Legal and Compliance
In Senegal, the responsibility of legal compliance is not a one-time affair, but a continuous process. Below is the various Senegal legal and compliance requirement to be followed by incorporated entities:
· Business activities involving public road transport, health, fisheries, and maritime transport require that 50% of the capital must be owned by a Senegalese national.
· Businesses activities involving pharmacies, medical offices, clinics, and education are required prior authorization.
· Limited liability companies must have at least 1 director and 1 shareholder of any nationality. A minimum paid up capital of US$2,000 is required.
· Public limited companies are required to have at least 1 shareholder and 1 director of any nationality. A minimum paid capital of US$20,000 is required
· The scope of allowed activities for branch entities is defined by the Parent company. Branches do not have an independent legal personality or its own assets.
· Branches of foreign entities have a life of 2 years unless extension is granted by the Ministry of Trade.
· Representative offices are not allowed to conduct income generating activities within Senegal. Activities of representative offices are limited to the following:
- Market Research
- Business promotions related to the parent company
YourGlobalPro professionals can assist you with Senegal Legal and Compliance requirements.
HR and Employment Law and Immigration / VISA
Below are some of the important points in relation to HR & employment law in Senegal:
· Labor contracts with term exceeding 3 months must be presented first to the Labor Department.
· The term of fixed term labor contracts including renewals is 2 years. Fixed term labor contracts can only be renewed once.
· Long term contracts may be preceded first by a probation period of at a maximum 6 months.
· Overtime work must be paid at a premium of 10% of hourly rate.
· Paid annual leaves regardless of tenure is a minimum of 24 days.
· Entry visa will be required for Nationals of countries not belonging to the West African Economic and Monetary Union (WAEMU) member countries.
· For any stay lasting more than three months, foreign nationals must apply for a foreigner’s ID card.