Registering Property in Guinea

This topic examines the steps, time, and cost involved in registering property in Guinea.

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Property Value: GNF 101,536,900
City: Conakry

	Procedure	Time to complete:	Cost to complete:
1	Obtain a map indicating the extent and boundaries of the property	14 days	GNF 309,495
2	Confirm identity of land owner and a clear title at the Land Registry (“Bureau de la Conservation Foncière”)	14 days	no cost
3	Obtain tax clearance from tax authorities	10 days	no cost
4	Sign the sale contract as written and witnessed by the notary	1 day	Legal fees approximately GNF 2,680,738
5	Register the sale contract with the National Tax Authorities “Service des Impôts”	5 days	10% of the property value
6	Transfer the final ownership with the Land Registry (“Bureau de la Conservation Foncière”)	60 days	1% of the property value

Procedure 1.: Obtain a map indicating the extent and boundaries of the property
Time to complete:: 14 days
Cost to complete:: GNF 309,495
Name of Agency:
Comment:: The seller must obtain and provide the buyer with the map indicating the extent and boundaries of the property.

Procedure 2.: Confirm identity of land owner and a clear title at the Land Registry (“Bureau de la Conservation Foncière”)
Time to complete:: 14 days
Cost to complete:: no cost
Name of Agency:: Land Registry (Bureau de la Conservation Foncière)
Comment:: The buyer writes to the director of the land registry to confirm that the seller of the property is indeed the true owner and that the title is clear and free of encumbrances. The director’s duty is to answer back and always comply with this requirement. In the rare case where the director does not answer the inquiry, the buyer can write for the tax authorities to check whether the property is encumbered by a lien or a mortgage, or write to other financial institutions.

Procedure 4.: Sign the sale contract as written and witnessed by the notary
Time to complete:: 1 day
Cost to complete:: From 1 to 10,000,000 of FG : 4.50%
From 10,000,000 to 50,000,000 of FG: 3%
From 50,000,001 to 150,000,000 of FG :2%
From 150,000,001 to 300,000,000 of FG: 1%
Above 300,000,000: 0.75%
Name of Agency:
Comment:: The law does not require that the contract be written or witnessed by a lawyer or a notary. It is however common for the director of the land registry to request that the sale contract be witnessed by a notary.

Procedure 5.: Register the sale contract with the National Tax Authorities “Service des Impôts”
Time to complete:: 5 days
Cost to complete:: 10% of the property value
Name of Agency:: National Tax Authorities (Service des Impôts)
Comment:: The parties should register the sale contract with the National Tax Authorities and pay their due tax (10% of the value of the property). There is no internal procedure or requirements to prove that the stated value of the land is indeed genuine or authentic.

Procedure 6.: Transfer the final ownership with the Land Registry (“Bureau de la Conservation Foncière”)
Time to complete:: 60 days
Cost to complete:: 1% of the property value
Name of Agency:: Land Registry (Bureau de la Conservation Foncière)
Comment:: The Director of the Land Registry will only ask to see the notarized sale agreement and the map stating the boundaries of the property. It is a requirement by law that the director effectively transfers the property to the seller after a 10 days maximum since the demand was presented. The law considers the silence of the administration after this delay as a tacit consent.