ARSP Takes Action, Eliminates 1,200 Companies from Kinshasa’s Subcontracting Market
After the results of the control carried out in the subcontracting sector in Kinshasa, the Regulatory Authority for Subcontracting in the Private Sector (ARSP) published the list of 1,200 subcontracting companies now banned from operating.
These are considered irregular at a time when the Congolese state loses around 8 billion US dollars each year.
“We launched judicial police officers on the ground and at the end of the control, we deregistered 1,200 subcontracting companies which were not eligible for the subcontracting market.
These were companies that worked illegally and most of which were paid abroad, something which constitutes a loss of income for the country’s tax administration and which prevents the repatriation of capital to our country. “, said General Manager Miguel Kashal Katemb.
Services close to ARCA, some of these companies were deregistered for non-compliance with the law in the constitution of their statutes, with foreign shareholders having more than 51% of the shares in violation of the requirements of the Law on sub-company. processing and regulatory acts in force.
In the same batch, the ARSP says it has discovered several cases of fraud against the law, notably the nominator phenomenon which promotes appearing partners who have no real share.
At the same time, the Director General of ARSP announces that the main companies will be notified by Monday September 25, 2023 of the names of the subcontracting companies which have been deregistered.
“The main company which will work with a deregistered company, as a result, will also be sanctioned with immediate effect. it is the fight of the President of the Republic Felix Tshisekedi, who wants the Congolese to be able to access subcontracting markets,” underlined the Director General of ARSP.
Furthermore, Miguel Kashal announced that the deregistered companies only represent the submerged part of the companies not in good standing.
Hence the subcontracting policeman expresses the wish to soon attack the provinces with high economic activity. This is the case of Katanga, the two Kivus, Kasaï and the North-East of the DRC.
The General Directorate of the ARSP asks stakeholders to consult its website to avoid the rigor of the law. After Kinshasa, the next stop will be Katanga.
