REFORMS OVERVIEW

STARTING A BUSINESS (more info)

Drastic reduction in the time needed to register a business at the one-stop shop CFE  • Possibility to create an LLC by private deed  • Liberalization of the social capital and nominal value of social shares • Cancellation of registration fees and stamp duties while starting a business • Online registration of a business  • Interconnecting business databases.

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts  • Creation of chambers of commerce at the Court of Appeal  • Civil and commercial cases now handled by distinct clerks  • Establishment of commercial courts in Lomé and Kara  • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

Creation of an electronic single-window system for external trade .

CONSTRUCTION PERMIT (more info)

Dematerialization of the application process  •Launching of an insurance  • Control of quality during and after construction  •Compulsory credentials for the expert in charge of the construction’s supervision • Delays and procedures reduced

GETTING ELECTRICITY (more info)

Reduction of the time needed to process a request for connection  • Reduction of 50% of the cost to get connected to the medium-tension grid  • Improved power supply ● Dematerialization and centralization of information, and of the procedures of claims and payments .

PROPERTY REGISTRATION (more info)

Reduction of registration fees  • Only XOF35000 to pay for property transfers  • Digitization of land deeds  • The descriptive statement of the land title is issued in 48 hours only!  • Substantial reduction in the time needed to process a full transfer request • Creation of a Property Transfer Office  • Cancellation of second and third stamp duties  • Creation of a one-stop shop for land titles, available online also  • Free access to land data for all .