Togo: It is now effective, businesses can be created online via CFE's website

Economic governance
Tuesday, 20 March 2018 15:14
Togo: It is now effective, businesses can be created online via CFE's website

(Togo First) - Business creation in Togo has yet reached another milestone. Indeed, after government reduced various procedures and delay related to the process, it is now possible to create a business online.

Announced since January this year, digitalization of the process effectively took shape in February. This reform falls under a set of measures aiming to improve business climate in Togo and increase Togo’s ranking in the Doing Business report.

In effect, required documentation will be submitted on the website of the centre for business formalities, CFE.  The institution’s single desk will be the only accredited structure to process the documents. According to authorities, this will still be done in 24-hours and could improve further.

Moreover, CFE is determined to further shorten delay to obtain creation card, which is currently 24-hours.

All these measures aim at boosting business formalization. More should follow however. Recently for example, President Faure Gnassingbé promised 20% of public procurements for youths, in order to make the private sector growth’s driver.

Fiacre E. Kakpo

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

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