and dedication to our needs made the entire process seamless and stress-free. We are extremely satisfied with their services."

Vadym Grusha

Trustee Wallet, CEO

"Working with Manimama OU was a game-changer for our business. Their team demonstrated exceptional professionalism and provided tailored solutions that met all our legal requirements. I highly recommend their services to anyone looking for reliable legal support."

Yuriy Soshenko

WhiteBit, CLO

"The Manimama team is truly outstanding. Their attention to detail and deep understanding of international regulations ensured the success of our business setup. Their personalized approach made us feel confident every step of the way."

Manimama as the Best Solution for Your Company Formation in the Gambia

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.

Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.

Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.

Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in The Gambia, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in The Gambia and pave the way for your business success.