Africa Desk
The UEMOA and CEMAC zones share OHADA law and the SYSCOHADA accounting framework. The firm works across them from Paris, supported by a presence in Cotonou.
The framework
Seventeen states share OHADA law: the same uniform acts on commercial companies, security interests and insolvency, and a single accounting framework, the revised SYSCOHADA. For a group operating in several countries of the zone, that harmonisation is a considerable advantage: one accounting grammar, one company law.
Harmonisation stops at the texts, however. Taxation remains national, administrative practice varies from one country to the next, and actual timescales bear little relation to theoretical ones. It is this gap between the written law and day-to-day practice that costs newcomers to the region the most.
Our services
International funding imposes strict procedures; failing them means expenditure is rejected and disbursements are suspended.
Choosing the right corporate form and tax regime at the outset avoids costly restructuring two years later.
The revised SYSCOHADA differs from French GAAP on points that directly affect profit and shareholders' equity.
Running a subsidiary four thousand kilometres away from Paris requires reporting you can actually rely on.
Coverage
The firm works across all member states of the two monetary unions. This coverage reflects a homogeneous legal and accounting space, not a physical presence in each country.
UEMOA · 8 states
West African Economic and Monetary Union
CEMAC · 6 states
Economic and Monetary Community of Central Africa
How it runs
Definition of scope, timetable and local contacts before any travel. Preparatory work is carried out from Paris.
Travel sized to the procedures that genuinely require it: inventories, interviews, examination of documents that exist only on paper.
Testing under SYSCOHADA, then conversion to the group's framework where the engagement calls for it.
A report delivered to head office and, where the funder requires it, submitted in its own format and to its own timetable.
Your enquiry
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