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 2014.

Compare Guinea to 188 other economies.

  • Standardized Company

  • Legal form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
  • Paid in minimum capital requirement: GNF 14,218,100
  • City: Conakry
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 file a written request for depositing the capital into a blocked bank account.
1 day no charge
2 Check the uniqueness of the company name
Agency: Registry

The founder 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

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 limited liability companies
4 Register with the One-stop shop (APIP) to obtain company registration, tax registration, and 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 another procedure.

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