OpenAccountants/Gambia/Gambia Company Formation & Entity Choice

Gambia Company Formation & Entity Choice

Name: OpenAccountants MCP Server
Author: OpenAccountants

Source-cited draft: company formation & entity choice for Gambia (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Applicable period 2025Source-cited draft· Last updated Jun 25, 2026

Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.

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Key figures — Gambia, 2025

Every figure is drawn from this Tax Guide and cited to its source.

Legal framework and incorporation

Companies in The Gambia are incorporated under the Companies Act, 2013, with registration handled through the Single Window Business Registry / Registrar of Companies. The private company limited by shares is the most common vehicle. These figures are a draft to confirm with a licensed Gambian professional.Companies Act, 2013

Common entity types

Private company limited by shares, public limited company, company limited by guarantee, sole proprietorship, partnership, and registered branch of a foreign companyCompanies Act, 2013 (https://www.moj.gm/company-registration)

Minimum number of incorporators

Two or more persons may form and incorporate a companyCompanies Act, 2013 (https://www.amiebensoudaco.net/corporate-services/registration-of-private-company/)

Minimum share capital

No statutory minimum; subscribers must take at least 25% of the authorized share capital (typical authorized capital D500,000)Companies Act, 2013 (https://www.amiebensoudaco.net/corporate-services/registration-of-private-company/)

Constitutional documents

Memorandum of Association and Articles of Association stating the authorized share capitalCompanies Act, 2013 (https://www.amiebensoudaco.net/corporate-services/registration-of-private-company/)

Step 1 — Name reservation

Verify and reserve the proposed company name with the Registrar of CompaniesCompanies Act, 2013 (https://www.moj.gm/company-registration)

Step 2 — Incorporation filing

Submit incorporation forms (e.g. Form S.V.3) and Articles of Association to the Single Window RegistrySingle Window Business Registration Act, 2013 (http://lmis.gm/node/86)

Step 3 — Tax registration

Register with the Gambia Revenue Authority (GRA) to obtain a Tax Identification Number (TIN)Income and Value Added Tax Act (https://www.moj.gm/company-registration)

Step 4 — Trade license and SSHFC

Obtain a municipal trade license from the local council and register employees with the SSHFCCompanies Act, 2013 (http://lmis.gm/node/86)

Incorporation timeline

Can be completed within a day at the Banjul main office or KMC branch (allow longer for ancillary registrations)Single Window Business Registration Act, 2013 (http://lmis.gm/node/86)

Incorporation cost

Fixed fee bands based on declared share capital, plus name reservation and registration feesCompanies Act, 2013 (https://www.moj.gm/companies-division)

Annual compliance — annual return

File an annual return with the Registrar of CompaniesCompanies Act, 2013

Annual compliance — tax return

File the corporation tax return with the GRA by 31 March following the tax yearIncome and Value Added Tax Act (https://www.gra.gm/domestic-faqs)

Annual compliance — accounts and audit

Maintain accounting records; audited accounts reduce the minimum turnover tax from 2% to 1%Companies Act, 2013 (https://www.gra.gm/domestic-faqs)

Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.

