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The Algerian LLC can be incorporated with only 1 shareholder and 1 director, and requires a minimum share capital of US1,000 (DZD100,000). However, Algerian Company Law disallows foreigners to hold a majority share (>49%) in Algerian companies, so our Clients will need a national to serve as their local joint venture partner for Algeria business setup.
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English version Major breakthrough in Algeria with Group Mazouz . Further to the recent start of the implementation for Group Mazouz of a T per year sugar refinery near Algiers, De Smet Engineers Contractors (DSEC) has now been awarded a second contract for the construction of the first integrated crushing and refining plant that will be built in Algeria for the same group.
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