SomaliaKey facts
- Region
- East Africa
- Corporate tax
- 10%
- VAT
- 0%
- Currency
- SOS
- Time zone
- EAT
- Language
- Somali/Arabic
- Avg. engagement cost (year 1)
- $14,750
Key advantages
- 10% corporate tax.
- Low tax and open markets.
- Local market access.
Entity types
| Type | Full name | Tax | VAT | Min. capital | Setup time | Best for |
|---|---|---|---|---|---|---|
| LTD | Limited Liability Company | 10% | 0% | Ingen | 3–6 weeks | Local trade, regional access |
Frequently asked questions
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Company type· Somalia
Get advice on starting up in Somalia
Klaus Garde Nielsen advises on jurisdiction choice, structure and practical setup.
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