Saturday–Thursday 08:00–17:00 local time
Saturday–Thursday 08:00–17:00 local time
The Companies Law No. 18 of 2019 is a legal framework that regulates how companies are formed, registered, managed, and dissolved in Somalia. It was introduced to modernize the business environment and support economic growth.
The law aims to:
The law recognizes different types of companies, including:
Each type has different legal requirements and responsibilities.
To form a company, the law requires:
Companies must be registered with the Registrar of Companies to become legally recognized.
The law sets rules for:
It ensures proper corporate governance.
Companies are required to:
Foreign companies:
The law explains how a company can be:
