Guinea

Starting a Business in

Guinea

Listed below is a detailed summary of the bureaucratic and legal hurdles an entrepreneur must overcome in order to incorporate and register a new firm, along with their associated time and set-up costs.  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 (GNI).

The information appearing on this page 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 183 economies. The most recent round of data collection for the project was completed in June 2011.

  • Standardized Company

  • Legal Form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
  • City: Conakry

About This Topic

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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 Obtain police clearance record for the first directors

Guinean citizens can obtain the police clearance record from the clerk's office of the court of their birthplace.
2 days GNF 6000 (per copy)
3 Check the uniqueness of the company name at the Clerk’s Office in charge of company registration

The founder can check the name at no cost.
5 days no charge
4 Pay the registration tax at the Tax Bureau (Direction Nationale des Impôts)

The registration tax is calculated on the company’s initial capital, as follows:
- GNF 0 to GNF 1,000,000: 1% of capital.
- GNF 1,000,001 to GNF 500,000,000: 0.5% of capital.
- Over GNF 500,000,000: 0.25% of capital.
1 day 0.5% of initial capital
5 Deposit the company deeds and Articles of Association with the notary

In addition to the company deed and the articles of association, the following documents must be submitted to the notary public:
- Shareholder identity papers (photocopy).
- Photographs of managers (two).
- Payment of registration tax.

The notary provides the entrepreneur with the following documents:
- Certificate of conformity (attestation de conformité).
- Bank certificate ( attestion bancaire).
- Copy of the statuts.
2 days Notary fees vary between GNF 1.3 million and GNF 3.5 million
6 Pay stamp duty (Droit de Timbre) at the DNI

The stamp duty tax (droit de timbre) is paid at the Tax Bureau (Direction Nationale des Impôts, DNI), at the rate of one stamp a page at GNF 1,000 each (10 copies of 10 pages each are required—the original and copies for the lawyer, bank, Commercial Registry, Tax Bureau, and each partner). In addition, the entrepreneur must pay GNF 15,000 for a “proces verbal” for the first general assembly and the board.
1 day GNF 100,000 + 15,000
7 Registration with the Commercial Registry (RCCM) at the Clerk’s Office of the local court


1 week GNF 150,000
8 Notice to be published in the newspaper or the Official Gazette

The notice must be published within 15 days of registration. The Official Gazette (Journal Officiel) is printed twice a month. The entrepreneur can also publish the notice in the “Hebdo.” The publication cost varies between GNF 300, 000 and GNF 600,000, depending on the newspaper.
20 days GNF 300,000
* 9 Apply for tax identification number and pay the patente with the Tax Bureau (Direction Nationale des Impôts)


7 days, simultaneous with procedure 9 GNF 27,000
* 10 Notification to Employment Bureau (Office National de l’Emploi et de la Main-d’Oeuvre)


7 days, simultaneous with procedure 9 no charge
* 11 Registration for Social Security with the Caisse Nationale de la Sécurité Sociale


7 days, simultaneous with procedure 9 no charge
* 12 Make a company seal


1 day, simultaneous with procedure 9 GNF 150,000-250,000
* Takes place simultaneously with another procedure.
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