The Federal Republic of Somalia is a federal parliamentary republic located in the Horn of Africa in East Africa. Multiple de facto regimes have formed on the country's territory. The official government only controls part of the country. Official languages are Somali and Arabic. Local currency is the Somali Shilling (SOS).
Somalia ranks among the poorest and least developed countries in the world, albeit the complicated political situation makes it difficult to collect reliable data. Agriculture is the most important economical sector, accounting for 68% of the country's GDP. More than 40% of the GDP and roughly half of Somalia's total exports come from stock breeding. In recent times, the processing industry is on the rise. Additionally, some states such as Saudi-Arabia and the UAE invest in the somalian economy. Many foreigners buy property in Somalia, which might confirm future investment possibilities for the country.
Ever since 1991, the legal system in Somalia has been completely devastated. The government has been trying to re-establish some semblance of a legal framework since 2012. Before 1991, Somalia had a mixed legal system.
Corporate practice today is regulated by the Civil Code and other legal statutes.
Main types of businesses:
- Simple company
- Public company
- Simple limited association
- Limited association based on stocks
- Limited liability company
Additionaly, foreign branch offices may operate in Somalia.
What is a commercial register?
In our video we explain the definition and function of a commercial register and how you can verify the reliability and solvency of your foreign business partner.
Should you wish to check the sincerity of your foreign business partner’s request, Schmidt&Schmidt will gladly assist you.
We offer extracts from the commercial registers of more than 100 different registers in countries spread all around the globe. Additionally, we offer annual statements for a variety of companies. The original extract from any commercial register can be sent to you by mail or as a pdf-file via e-mail. Besides that, commercial register extracts can be authenticated with an apostille.
Registration in the commercial register is conducted by the Ministry of Industry and Commerce.
The Chamber of Commerce manage their own commercial register.
Contents of the register:
- Full legal name
- Director and proprietors
- Current status (active/inactive)
- Type of business
- Full address
- Additional data
Information on the directors and shareholders of international enterprises is not publicly available. Only information on the directors and shareholders of local companies is included in the extract.
NB: Information about some companies may be unavailable, or available for a fee.
Search in the register is not free of charge. Search results are sent to you within 4-5 days after request submission.
To get a required document, we will need the following information about a company:
- Full legal name
Legalization of extracts from Somalia
Somalia did not accede to The Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents in 1966. Therefore, all somalian documents are subject to legalization.
An extract from the business register of Somalia can be used in order to:
- Obtain detailed information about potential business partners
- Negotiate foreign trade agreements
- File legal claims
- Register legal entities with foreign participation
- Check potential employers
You can order an extract without mandatory registration or subscription. Just complete our form and our employees will investigate for missing information, provide you with the extract, translate it to English and deliver the original, the translation as well as the bill for our services to you via mail.
There is no risk involved for you as we provide you with the documents in question on a fixed price. If requested, we will have the extract verified and apostilled. The documents are sent to you by mail. Special fees for the apostille apply.
- Quick and reliable inquiry processing
- Convenient order via online form
- Required document is sent as a PDF-file via e-mail
- Notarised translation
- No charge if required information is unavailable
- Apostille for extracts from commercial registers
- Confidentiality and personal data protection
- Quality service and happy customers
We verify whether a commercial register contains information about the company you are interested in, free of charge. Order a preliminary extract and you will receive the following information:
- Availability of an entry in a commercial register
- Cost of extract from a commercial register
- Other available documents
- Deadline for discharge
- Cost of apostille
- Commercial register extract sample (if available)
You can order free preliminary availability check of required information on our website.
|Service||Price incl. German VAT 19%||Price excl. VAT|
|Price for an Electronic Extract from Somalia||from 119,00 €||from 100,00 €|
|Price for the translation of an Extract from Somalia||from 41,65€||from 35,00€|
|Price for an Extract with Apostille without international shipping||from 1190,00 €||from 1000,00 €|