Guinea

Ease of Doing Business in

Guinea

This page summarizes Doing Business 2013 data for Guinea. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Sub-Saharan Africa
Income Category Low income
Population 10,221,808
GNI Per Capita (US$) 440
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
178 181 down 3

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
41.1 39.1 down 2.0
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 158 184 up 26
Dealing with Construction Permits 152 172 up 20
Getting Electricity 88 114 up 26
Registering Property 151 152 up 1
Getting Credit 154 152 up -2
Protecting Investors 177 176 up -1
Paying Taxes 183 181 up -2
Trading Across Borders 133 131 up -2
Enforcing Contracts 131 131 No change
Resolving Insolvency 141 133 up -8

Economy Profile

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Additional Data

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Starting a Business

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The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 158 DB 2012 Rank 184 Change in Rank up26
DB 2013 DTF** (% points) 57.2 DB 2012 DTF** (% points) 39.1 Improvement in DTF** (% points) up18.1
Indicator Guinea Sub-Saharan Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
6 8 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
35 34 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
96.9 67.3 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
324.7 116.0 13.3
No. Procedure Time to Complete Associated Costs
1 Deposit the legally required initial capital in a bank and obtain deposit evidence 2 days no charge
2 Check the uniqueness of the company name 5 days no charge
3 Prepare the company deeds and Articles of Association with the notary 2 days Notary fees vary between GNF 1.8 million and GNF 3.5 million
4 Register with the One-stop shop (APIP) to obtain company registration, tax registration, and social security registration and pay fees. 6 days (registration) + 20 days (publication) 100,000 (registration at RCCM) + 100,000 (Tax ID) + 150,000 (publication) + 1,000/page (stamp duty) + 1% of capital (registration tax)
* 5 Notification to Employment Bureau (Office National de l’Emploi et de la Main-d’Oeuvre) 7 days (simultaneous with previous procedure) no charge
* 6 Make a company seal 1 day (simultaneous with previous procedure) GNF 100,000 + 15,000
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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