Express Subsidiary

The challenge: securing a fast-growing market

Sofiane, director of an IT services company based in La Défense (Paris), spotted a major opportunity: the digitalisation of SMEs in Algeria. But his schedule did not allow him to make repeated trips to deal with the bureaucracy. He needed a reliable legal structure to invoice local clients, repatriate his dividends legally and hire a team on the ground, all without putting his French business on hold.

The Octopus Network solution: a one-stop B2B shop

We deployed our "Business Setup" pack to act as Sofiane's right-hand administrator in Algiers:

Legal engineering:

• Advice on the choice of status (SARL) to optimise taxation and the manager's liability.
• Tailor-made articles of association drafted by our partner notaries, including clauses specific to digital services.

Administrative formalities:

• Full handling of the registration with the CNRC (National Centre of the Commercial Register) and of the tax numbers (NIF, NIS).
• Registered address in a prestigious business district of Algiers to build credibility for the brand.

Express banking:

• Opening of business accounts (dinars and foreign currency) thanks to our privileged relationships with private banks, avoiding the usual compliance delays.

The result: an operational subsidiary in 21 days

Sofiane only had to travel once, for the final signature. In under 3 weeks, his Algerian subsidiary was born, with its company registration extract, an active bank account, and the ability to issue its first invoice.

"I was afraid of the administrative burden. With Octopus, it felt like setting up a company in Europe. Efficient, transparent and spot on." — Sofiane M.