The government of Senegal has taken important steps to improve the country's business environment. Following the implementation of business environment reforms, it is much easier to set up and operate a business in Senegal. Investors are now able to:
Senegal is a land of opportunities, the business environment is favorable and constantly improving. The government of Senegal has been implementing since 2013, the Business Environment and Competitiveness Reform Program (PREAC). Many innovations have been made, such as the elimination of share capital for the creation of an LLC, the creation of one-stop shops for setting up a business or connecting to electricity, the dematerialization of customs procedures, the reduction of taxes for companies that invest, as well as the various tax incentives allowed by the Investment Code and the free export company regime.
Senegal has signed several Investment Protection and Promotion Agreements (APPI) with dozens of partner countries around the world. In a context of globalization, these agreements improve the legal security of investments. They provide for the free repatriation of investment capital and returns on investment, guarantee the expropriation and provide for a Most Favored Nation (MFN) clause in the treatment of investors. They also provide for compensation for losses in the event of war, armed conflict or riot. Senegal is fully committed to improving its business climate to promote investment and foster economic growth driven by the private sector.
