Togo is located in Western Africa, bordering the Bight of Benin Sea, between Benin and Ghana.  In Togo, the authority responsible for corporate registration is the Centre de Formalités des Entreprises (CFE), which operates under the Ministry of Trade and Private Sector Development. Companies must also register with the Direction Générale des Impôts (DGI) to obtain a Tax Identification Number (NIF). Common company types in Togo include SARL (Société à Responsabilité Limitée), a Limited Liability Company, and SA (Société Anonyme), a Joint Stock Company.