Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Private Limited Company FCFA 1,000,000 divided into shares of FCFA 5,000 minimum.	Minimum 2 partners. Maximum 50 partners. Liability is limited to the amount contributed.
Public limited company FCFA 10,000,000 divided into shares of FCFA 10,000 minimum.	Minimum 7 shareholders. Liability is limited to the amount contributed.

The Competent Organization: The National Agency for the Promotion of Investment and Major Projects (APIX).

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Senegal.
Agency for Development and Coaching for Small and Medium Enterprises (ADEPME)

Working Conditions

Legal Weekly Duration: The legal weekly working hours are fixed at 40 hours.
Retirement Age: 55 years
Working Contracts: There are two main types of contracts in Senegal.

The contract is a fixed-term contract when the duration is decided in advance, either by the agreement of the parties concerned or if it is maturing at a future date, ie. an element that is certain in the future and which will put an end to the contract. The contract has to be approved by the Labour Inspector if its duration is for more than three months.

The contract that is not subject to any time period or where the duration is not precise is called an open-ended contract. In this case the visa from the Labour Inspector is not compulsory. The work legislation also provides for a trial period of a minimum of 3 months, renewable, for the executive staff and a one month renewable period for workers and other staff (see the National Collective Interprofessional Convention, CCNI).

Minimum Wage: The minimum guaranteed inter professional wages is FCFA 209.10 per hour.
Average Wage: For most of the collective labor agreements, the monthly salary of the first category is approximately FCFA 47,700 for 173 hours of work.
Social contributions: Social Security Contributions Paid By Employers: 7 %.
Social Security Contributions Paid By Employees: 1.3 to 5 % : (depending on the nature of activity and the risk of accident or occupational disease).

Social Dialogue and Involvement of Social Partners: Practically inexistant.
Unions: National Confederation of the workers of Senegal
Labor Regulation Bodies: Ministry of civil service, employment and professional organizations

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