Creation of LLCs in Togo will solely be undertaken online from now on

Economic governance
Thursday, 08 April 2021 16:08
Creation of LLCs in Togo will solely be undertaken online from now on

(Togo First) - Henceforth, the registration of Limited Liability Companies (LLCs) in Togo will be exclusively done online. Until the related announcement was made by the minister of Trade, Kodjo Adedze, this process was undertaken both virtually and physically. 

The ministry of trade, industry, and local consumption informs economic operators that from now on they must complete formalities relative to the creation of Limited Liability Companies (LLCs) solely online, via the Center for Business Formalities (CFE) official website (www.cfetogo.tg),” Adedze wrote in a statement addressed to businesspeople. 

The move, according to the minister, directly aligns with the government’s efforts to improve the local business environment, alongside those aimed at digitizing the public administration. 

Under their 2020-2025 roadmap, Togolese authorities want to make the country a digital revolution hub. 

Togo, it should also be noted, owes the various reforms it introduced in recent years the position of best reformer of the ECOWAS and the sixth in Africa, according to the 2020 Barometer of the Council of French Investors in Africa (CIAN) released on March 18, 2021. 

Séna Akoda

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