June 25, 2024

TRENDING NOW: Bassirou Diomaye Faye Elected Fifth President of Senegal on March 24, 2024  🇸🇳

Sydney 29
For the creation of a sole proprietorship

An Economic Interest Group (GIE), also known as an Economic Interest Grouping (EIG), is a consortium of related businesses, companies, foundations, organizations, or institutes that formally pool their efforts for competitive advantage. Unlike for-profit entities, a GIE operates for collective, public, or social benefit rather than generating profits for its owners1. It serves as an intermediate structure between a company and a partnership, allowing members to collaborate on specific activities.

  1. GIE Formation Process:
    • The application for GIE formation must be submitted by a member of the GIE.
    • Upon receiving the application, the president or the designated person specified in the GIE’s constitution minutes (PV) must appear to sign the commercial register and the establishment declaration.
  2. Required Documents:
    • Three printed copies of the statutes, internal regulations, and the minutes of the constitutive General Assembly (AG).
    • A copy of the members’ identification documents.
    • An extract of the president’s criminal record, dated within the last three (3) months, or a sworn declaration available at the APIX, filled out and signed by the president.
    • An extract of the president’s criminal record from their country of origin (for foreigners).
    • Two fiscal stamps of 2000 FCFA.
    • 65,000 FCFA in filing fees, including 35,000 FCFA for registering the statutes and 30,000 FCFA for clerk fees.

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