Applies to women only: Obtain husband’s permission to leave the house to register a company
Agency: Domicile
According to Personal Status Law No. 20 of 1992, Art. 40 married women cannot leave the matrimonial home without the permission of their husbands.
Time and cost: 1 day, no charge
Reserve a unique company name at the Commercial Register
Agency: Ministry of Trade & Industry
The first step is to reserve a unique company name at the Commercial Register.
Time and cost: 1 day, included in procedure 3
Register at the Ministry of Trade & Industry
Agency: Ministry of Trade & Industry
To register, the entrepreneur completes the standard registration application form from the Commercial Register and submits the required company documents, including: the name reservation form, the license application, the signed and stamped articles of association, and the publication notice.
The payable fees are as follows:
- Registration trade name: YER 17,020
- Company incorporation fees: YER 15,000
- Publication of company in official gazette: YER 30,000
- Publication of company in trade magazine: YER 20,000
- Publication of trade registration: YER 20,000
- Trade Registration card: YER 1,020
Time and cost: 4 weeks, see procedure details
Register for taxes at the General Taxes Department
Agency: General Taxes Department
Registering for taxes and obtaining a tax identification card is compulsory for the payment of income tax and registration for other taxes such as VAT.
Time and cost: 1 day, no charge
Apply for membership at the Chamber of Commerce
Agency: Chamber of Commerce
The new company then applies for membership at the Chamber of Commerce.
Time and cost: 1 day, YER 18,900
Obtain the license from the Municipality
Agency: Municipality
Founders must indicate the type of business at the time of application. The permit number must be displayed in the office. The cost includes fees for the City of Sanaa Trust Office.
Time and cost: 1 week, YER 80,000
Register employees for social security
Agency: Social Insurance Agency
The firm must register all its workers with the Ministry of Social Security if it employs more than two employees. This requirement is implemented strictly. The firm must send a full list of employees in a prescribed form that includes their salaries. Each month, the employer must deposit 15% of employee salary in the Social Security Fund. Out of this 15% contribution, 9% of the salary is paid by the employer and 6% is deducted from the employee’s salary.
Time and cost: 2 days, no charge
