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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 between 10 and 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 190 economies. The most recent round of data collection was completed in June 2016.

Compare Guinea to 189 other economies.

  • 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.