Invest in Mali

placeholder

Mali, three arguments for investing

A strategic geographic location with preferential access to sub-regional markets

Mali’s investment climate is favorable and competitive, and the geographic location is strategic. With seven neighboring countries sharing nearly 7,000 km with them: Algeria to the North, Niger and Burkina Faso to the East, Côte d’Ivoire to the South, Guinea Conakry and Senegal to the West, and Mauritania in the North-West.

This makes this country a strategic passage, beyond its internal market, for regional and sub-regional markets, in particular, UEMOA (Economic and Monetary Union of the ‘West Africa, nearly 124 million consumers and a GDP of over $ 295 billion) and ECOWAS (Economic Community of West African States, more than 350 million consumers and a GDP of more than 628 billion dollars) or even continental AU (African Union, 1,273,226,720 consumers, and a GDP of nearly 2,849 billion dollars).

A range of legislation protecting investors

Investment and mining codes in line with international economic dynamics. Here, several criteria are to be retained regarding the competitive aspect of these codes. Respect for the principle of non-discrimination (1): foreign and national investors enjoy the same rights; foreign companies can repatriate all capital and profits (2); the company’s share capital can be 100% foreign (3): respect for foreign ownership; an effective settlement system (4): Mali is a member of the International Center for the Settlement of Investment Disputes (ICSID) and of the Common Court for Justice and Arbitration (CCJA) of the Organization for Harmonization in Africa of Business Law (OHADA); investments are guaranteed (5): investments are guaranteed by Article 15 of the treaty establishing the Multilateral Investment Guarantee Agency (MIGA).

An economy which is in its integration phase

Mali remains an economy where it is necessary to build value chains in several sectors and branches of activity. The industrial fabric offers a wide range of opportunities: agro-food (1), livestock (2), mines (3), energy (4), meat (5), infrastructure (6) and even culture (7), are all sectors and branches of activity which abound with enormous investment prospects.

Mali, The Four Productive Sectors

Investing in agriculture in Mali: a dynamic market for the cereal value chain

Mali has nearly 36 million uncultivated arable land. Obviously, this is the country with the best irrigation potential in the region. With over 300 days of sunshine and over 600mm of rainfall per year, the southern part of Mali presents ideal conditions for growing a range of oilseeds, including rice and maize (API-Mali) .

  • Second largest public budget for agriculture in West Africa (1);
  • One of 7 African countries to reach the 10% CAADP target (2);
  • Strong government commitment through the Ministry of Agriculture and specialized technical agencies (3): National Directorate of Rural Engineering (DNGR), rural infrastructure, National Department of Agriculture (DNA), extension, national seed service, certified seeds, strong commitment from the private sector thanks to a dynamic chamber of agriculture and its regional representations (APCAM);
  • Reduction of VAT and customs taxes on imported equipment and inputs for the agricultural industry; the investment code provides for advantages for productive investments (4);
  • Fertilizer subsidies: 48% to 64% subsidy on fertilizers for the production of the main cereals (5).

Investing in meat in Mali: creating a viable value chain

Following the Agency for the Promotion of Investments in Mali: Mali is the second largest producer of cattle in West Africa behind Nigeria with 30% livestock in total and first in the UEMOA area (1); Malian cattle experience an annual growth of 3% for cattle and 5% for sheep / goats (2); Malian cattle are characterized above all by their robust genetic diversity: Ø8 breeds of cattle Ø6 breeds of sheep Ø 5 breeds of goats Ø 5 breeds of horses (3); this covers the entire range of breeds in the region, which are well adapted to local climatic conditions (4).

Investing in the dairy sector in Mali: taking advantage of competitive advantages

Studies by the agency for the promotion of investments in Mali, ten reasons justify investment in this sector in Mali: main producer of milk in the region (1); production concentrated around Bamako (2); strong and naturally protected domestic market (3): 4th largest importer in the region in a landlocked country; strategic location for future exports (4): the 3 main importers in the region are immediate neighbors; Land, water, climate (5): the 3 ideal conditions for Mali to remain the natural regional leader in the breeding ; largest and most diverse livestock base in the region, including large dairy breeds (6); thanks to its tradition of shepherds, Mali has preserved and improved its traditional know-how (7); presence of the most prestigious farms in the region and good veterinary services (8); livestock remains an essential priority, as shown by the dedicated share of expenditure for the public sector (9); competitive investment specific to the dairy industry and a general investment climate in Mali (10).

Investing in energy

The total potential Primary Energy Savings expected by 2030 is 22,600 GWhs (API, invest in Mali): Lighting: 26%; Industries: 20%; Buildings: 19.3%; Transport: 13%; Electricity production: 12%; Appliances: 5%; Electricity distribution: 4.8%. Faced with this potential, an increase in the demand for meat consumption

The OHADA code (Organization for the Harmonization in Africa of Business Law) is that applicable to business creation in Mali. This legal and judicial system distinguishes with the Malian administration two main categories of companies: personal companies or natural persons (the patrimony of the entrepreneur and that of the company are combined) and companies or legal persons (having a legal personality). autonomous, companies have their own assets).

Mali, All About Business Creation

1. Formalities to create a sole proprietorship in Mali

Steps Documents to provide Administration concerned Deadline
1st step: constitution of the file · 1 copy of birth certificate;
· 1 extract from criminal record;
· 1 certificate of nationality ;
· 1 certificate of residence;
· 1 copy of marriage certificate if applicable;
· Town hall;
· Registry of the court of first instance;
· Registry of the court of first instance;
· Police station;
· Town hall
Same day;
Same day;
Same day;
Same day;
Same day;
2nd step: submission of the file Collected records One-stop shop of the Investment Promotion Agency 72 working hours

For the creation of a sole proprietorship, the notary and taxes are not involved, the entire creation procedure is done at the One Stop Shop. The creation costs are: 8,000 FCFA for a general trade establishment, provision of services, retail trade and 12,000 FCFA for an import / export trade establishment as well as individual businesses with approval.

2. Formalities for setting up a company in Mali

Steps Documents to provide Administration concerned Deadline
I. Company constitution 1- Drafting of articles of association
2-Registration of articles of association with the Tax Department
3-Registration in the Trade Register and Crédit Mobilier at the clerk of the commercial court
4- Publication in the Official Journal
Investment Promotion Agency One week from the filing of all the required documents
II. Obtaining the tax registration number Stamped application accompanied by supporting documents Tax center of the municipality of the company’s head office 48 hours
III. Obtaining the statistical number (NINA = National Identification Number) Application for registration accompanied by supporting documents (commercial court register, etc.) Investment Promotion Agency 48 hours
IV. Registration of the company at the National Institute of Social Security (INPS) Application for registration accompanied by supporting documents relating to the company and employees INPS Registration Department 15 days after the start of the activity
V. Establishment opening certificate Establishment opening declaration accompanied by supporting documents (statute and internal regulations, employee employment contract ..) Industry Department of the National Employment Agency (ANPE) 1 day maximum
VI. Company statement Company statement Labor inspection 8 working days maximum after the creation of a company

The costs of setting up a company are as follows in FCFA: for an SA: 500,000 F of notary fees and 8,500 F to be paid at the Guichet Unique; for SARL / SARL-UNI, GIE, SNC, SCS, SUC / FIL / SARL: 250,000 F for notary fees and 6,000 F to be paid at the One Stop Shop; for SUC / FIL / SA: 500,000 F for notary fees and 8,500 F to be paid at the Guichet unique.



How can we help you?

Contact us at your nearest ADM office or submit a business inquiry online.