Business Legal Framework
This translation is provided for information only. Only the French version is legally binding. Read the French version
SY GROUP is incorporated and operates under the regime of OHADA law (Organisation pour l'Harmonisation en Afrique du Droit des Affaires — Organisation for the Harmonisation of Business Law in Africa), the common legal framework of 17 African States. This page sets out the Uniform Acts applicable to our activities and the legal obligations arising therefrom.
The Organisation for the Harmonisation of Business Law in Africa (Organisation pour l'Harmonisation en Afrique du Droit des Affaires — OHADA) is an international organisation established by the Treaty of Port-Louis of 17 October 1993, revised in Quebec on 17 October 2008. It comprises 17 Member States and its mission is to harmonise business law in Africa in order to guarantee the legal and judicial security of economic activities.
OHADA adopts Uniform Acts that are directly applicable in all Member States, without requiring national transposition. In the event of conflict, OHADA law prevails over national law.
| Organisation | OHADA — Organisation pour l'Harmonisation en Afrique du Droit des Affaires |
|---|---|
| Headquarters | Yaoundé, Cameroon |
| Supreme court | CCJA — Common Court of Justice and Arbitration (Cour Commune de Justice et d'Arbitrage) |
| Member States | 17 countries, including Côte d'Ivoire, Senegal, Cameroon, Mali, Burkina Faso… |
| Uniform Acts | 10 Uniform Acts in force to date |
SY GROUP is incorporated in the form of a limited liability company (Société à Responsabilité Limitée — SARL), in accordance with Articles 309 to 384 of the Uniform Act relating to Commercial Companies and Economic Interest Groups (Acte Uniforme relatif au Droit des Sociétés Commerciales et du Groupement d'Intérêt Économique — AUDSCGIE), in its revised version adopted on 30 January 2014.
AUDSCGIE 2014 — Articles 309 to 384 — SARL
The SARL is a company in which the members are liable for the company's debts only up to the amount of their contributions. The company shares may not be represented by negotiable securities. SY GROUP is registered with the RCCM of Abidjan under number CI-ABJ-03-2025-M-44515.
| Corporate name | SY GROUP BY FATBIN YARASSUL SARL |
|---|---|
| Trade name | SY GROUP |
| Legal form | SARL — Société à Responsabilité Limitée (limited liability company) |
| Share capital | 10,000,000 FCFA, fully paid up upon incorporation |
| RCCM | CI-ABJ-03-2025-M-44515 |
| NIF | 2243330 V |
| Registered office | Avenue de la Reine Pokou N° 878 (ex-Avenue 16, Rue 24), Treichville, Abidjan, Côte d'Ivoire |
| Management (Gérance) | Mrs Savane Nabintou — Founder & Managing Director |
Governs the incorporation, operation, conversion and dissolution of SY GROUP. The key obligations for our SARL include:
The Uniform Act on General Commercial Law (Acte Uniforme sur le Droit Commercial Général), revised on 15 December 2010, governs the commercial acts performed by SY GROUP. Main obligations:
Applicable to the guarantees and sureties provided in the course of SY GROUP's commercial operations, in particular for security deposits with airlines and insurers.
The Uniform Act on Simplified Debt Recovery Procedures and Enforcement Measures (Acte Uniforme portant organisation des Procédures Simplifiées de Recouvrement et des Voies d'Exécution) governs the commercial debt recovery procedures available to SY GROUP in the event of non-payment.
SY GROUP may have recourse to CCJA arbitration (Common Court of Justice and Arbitration — Cour Commune de Justice et d'Arbitrage) for the settlement of international commercial disputes, offering an alternative to national court proceedings.
SY GROUP keeps its accounts in accordance with the revised OHADA Accounting System (SYSCOHADA 2017), mandatory in all Member States since 1 January 2018.
| Obligation | Legal basis | Time limit |
|---|---|---|
| Preparation of the annual financial statements | AUDSCGIE Art. 137 & AUCE | Within 6 months of the close |
| Approval of the financial statements at the OGM | AUDSCGIE Art. 348 | Within 6 months of the close |
| Filing of the financial statements with the RCCM | AUDCG Art. 21 | Within the month following approval |
| Retention of accounting documents | AUDCG Art. 30 | 10 years from the close |
| Tax return (NIF 2243330 V) | General Tax Code CI (Code général des Impôts) | According to the Ivorian tax calendar |
In accordance with the OHADA Treaty, the Common Court of Justice and Arbitration (Cour Commune de Justice et d'Arbitrage — CCJA) is the supreme court for the interpretation and application of the Uniform Acts. At first instance and on appeal, the Ivorian national courts retain jurisdiction.
For disputes with SY GROUP falling within business law, the Commercial Court of Abidjan (Tribunal de Commerce d'Abidjan) is the court of ordinary jurisdiction. SY GROUP may also propose an arbitration clause in its commercial contracts.