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Ease of Doing Business in

Burkina Faso

Burkina Faso Download Profile (1727.2KB, pdf)
Region Sub-Saharan Africa
Income Category Low income
Population 18,105,570
GNI Per Capita (US$) 660
City covered Ouagadougou

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 146 142 down
4
51.33 51.06 down
0.27
Starting a Business 72 77 up
5
88.06 86.69 up
1.37
Dealing with Construction Permits 61 61
-
72.87 72.78 up
0.09
Getting Electricity 181 181
-
29.42 29.42
-
Registering Property 136 137 up
1
50.26 50.21 up
0.05
Getting Credit 139 134 down
5
30.00 30.00
-
Protecting Minority Investors 145 145
-
40.00 40.00
-
Paying Taxes 150 149 down
1
55.77 55.77
-
Trading across Borders 104 104
-
66.58 66.58
-
Enforcing Contracts 161 161
-
41.05 41.05
-
Resolving Insolvency 112 113 up
1
39.25 38.08 up
1.17

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 72

DB 2016 Rank: 77

Change in Rank: up5

DB 2017 DTF (% points): 88.06

DB 2016 DTF (% points): 86.69

Change in DTF (% points): up1.37

Standardized Company
Legal form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
Paid-in minimum capital requirement: XOF 25,000
City: Ouagadougou
Indicator Burkina Faso Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 3.0 7.8 4.8
Time – Men (days) info_outline 13.0 27.3 8.3
Cost – Men (% of income per capita) info_outline 43.4 54.0 3.1
Procedure – Women (number) info_outline 3.0 7.9 4.8
Time – Women (days) info_outline 13.0 27.5 8.3
Cost – Women (% of income per capita) info_outline 43.4 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 7.0 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Deposit subscribed capital in a bank

    Agency: Bank or any other credit or micro-credit establishment

    Business founders must deposit their startup capital at a bank.
    1 day on average no charge
    2

    Have a notary public notarize the declaration of capital subscription and deposit the two acts with the notary office

    Agency: Notary

    Proof of capital deposit is required.

    Since 2014, the use of notaries is no longer required (Decree N 2014-462/PRES/PM/MJ/MICA). However, most entrepreneurs still use their services.
    3 days 3 % of declared capital
    3

    Register at Centre des Formalités des Entreprises (CEFORE) for company registration, tax number (IFU), labor, and social security

    Agency: CEFORE

    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). 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.

    Registration fees are XOF 47,500 as follows: XOF 12,500 (RCCM) + XOF 7,500 (IFU) + XOF 5,000 (CNSS) + XOF 7,500 (CEFORE) + XOF 5,000 (Court registration) + XOF 10,000 (fee for publication).

    The sworn declaration (declaration sur l'honneur), instead of a copy of the criminal records of the manager is provided with the registration application. The entrepreneur will need to send a copy of her/his criminal record within 2 months.

    On July 2015 the CEFORE has launched an e-registration process for business registration called "Systeme Integre des Guichets Uniques, SIGU" (www.sigu.gov.bf). Entrepreneurs have the possibility of registering via the online portal, but in practice they are still registering over the counter at the CEFORE office.
    9 days see procedure details