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flag Senegal Senegal: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Private Limited Company
Number of partners: Minimum 1 partner.
Maximum 50 partners.
Capital (max/min): FCFA 100,000 divided into shares of FCFA 5,000 minimum.
Shareholders and liability: Liability is limited to the amount contributed.
Public limited company
Number of partners: Minimum 1 shareholder.
Capital (max/min): FCFA 10,000,000 divided into shares of FCFA 10,000 minimum.
Shareholders and liability: Liability is limited to the amount contributed.
The Competent Organization
The National Agency for the Promotion of Investment and Major Projects (APIX).
 
Setting Up a Company Senegal Sub-Saharan Africa
Procedures (number) 3.0 8.0
Time (days) 5.0 34.0

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)

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The Active Population in Figures

201120122013
Labor force 5,687,0005,852,0006,096,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -76.40%77.00%
Men activity rate 88.60%88.30%88.40%
Women activity rate 64.80%66.00%66.10%

Source: UN - United Nations

 

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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, i.e. 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).

Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
CFA 36,244 per month (source: ILO, 2010).
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: 19 to 24% (depending on the nature of activity and the risk of accident or occupational disease)
Social Security Contributions Paid By Employees: 8.6 to 11% (depending on the nature of activity)

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Social Partners

Social Dialogue and Involvement of Social Partners
Practically inexistent.
Unions
Labor Regulation Bodies
Ministry of civil service, employment and professional organizations

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Last Updates: January 2015