Doing Business with Mali

A comprehensive guide to doing business, exporting, investing, and manufacturing in Mali.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Agence pour la Promotion des Investissements au Mali

Tel: +223 20 22 95 25
Email: contact@apimali.gov.ml
Website: apimali.gov.ml

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Direction Générale des Douanes

Tel: +223 20 20 34 07
Email: brpc@douanes.ml
Website: www.douanes.gouv.ml

National Chamber of Commerce

Chambre de Commerce et d'Industrie du Mali

Tel: +223 20 22 50 36
Email: info@cci.ml
Website: www.cci.ml

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Portail du Ministère de l'Économie et des Finances du Mali

Tel: +223 20 22 58 58
Email: info@finances.ml
Website: www.finances.ml

  • Type of Government: Semi-presidential republic
  • Population: Approximately 21 million
  • GDP: Around $17 billion USD
  • Corporate Tax Rate: 30%
  • Personal Income Tax Rate: Up to 40%
  • Major Exports: Gold, cotton, livestock
  • Major Imports: Machinery, petroleum, food products

 

Exporting to Mali involves several steps. Here’s a comprehensive guide:

  1. Research Market Requirements

    • Understand Mali’s import regulations and standards for your product.
  2. Identify Local Partners

    • Establish relationships with local distributors or agents.
  3. Prepare Export Documentation

    • Include commercial invoices, packing lists, and certificates of origin.
    • Ensure compliance with labeling and packaging requirements.
  4. Arrange Logistics and Shipping

    • Choose a reliable shipping company. Ensure accurate completion of shipping documents, such as bills of lading.
  5. Customs Declaration

    • Work with a customs broker to facilitate the clearance process.
    • Submit all required documentation to Mali’s Customs Authority.
  6. Understand Duties and Taxes

    • Familiarize yourself with any applicable import duties and taxes.
  7. Distribution and Sales

    • Establish distribution channels within Mali.
    • Consider partnerships with local businesses for effective market penetration.

Key Contacts

Importing goods into Mali involves several steps. Here’s a comprehensive guide:

  1. Register as an Importer

    • Ensure your business is registered and compliant with Malian regulations.
  2. Classify Your Goods

    • Determine the correct Harmonized System (HS) code for your products to identify applicable duties and taxes.
  3. Check Import Regulations

    • Ensure compliance with specific standards and obtain necessary permits or certifications for your goods.
  4. Find a Reliable Supplier

    • Establish a relationship with a trustworthy overseas supplier.
  5. Arrange Shipping and Logistics

    • Choose a reliable freight forwarder.
    • Ensure all shipping documents are in order, including the bill of lading and commercial invoice.
  6. Customs Declaration

    • Submit all required documentation to Mali’s Customs Authority.
    • Work with a customs broker if necessary to facilitate the process.
  7. Pay Duties and Taxes

    • Calculate and pay applicable import duties and taxes through the customs system.
  8. Receive Your Goods

    • Arrange for the transportation of goods from the port to your warehouse or distribution center.

Key Contacts

Incorporating a company in Mali involves several steps. Here’s a comprehensive guide:

  1. Choose a Company Type

    • Decide on the legal structure (e.g., LLC, Corporation).
  2. Reserve a Company Name

    • Check and reserve the desired company name with the Agency for the Promotion of Investments in Mali (API).
  3. Prepare Incorporation Documents

    • Prepare necessary documents such as the Articles of Association.
  4. Submit Registration Application

    • File the application with the One-Stop Shop at API, including all required documents.
  5. Pay Registration Fees

    • Fees vary depending on company type. Check API’s website for current rates.
  6. Obtain Business Licenses

    • Apply for any necessary business licenses specific to your industry.
  7. Register for Taxes

    • Obtain a tax identification number from the National Directorate of Taxes.
  8. Open a Bank Account

    • Open a corporate bank account in the company’s name.

