Starting a Business in Burkina Faso

This table summarizes the procedures and costs associated with setting up a business in Burkina Faso.

Export to Excel | Local partners | Methodology

   View all indicator data and topic details for this economy.

Change Selection

Standardized company

Legal Form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
City: Ouagadougou

Registration Requirements Summary:


  Procedure Time to complete: Cost to complete:
1 Deposit subscribed capital in a bank 1-2 days no charge
2 Request criminal clearance record of manager 1 day FCFA 350 (125 + 200 stamps + 25 application)
3 Have a notary public notarize the declaration of capital subscription and deposit the two acts with the notary office 3 days 3 % of declared capital
4 Register at Centre des Formalités de Entreprise (CEFORE) for company registration, tax number (IFU), labor, and social security 9 days Fixed fee of FCFA 47,500 : FCFA 17,500 (RCCM) and FCFA 20,000 distributed among FCFA 7,500 (IFU) + FCFA 5,000 (CNSS)+ FCFA 7,500 (CEFORE). In addition to FCFA 10,000 fee for publication.

Registration Requirements Details

Procedure 1.
Deposit subscribed capital in a bank
Time to complete:
1-2 days
Cost to complete:
no charge
Name of Agency:
Comment:
Depositing the subscribed can take 1 to 3 days, depending on the bank.
Procedure 2.
Request criminal clearance record of manager
Time to complete:
1 day
Cost to complete:
FCFA 350 (125 + 200 stamps + 25 application)
Name of Agency:
Comment:
Procedure 3.
Have a notary public notarize the declaration of capital subscription and deposit the two acts with the notary office
Time to complete:
3 days
Cost to complete:
3 % of declared capital
Name of Agency:
Comment:
Proof of capital deposit is required.
Procedure 4.
Register at Centre des Formalités de Entreprise (CEFORE) for company registration, tax number (IFU), labor, and social security
Time to complete:
9 days
Cost to complete:
Fixed fee of FCFA 47,500 : FCFA 17,500 (RCCM) and FCFA 20,000 distributed among FCFA 7,500 (IFU) + FCFA 5,000 (CNSS)+ FCFA 7,500 (CEFORE). In addition to FCFA 10,000 fee for publication.
Name of Agency:
Comment:
By Decree No. 2005-332/PRES/PM/MCPEA/MFB/MTEJ of June 21, 2005, the Center for Business Formalities (CEFORE) was created and became operational in Ouagadougou. A single application form must be submitted to complete company registration with the Trade Register and Personal Credit (RCCM), to obtain the fiscal identification (or identifiant financier unique, IFU, at the Direction Générale des Impots) and the professional license (carte professionnelle de commerçant, at the Ministry of Commerce). Upon after the form is submitted, CEFORE organizes the registration with the court and other authorities. Companies are assigned a unique company identification number for company registration, fiscal identification, and social security affiliation.

The official time for the completion of the registration process in this procedure is 7 working days. Because CEFORE forwards the documents to the respective agencies, however, in practice the delay is longer.

On May 23, 2007, the Minister of Labor and Social Security, the Minister of Commerce, and the Minister of Employment signed a decree that the required declarations must be filed with CEFORE. CEFORE then transfers the relevant information to Caisse Nationale de Sécurité Sociale (CNSS), which has the mandate to disseminate that information to the National Agency of Employment Promotion (ANPE) and the Labor Inspectorate.

Publication can be done directly onto the CEFORE website (www.me.bf) for a fee of FCFA 10,000.