In recent years, the Tunisian government has made the necessary structural reforms to improve the country's business climate, including an improved bankruptcy law, an investment code and an initial negative list, and a law authorizing public-private partnerships.

The Tunisian government adopted laws that allow companies to start up activities more easily (more services are available at a one-stop shop, with reduced costs). These improvements improved portfolio investments and helped improve the country's position in the World Bank rankings.

Thus, Tunisia moved up two places in the World Bank's Doing Business 2020 report, where it now ranks 78th (out of 190 countries). However, there are still major bureaucratic barriers to investment.

Tunisia, a real platform for investment, production and marketing, is a North African country belonging to the Maghreb. For several years, its policy has been to invite foreign investors to develop their activity in the country, mainly in the import/export field.

To this end, the Tunisian government offers foreign entrepreneurs significant tax and customs incentives and promotes the incorporation of companies by facilitating administrative procedures.

1. CREATION OF A COMPANY

o Minimum 2 shareholders. One of the shareholders can also be a director of the company.

o Minimum required capital of 1000 dinars to be paid in full at the time of incorporation of an S.A.R.L.

o Companies can be managed from another country. For example, all official meetings of shareholders and managers can be held abroad.

2. TAXATION

Thanks to the "Investment Promotion Code", in force since January 1, 1994, Tunisia offers entrepreneurs a set of services and attractive tax advantages. This new law allows the opening of Tunisia to the foreign market.

o Any company created in Tunisia pays a tax or profit tax of 35% for 10 years, companies exporting products or services are exempt from corporate income tax. o Artisanal companies pay a reduced corporate income tax of 50%.

o The company does not pay tax on dividends or on capital gains.

o Similarly, companies are obliged to keep accounts and must file annual returns.