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Ease of Doing Business in

Guinea

Guinea Download Profile (1741.8KB, pdf)
Region Sub-Saharan Africa
Income Category Low income
Population 12,608,590
GNI Per Capita (US$) 470
City covered Conakry

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 163 161 down
2
46.23 46.16 down
0.07
Starting a Business 133 123 down
10
80.20 80.02 up
0.18
Dealing with Construction Permits 164 161 down
3
54.26 54.21 up
0.05
Getting Electricity 160 159 down
1
44.81 44.41 up
0.40
Registering Property 140 143 up
3
49.81 49.78 up
0.03
Getting Credit 139 134 down
5
30.00 30.00
-
Protecting Minority Investors 145 145
-
40.00 40.00
-
Paying Taxes 184 184
-
24.28 24.28
-
Trading across Borders 162 162
-
46.24 46.24
-
Enforcing Contracts 115 112 down
3
53.87 53.87
-
Resolving Insolvency 113 109 down
4
38.84 38.84
-

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

DB 2017 Rank: 133

DB 2016 Rank: 123

Change in Rank: down10

DB 2017 DTF (% points): 80.20

DB 2016 DTF (% points): 80.02

Change in DTF (% points): up0.18

Standardized Company
Legal form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
Paid-in minimum capital requirement: GNF 500,000
City: Conakry
Indicator Guinea Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 6.0 7.8 4.8
Time – Men (days) info_outline 8.0 27.3 8.3
Cost – Men (% of income per capita) info_outline 77.7 54.0 3.1
Procedure – Women (number) info_outline 6.0 7.9 4.8
Time – Women (days) info_outline 8.0 27.5 8.3
Cost – Women (% of income per capita) info_outline 77.7 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 13.6 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Deposit the legally required initial capital in a bank and obtain deposit evidence

    Agency: Bank

    The lawyer or notary public needs to deposit the capital into a blocked bank account.
    1 day no charge
    2

    Check the uniqueness of the company name

    Agency: Registry

    The founders can check the name at no cost.
    1 day no charge
    3

    Prepare the company deeds and Articles of Association with the notary

    Agency: Notary

    According to articles 10,11,311,313,314 and 73 of the “Acte uniforme relatif au droit des societes commerciales revises” (OHADA) and Decret D/2014/124/PRG/SGGG of May 30st, 2014, the use of notaries is optional.

    However, most entrepreneurs still use the services of notaries.
    2 days GNF 1.8 million for limited liability companies
    4

    Register with the One-stop shop (APIP) to obtain company registration, tax registration, social security registration and pay fees.

    Agency: APIP

    On May 15, 2012 Guinea adopted Decree 5955 MJ/CAB/2012. This decree enables the one-stop shop to publish notices of incorporation of new companies in the one-stop shop website, reducing significantly the time for publication. Prior to this, all notices of incorporation were being published in the official newspaper.

    The registration fees for the one-stop shop are the following:
    1% of capital (registration tax)+ 100,000 (registration at RCCM) + 100,000 (Tax ID) + 150,000 (publication) + 1,000/page (stamp duty) + 100,000 (verbal process)
    4 days (registration and publication) see comments
    * 5

    Notification to AGUIPE (Agence Guinéenne pour la Promotion de l’ Emploi)

    Agency: AGUIPE

    Business founders must notify AGUIPE (Agence Guinéenne pour la Promotion de l’ Emploi) about their company's formation.
    3 days (simultaneous with previous procedure) no charge
    * 6

    Make a company seal

    Agency: Seal maker

    In practice, companies obtain a company seal in order to open a bank account and for use in their various interactions with authorities.
    1 day (simultaneous with previous procedure) GNF 20,000

    * Takes place simultaneously with previous procedure.