Senegal: Operating a Business

Setting Up a Company

Private Limited Company: Number of partners: Minimum 1 partner.
Maximum 50 partners.
Capital (max/min): XOF 100,000 divided into shares of XOF 5,000 minimum.
Shareholders and liability: Liability is limited to the amount contributed.
Public limited company: Number of partners: Minimum 1 shareholder.
Capital (max/min): XOF 10,000,000 divided into shares of XOF 10,000 minimum.
Shareholders and liability: Liability is limited to the amount contributed.
General Partnership: Number of partners: Minimum 2
Capital (max/min): No minimum capital required.
Shareholders and liability: Partners have joint and unlimited liability
Limited Partnership: Number of partners: Minimum 2, one active partner and one silent partner
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited partners who do not participate in management have limited liability. However, general partners or managing partners have joint and unlimited liability

The Competent Organisation: The National Agency for the Promotion of Investment and Major Projects (APIX).

Setting Up a Company	Senegal	Sub-Saharan Africa
Procedures (number)	4.0	7.5
Time (days)	6.0	21.3

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Senegal.
Agency for Development and Coaching for Small and Medium Enterprises (ADEPME)

	2018	2019	2020
Labour Force	4,122,266	4,252,308	4,255,422

Source: International Labour Organization, ILOSTAT database

Source: International Labour Organization, ILOSTAT database

Legal Weekly Duration: The legal weekly working hours are fixed at 40 hours.
Retirement Age: 55 years
Working Contracts: There are two main types of contracts in Senegal.

The contract is a fixed-term contract when the duration is decided in advance, either by the agreement of the parties concerned or if it is maturing at a future date, i.e. an element that is certain in the future and which will put an end to the contract. The contract has to be approved by the Labour Inspector if its duration is for more than three months.

The contract that is not subject to any time period or where the duration is not precise is called an open-ended contract. In this case the visa from the Labour Inspector is not compulsory. The work legislation also provides for a trial period of a minimum of 3 months, renewable, for the executive staff and a one month renewable period for workers and other staff (see the National Collective Interprofessional Convention, CCNI).
Labour Laws: Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Minimum Wage: In 2021, the minimum wage is 58,900 CFA francs (XOF) per month (hourly rate of 333.808 CFA francs) according to the Senegalese Ministry of Labour, Social Dialogue, Professional Organisations and Relations with Institutions.
Average Wage: The average monthly salary was estimated at 89,730 CFA francs in 2019, according to the Senegalese Ministry of Economy, Planning and Cooperation.
Social Contributions: Social Security Contributions Paid By Employers: Between 22 and 31.5% (depending on the nature of activity and the risk of accident or occupational disease).
Social Security Contributions Paid By Employees: Between 10% and 15% (depending on the nature of activity).

Social Dialogue and Involvement of Social Partners: Practically inexistent.
Labour Unions
Labour Regulation Bodies: Ministry of civil service, employment and professional organizations

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