Key Contacts

  • Agency for the Promotion of Investments in Mali (API)
  • National Directorate of Taxes

Setting up a manufacturing plant in Mali involves several steps. Here’s a comprehensive guide:

  1. Conduct Market Research

    • Analyze demand, competition, and location advantages in Mali.
  2. Choose a Suitable Location

    • Consider available infrastructure, proximity to resources, and zoning regulations.
  3. Incorporate Your Company

    • Register your business with the Agency for the Promotion of Investments in Mali (API).
  4. Obtain Necessary Permits and Licenses

    • Apply for industrial and environmental permits from relevant authorities.
  5. Secure Financing

    • Explore options through banks or investment partners.
  6. Design and Construct the Facility

    • Hire architects and contractors for design and construction.
    • Ensure compliance with local building codes and safety regulations.
  7. Install Equipment and Machinery

    • Purchase and set up machinery necessary for production.
    • Ensure safety and operational standards are met.
  8. Hire and Train Workforce

    • Recruit skilled labor and provide necessary training.
  9. Set Up Supply Chain and Distribution

    • Establish relationships with suppliers and distributors.
  10. Begin Operations

    • Start production and monitor operations for efficiency and quality control.

Key Contacts

Registering a trademark in Mali involves several steps. Here’s a comprehensive guide:

  1. Conduct a Trademark Search

    • Ensure your trademark is unique and not already registered.
  2. Prepare Your Application

    • Include the trademark design, classification of goods/services, and applicant details.
  3. Submit the Application

    • File your application with the Malian Office of Industrial Property (OMPIC).
  4. Pay the Application Fee

    • Fees vary based on the type and number of classes. Check OMPIC’s website for current rates.
  5. Examination Process

    • The application undergoes examination for compliance and potential conflicts.
  6. Publication and Opposition

    • If approved, the trademark is published for opposition. A period is given for third parties to oppose.
  7. Registration and Certification

    • If no oppositions arise, the trademark is registered, and you receive a Certificate of Registration.
  8. Maintain and Renew the Trademark

    • Trademarks need periodic renewal to maintain protection.

Key Contacts

  • Malian Office of Industrial Property (OMPIC)

Resolving commercial disputes in Mali involves several steps. Here’s a guide on the process:

  1. Attempt Negotiation

    • Start by negotiating directly with the other party to reach an amicable solution.
  2. Mediation

    • Engage a mediator to facilitate discussions. This method is often quicker and less formal than court proceedings.
  3. Arbitration

    • Consider arbitration for a private and binding resolution. Both parties must agree to this method.
  4. Seek Legal Advice

    • Consult with a lawyer specializing in commercial law for guidance on your case.
  5. File a Lawsuit

    • If other methods fail, file a lawsuit with the Malian courts. Prepare necessary documentation and evidence.
  6. Court Proceedings

    • Attend hearings and present your case. Follow legal procedures as guided by your lawyer.
  7. Judgment and Enforcement

    • If a judgment is made, ensure its enforcement through legal channels.

Costs

  • Mediation and Arbitration Fees: Vary depending on the service provider.
  • Court Filing Fees: Depend on the jurisdiction and case type; consult local courts.
  • Legal Fees: Vary based on the lawyer and complexity of the case.

Key Contacts

  • Mali Judiciary
  • Chamber of Commerce and Industry of Mali (CCIM)

When considering doing business in Mali, various social, cultural, political, and economic factors must be taken into account.

Social and Cultural Factors

  • Language: French is the official language; local languages are also spoken.
  • Business Etiquette: Building relationships and trust is important. Formal greetings are customary.

Political Factors

  • Government Structure: Semi-presidential republic. Political stability can vary.
  • Regulations: Policies generally support foreign investment, with clear business regulations.

Economic Factors

  • Economic Stability: Agriculture and mining (especially gold) are major economic drivers.
  • Corporate Tax Rate: 30%.

Foreign Exchange

  • Currency: West African CFA franc (XOF).
  • Exchange Rate: Tied to the Euro; currency risk management is advisable.

Rule of Law

  • Legal Framework: Strong legal system with enforcement of contracts and property rights.
  • Judiciary: Independent judiciary focusing on transparency and efficiency.

Business Environment

  • Infrastructure: Developing infrastructure; ongoing projects to enhance connectivity.
  • Workforce: Young and growing workforce, though skill levels can vary by industry.

Key Resources

Our Members Include Leading Organizations in Mali

Ask our Experts on Doing Business in/with Mali

If you’re looking to do business or invest in Mali, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.