The full Guide

Entity types, incorporation and annual compliance

Legal framework and incorporation — Companies in The Gambia are incorporated under the Companies Act, 2013, with registration handled through the Single Window Business Registry / Registrar of Companies. The private company limited by shares is the most common vehicle. These figures are a draft to confirm with a licensed Gambian professional. (Companies Act, 2013)
Common entity types — Private company limited by shares, public limited company, company limited by guarantee, sole proprietorship, partnership, and registered branch of a foreign company (Companies Act, 2013 (https://www.moj.gm/company-registration))
Minimum number of incorporators — Two or more persons may form and incorporate a company (Companies Act, 2013 (https://www.amiebensoudaco.net/corporate-services/registration-of-private-company/))
Minimum share capital — No statutory minimum; subscribers must take at least 25% of the authorized share capital (typical authorized capital D500,000) GMD (approx — D500,000 is typical practice, not a statutory minimum; confirm) (Companies Act, 2013 (https://www.amiebensoudaco.net/corporate-services/registration-of-private-company/))
Constitutional documents — Memorandum of Association and Articles of Association stating the authorized share capital (Companies Act, 2013 (https://www.amiebensoudaco.net/corporate-services/registration-of-private-company/))
Step 1 — Name reservation — Verify and reserve the proposed company name with the Registrar of Companies (Companies Act, 2013 (https://www.moj.gm/company-registration))
Step 2 — Incorporation filing — Submit incorporation forms (e.g. Form S.V.3) and Articles of Association to the Single Window Registry (Single Window Business Registration Act, 2013 (http://lmis.gm/node/86))
Step 3 — Tax registration — Register with the Gambia Revenue Authority (GRA) to obtain a Tax Identification Number (TIN) (Income and Value Added Tax Act (https://www.moj.gm/company-registration))
Step 4 — Trade license and SSHFC — Obtain a municipal trade license from the local council and register employees with the SSHFC (Companies Act, 2013 (http://lmis.gm/node/86))
Incorporation timeline — Can be completed within a day at the Banjul main office or KMC branch (allow longer for ancillary registrations) (approx — confirm) (Single Window Business Registration Act, 2013 (http://lmis.gm/node/86))
Incorporation cost — Fixed fee bands based on declared share capital, plus name reservation and registration fees (approx — exact fee schedule published by MoJ Companies Division; confirm) (Companies Act, 2013 (https://www.moj.gm/companies-division))
Annual compliance — annual return — File an annual return with the Registrar of Companies (approx — confirm filing date and contents) (Companies Act, 2013)
Annual compliance — tax return — File the corporation tax return with the GRA by 31 March following the tax year (Income and Value Added Tax Act (https://www.gra.gm/domestic-faqs))
Annual compliance — accounts and audit — Maintain accounting records; audited accounts reduce the minimum turnover tax from 2% to 1% (approx — confirm statutory audit thresholds) (Companies Act, 2013 (https://www.gra.gm/domestic-faqs))

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Entity types, incorporation and annual compliance

Legal framework and incorporation — Companies in The Gambia are incorporated under the Companies Act, 2013, with registration handled through the Single Window Business Registry / Registrar of Companies. The private company limited by shares is the most common vehicle. These figures are a draft to confirm with a licensed Gambian professional. (Companies Act, 2013)

Common entity types — Private company limited by shares, public limited company, company limited by guarantee, sole proprietorship, partnership, and registered branch of a foreign company (Companies Act, 2013 (https://www.moj.gm/company-registration))

Minimum number of incorporators — Two or more persons may form and incorporate a company (Companies Act, 2013 (https://www.amiebensoudaco.net/corporate-services/registration-of-private-company/))

Minimum share capital — No statutory minimum; subscribers must take at least 25% of the authorized share capital (typical authorized capital D500,000) GMD (approx — D500,000 is typical practice, not a statutory minimum; confirm) (Companies Act, 2013 (https://www.amiebensoudaco.net/corporate-services/registration-of-private-company/))

Constitutional documents — Memorandum of Association and Articles of Association stating the authorized share capital (Companies Act, 2013 (https://www.amiebensoudaco.net/corporate-services/registration-of-private-company/))

Step 1 — Name reservation — Verify and reserve the proposed company name with the Registrar of Companies (Companies Act, 2013 (https://www.moj.gm/company-registration))

Step 2 — Incorporation filing — Submit incorporation forms (e.g. Form S.V.3) and Articles of Association to the Single Window Registry (Single Window Business Registration Act, 2013 (http://lmis.gm/node/86))

Step 3 — Tax registration — Register with the Gambia Revenue Authority (GRA) to obtain a Tax Identification Number (TIN) (Income and Value Added Tax Act (https://www.moj.gm/company-registration))

Step 4 — Trade license and SSHFC — Obtain a municipal trade license from the local council and register employees with the SSHFC (Companies Act, 2013 (http://lmis.gm/node/86))

Incorporation timeline — Can be completed within a day at the Banjul main office or KMC branch (allow longer for ancillary registrations) (approx — confirm) (Single Window Business Registration Act, 2013 (http://lmis.gm/node/86))

Incorporation cost — Fixed fee bands based on declared share capital, plus name reservation and registration fees (approx — exact fee schedule published by MoJ Companies Division; confirm) (Companies Act, 2013 (https://www.moj.gm/companies-division))

Annual compliance — annual return — File an annual return with the Registrar of Companies (approx — confirm filing date and contents) (Companies Act, 2013)

Annual compliance — tax return — File the corporation tax return with the GRA by 31 March following the tax year (Income and Value Added Tax Act (https://www.gra.gm/domestic-faqs))

Annual compliance — accounts and audit — Maintain accounting records; audited accounts reduce the minimum turnover tax from 2% to 1% (approx — confirm statutory audit thresholds) (Companies Act, 2013 (https://www.gra.gm/domestic-faqs))