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Algeria

Algeria Flag

Country: Algeria
Region: Africa
Currency: Algerian dinar (DZD) (DA)
Languages: Arabic
Time Zone: UTC +1

Phone Code: +213

Communications: Good

Formation Cost: 6000 - 8000 USD$
Formation Time: 23 - 27 days
Maintenance cost: 0 USD$

Executive Summary: Algeria borders the Mediterranean Sea in North Africa, between Tunisia to the east and Morocco to the west. At almost 2.4m sq km it is one of the largest countries in Africa. Its population of 38m live mainly in the north and coastal regions and the country’s ethnicity is almost exclusive Arab-Berber. Hydrocarbons have long been the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the 10th-largest reserves of natural gas in the world and is the sixth-largest gas exporter. The economy has enjoyed moderate rates of growth over the last three years in the 2.5% to 3.5% range. Algeria's economy remains dominated by the state and in recent years the Algerian Government has halted the privatization of state-owned industries and imposed restrictions on imports and foreign involvement in its economy. However, tax incentives are in place for foreign investors, and there are a number of tax privileges in place for exporters, agricultural producers and small businesses.

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Vehicle Types: Limited liability companies, joint ventures, joint stock companies, sole proprietors and limited partnerships

Capital primary business districts: Algiers

Good Relationships: Brazil, China, Mauritius, Mexico, United States

Bad Relationships: Burma, Cuba, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Light

Tax Burden - Individual: Light

Headline tax rates: CIT 19%-25%, PIT 20%-35%, VAT 20%

Treaty Jurisdictions: Austria, Bahrain, Belgium, Bosnia and Herzegovina, Canada, China, Egypt, France, Germany, Indonesia, Italy, Jordan, Korea, Republic of, Lebanon, Libya, Morocco, Portugal, Qatar, Romania, South Africa, Spain, Switzerland, Syria, Tunisia, Turkey, Ukraine, United Arab Emirates

TIEA Jurisdictions: None

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