Guinea

Starting a Business in

Guinea

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Guinea. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in June 2013.

Compare Guinea to 188 other economies.

  • Standardized Company

  • Legal Form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
  • Paid in Minimum Capital Requirement: GNF 9,994,004
  • City: Conakry
No. Procedure Time to Complete Associated Costs
1 Deposit the legally required initial capital in a bank and obtain deposit evidence

The lawyer or notary public needs to file a written request for depositing the capital into a blocked bank account.
2 days no charge
2 Check the uniqueness of the company name

The founder can check the name at no cost.
5 days no charge
3 Prepare the company deeds and Articles of Association with the notary

The Chamber of Notaries of Guinea has reduced the notary fees for the constitution of limited liability companies to GNIF 1.8 million.
2 days GNF 1.8 million for LLCs
4 Register with the One-stop shop (APIP) to obtain company registration, tax registration, and social security registration and pay fees.

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)
7 days (registration and publication) see comments
* 5 Notification to AGUIPE (Agence Guinéenne pour la Promotion de l’Emploi)


3 days (simultaneous with previous procedure) no charge
* Takes place simultaneously with another procedure.

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