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 185 economies. The most recent round of data collection was completed in June 2012.

Compare Guinea to 184 other economies.

  • Standardized Company

  • Legal Form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
  • Paid in Minimum Capital Requirement: XOF 1,000,000
  • City: Conakry

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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 Check the uniqueness of the company name


5 days no charge
3 Prepare the company deeds and Articles of Association with the notary

The founder can check the name at no cost.
2 days Notary fees vary between GNF 1.8 million and GNF 3.5 million
4 Register with the One-stop shop (APIP) to obtain company registration, tax registration, and social security registration and pay fees.

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
6 days (registration) + 20 days (publication) 100,000 (registration at RCCM) + 100,000 (Tax ID) + 150,000 (publication) + 1,000/page (stamp duty) + 1% of capital (registration tax)
* 5 Notification to Employment Bureau (Office National de l’Emploi et de la Main-d’Oeuvre)

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 status

 7 days (simultaneous with previous procedure) no charge
* 6 Make a company seal

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 (simultaneous with previous procedure) GNF 100,000 + 15,000
* Takes place simultaneously with another procedure.
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