TUNISIA Dr Samir Abdelly Abdelly & Associes North Africa Tunisia: Eagle Building BP 342; les Berges du lac, Cité les Pins ,lots 356,1053 Tunis, Tunisia
Tel: +216 71 967 808 Fax: +216 71 967 788 s.a@abdellyassocies.com www.abdellyassocies.com
Company formations and business entry strategy Tunisia is situated in North Africa, bordering the Mediterranean Sea and close to Europe. The strategic geographic position of Tunisia made it a crossroad of civilizations throughout history, and makes it nowadays a new business opportunities country. The Investment Incentives Code promulgated by the law n° 93-120 of December 1993, sets forth a business entry strategy in favour of either local or foreign investments by stating a wide range of incentives mainly to fully exporting companies, companies operating in regional development zones in addition to general incentives that benefit all companies (eg, collected dividends are income tax exempted). Investing in Tunisia can be by creating new entities in Tunisia, mainly under the form of a joint stock company or a limited liability company. A joint stock company requires at least seven shareholders, who can be natural persons or legal entities with a minimum capital of TND 5,000,00 if it does not call publicly for savings and TND 50,000,00 if it calls publicly for savings according to law n° 2009-16 of 16 March 2009 amending the Companies Code. A limited liability company requires at least two shareholders whose liabilities are limited to their contributions, no capital minimum is required for such company according to the same Law. Investing can be also by creating branches or representation offices in Tunisia of the parent companies, and the related establishment procedures are relatively simple.
Abdelly & Associes North Africa, is well built-in in the Tunisian investments environment. Our law firm, established in Tunisia as a continuity of a long standing family legal tradition from 1923, has grown considerably, presided over by Dr Samir Abdelly since the 90s, who is regarded as a practitioner in many pertinent fields such as energy. Abdelly & Associes is the largest law firm in the area to be accredited with the internationally recognised quality standard. The firm represents the majority of the biggest projects in North Africa and the Middle East. Abdelly & Associes teams are acknowledged to be among the best in Tunisia, Algeria, libya, Mauritania and Dubai. Abdelly & Associes advises a wide range of commercial clients on the structuring, negotiation and documenting of commercial transactions. The firm also advises on: public offerings and private placements; public ventures; privatisations; bank mergers & acquisitions; mutual funds; corporate reorganisations; M&A; full package due diligence and closing deals services; project financing; tax; corporate restricting; corporate governance; agency& distributorship; securities; financial products; capital market law; financial leasing law; bankruptcy & insolvency; business law; commercial law; trade regulations; international transactions; equity & finance; competition law; consumer law; computer law; and, and takeovers. The firms handless issuer bids, proxy contests and preparation, director’s circulars and annual meetings reports.
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