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Ease of Doing Business in

Guinea-Bissau

Guinea-Bissau Download Profile (1766.2KB, pdf)
Region Sub-Saharan Africa
Income Category Low income
Population 1,844,325
GNI Per Capita (US$) 590
City covered Bissau

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 172 177 up
5
41.63 40.86 down
0.77
Starting a Business 176 178 up
2
63.86 59.97 up
3.89
Dealing with Construction Permits 155 163 up
8
56.55 53.72 up
2.83
Getting Electricity 182 183 up
1
28.64 27.86 up
0.78
Registering Property 149 150 up
1
47.81 47.68 up
0.13
Getting Credit 139 134 down
5
30.00 30.00
-
Protecting Minority Investors 137 136 down
1
41.67 41.67
-
Paying Taxes 149 147 down
2
56.08 56.08
-
Trading across Borders 153 154 up
1
52.86 52.86
-
Enforcing Contracts 164 164
-
38.81 38.81
-
Resolving Insolvency 169 169
-
0.00 0.00
-

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

DB 2017 Rank: 176

DB 2016 Rank: 178

Change in Rank: up2

DB 2017 DTF (% points): 63.86

DB 2016 DTF (% points): 59.97

Change in DTF (% points): up3.89

Standardized Company
Legal form: Sociedade por Quotas de Responsabilidade Limitada (LDA)
Paid-in minimum capital requirement: XOF 1,000,000
City: Bissau
Indicator Guinea-Bissau Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 8.0 7.8 4.8
Time – Men (days) info_outline 8.0 27.3 8.3
Cost – Men (% of income per capita) info_outline 36.9 54.0 3.1
Procedure – Women (number) info_outline 9.0 7.9 4.8
Time – Women (days) info_outline 9.0 27.5 8.3
Cost – Women (% of income per capita) info_outline 36.9 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 295.7 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Obtain husband's permission to conduct business

    Agency: Domicile

    According to Article 1686 of Guinea-Bissau's Civil Code, married women cannot conduct business without the permission of their husbands.
    1 day no charge
    2

    Search for a company name and reserve the proposed name (certidão negativa de denominação social)

    Agency: Ministry of Justice/CFE

    An electronic database has been established and company founders may conduct a search at the CFE. The database contains information on companies established since 1974.
    1 day included in Procedure 2
    3

    Pay fees at cashier located at CFE

    Agency: Cashier/CFE

    Payments are completed at the cashier located at the CFE.

    Fees are the following:
    XOF 7,098 for name certificate (Certidao Negativa) + XOF 21,780 for public deed (Escritura Publica) + XOF 3,867 for notary certificate (Certidao Notarial) + XOF 47,212 for registration certificate (Certidao de Matricula) + XOF 35,000 for publication (Publicaçao) + XOF 10,000 for Declaration of Activities to Municipal Chamber of Commerce
    1 day see procedure details
    4

    Open a bank account and deposit the minimum capital

    Agency: Bank

    For a limited liability company, the minimum capital must be fully paid up front. The deposit receipt serves as proof of the minimum capital. In order to open the bank account you need to take a copy of notarized copy of the “certidão negativa de denominação social” with the signatures of the partners of the company.

    The entrepreneur must obtain the receipt of the deposit. If the entrepreneur does not want to go to the bank, he can pay the amount to the registrar (conservador) at the CFE, who will later on deposit the amount at the bank on behalf of the entrepreneur – a form needs to be filled out for that purpose though.
    1 day no charge
    5

    Submit company statutes to obtain the public deed (Escritura Pública) at CFE

    Agency: Ministry of Justice/CFE

    The entrepreneur must submit the company statutes, the proof of bank deposit and of name reservation, and copies of partners’ identity documents. The CFE one-stop shop now offers standard statutes that entrepreneurs may use. If the entrepreneur does not want to use the standard statutes, a printout and memory stick or electronic version of the statute must be submitted by email. The notary will revise it and issue the public deed. He will also notarize the signatures.
    1 day included in Procedure 2
    6

    Register company and obtain registration certificate (Certidao de Matricula) from the registrar at CFE

    Agency: Ministry of Justice/CFE

    Once the public deed is ready, the company registration certificate (certidão de matrícula) is issued. The registration certificate is internally sent to the publication unit at the CFE. On a monthly basis, publications are made in hard copy on the Journal of the registry (Boletim).

    Non-risky commercial companies are no longer required to obtain an operational license (alvará) to commence operations: a simple notification form is sufficient. The form has to be signed by the Director General of the Chamber of Commerce.
    1 day included in Procedure 2
    7

    Obtain tax number (NIF) from tax office representative at CFE

    Agency: DGCI/CFE

    The tax office representative at the CFE has a list of pre-approved tax identification numbers (NIF) to assign to newly registered companies. They are issued immediately.

    The NIF is a unique tax ID number which is used for payment of all taxes.
    1 day no charge
    8

    Register as an employer with the Ministry of Labor

    Agency: Public Service Office

    Registration as an employer with the Ministry of Labor can be done at the Public Service Office.
    1 day no charge
    9

    Register as an employer with the National Social Security Institute

    Agency: National Institute of Social Security (Instituto Nacional da Segurança Social)

    All new businesses must register as an employer for Social Security at the Instituto National de Providencia Social.
    1 day no charge

    Applies to women only.