(Togo First) - In 2019, 2020, and the first half of 2021, respectively 3,652, 4,662, and 2,864 new businesses were established in Togo. The growth was driven by reforms that were introduced in recent years to improve the business climate. These reforms, according to the authorities, were successful and made it easier to start a business - faster and cheaper also.

The cost for setting up a corporation (legal persons) was reduced to CFA29,250 for Togolese and ECOWAS citizens, and CFA34,250 for foreigners. 

Regarding the time needed to set up a business, it reduced from around 100 days to just 24 hours, and later to 7 hours.  

These are breakthroughs considering that in 2012, operators had to spend CFA262,000 to start their business. In addition to this cost, CFA62,000 was needed to obtain legal announcements published on the Center for Business Formalities (CFE)’s website. This fee isn’t required anymore. 

Eligibility criteria: 

As per current regulations, Togolese, ECOWAS, and non-ECOWAS citizens that live outside or in (legally) Togo can start a business at the CFE. 

Cost per procedure : 

• CFA29,250 for Togolese and ECOWAS citizens
• CFA34,250 for non-ECOWAS citizens. 

Processing time: 

7 hours after submitting the full application.  

Where to submit the application?

Name of the office: Center for Business Formalities (CFE)

Adress : Angled corner between avenue de la Présidence & avenue Georges Pompidou located at the Togo Chamber of Commerce and Industry (CCIT), B.P. 3210, Lomé, Togo.

Contact : 22 23 62 60

E-mail : This email address is being protected from spambots. You need JavaScript enabled to view it.

 Web Portal: www.cfetogo.org

Required documentation: 

• A duly filled business registration form
• A copy of the national ID card for Togolese, the consular card for ECOWAS citizens, and the passport for other foreigners
• A copy of the residence document namely, residence permit for ECOWAS citizens, residence certificate for Togolese, and visa for other foreigners
• A statement of no prior or pending convictions
• Three (03) copies of the statuses
• A photo ID of the managing director or CEO of the company
• A hand-drawn map of the company’s geographical location