14th April 2021
The Democratic Republic of Congo (DRC) is a land of multiple potentials and investment opportunities. With basic infrastructure currently undergoing total rehabilitation and modernisation throughout the country, a thriving economy, abundant skilled and cheap labour, and an increasingly favourable and reassuring political environment, the DRC, offers an attractive business environment. DRC is arguably the largest market in the heart of Africa.
DRC is strategically located in Central Africa, promoting the expansion of its market to its neighbouring countries and their approximately, 250 million potential consumers.
It is the second largest country in Africa, by area after Algeria, and the fourth most populous country in Africa (behind Nigeria, Ethiopia and Egypt). It is also the most populous French-speaking country. This huge territory (4 times the size of France) sits in the Congo River basin and shares borders with nine countries: the Republic of Congo (Congo Brazzaville), the Central African Republic, South Sudan, Uganda, Rwanda, Burundi, Tanzania, Zambia and Angola.
As part of the process of improving the business climate, DRC is, with the help of development partners, engaged in a broad programme of structural reforms that includes reducing red tape and delays, reducing the costs of operations, transparency of administrative procedures and legal and judicial security in investor affairs.
To do this, several reforms and restructurings have been undertaken with the aim of facilitating and supporting the creation of businesses, including:
- The creation of the National Agency for Investment Promotion (Law No. 004/2002 of February 21, 2002 on the Investment Code)
- The Single Business Creation Window Enterprises, created to provide multiple services in record time to investors
- Replacing the sales tax with a Value Added Tax
Did you know?
This guide gives a brief overview of DRC's National Institutions, tax and labour framework, as well as looking at the country's infrastructure and huge economic potential particularly within the mining sector.
About MGI Strong Nkv
MGI Strong Nkv, audit, accounting and management consulting firm, was established in 1991 and has always had a commitment to quality and ethical practice that has seen us grow to a firm of 40 personnel. The management team has gained a considerable professional expertise, as well as a practical philosophy for providing cost-effective and value-added services. The quality of our firm’s services is strengthened by the commitment given to each client by our partners and our staff.
For any questions relating to doing business in Democratic Republic of Congo, please contact MGI Strong Nkv Partner, Daddy Nkuvu Wena firstname.lastname@example.org or visit the firm’s profile page or website.
View all our Doing Business Guides HERE (login to Member Area required)
MGI Worldwide CPAAI is a top 20 ranked global accounting network and association with 10,000 independent auditors, accountants and tax experts in some 460 locations in almost 100 countries around the world.