Corporate Law at Algeria
Corporate law in Algeria regulates the formation, management, and dissolution of companies, focusing on ensuring proper governance, protecting shareholders, and facilitating business activities under Algerian law.
🏛️ Governing Authority
Commercial Courts
Handle corporate disputes, registration issues, and insolvency cases.
National Centre of the Commercial Register (Centre National du Registre du Commerce - CNRC)
Responsible for company registration and maintaining official corporate records.
Ministry of Commerce
Oversees business regulations and compliance.
📜 Legal Framework
Ordinance No. 03-03 of June 19, 2003 (updated in 2019) — Commercial Companies Law
Primary legislation regulating company formation, governance, and operation.
Defines different company types, shareholders’ rights, and directors’ duties.
Ordinance No. 75-59 of September 26, 1975 — Commercial Code
Contains provisions related to commercial transactions and business activities.
Law No. 12-01 of February 7, 2012 — Investment Law
Includes rules encouraging investment and business creation.
🔍 Types of Companies
Sole Proprietorship (Entreprise Individuelle)
Owned and managed by one individual, unlimited liability.
Limited Liability Company (Société à Responsabilité Limitée - SARL)
Most common form, with limited liability for shareholders. Minimum 1 and maximum 20 shareholders.
Public Limited Company (Société Anonyme - SA)
Suitable for larger enterprises, shares may be publicly traded. Minimum capital required.
Limited Partnership (Société en Commandite Simple)
Partners with unlimited liability and limited partners.
General Partnership (Société en Nom Collectif)
Partners have joint unlimited liability.
🔍 Corporate Governance
General Assembly of Shareholders
The supreme decision-making body of the company.
Board of Directors or Management
Responsible for company management and operations.
Statutory Auditors
Oversee company accounts and compliance (mandatory for certain company types).
⚖️ Key Provisions
Capital Requirements
SARL minimum capital: approx. 100,000 DZD
SA minimum capital: approx. 1,000,000 DZD
Company Registration
Registration with CNRC is mandatory.
Includes submission of articles of association and proof of capital.
Financial Reporting
Annual accounts must be prepared and filed.
Mergers and Acquisitions
Governed by specific rules under the Commercial Companies Law.
Dissolution and Liquidation
Procedures regulated by law to ensure orderly winding up.
Summary Table
| Aspect | Details |
|---|---|
| Main Law | Ordinance No. 03-03 (Commercial Companies Law) |
| Company Types | SARL, SA, Partnerships, Sole Proprietorship |
| Governing Body | CNRC, Commercial Courts |
| Capital Requirements | SARL: ~100,000 DZD; SA: ~1,000,000 DZD |
| Governance Bodies | Shareholders’ meeting, board of directors |
| Financial Reporting | Annual accounts filing mandatory |
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