Doing business in Burkina Faso
- How quickly can I set up a business?
- What is the minimum investment needed?
- How can I raise finance?
- What are the legal requirements for setting up my business?
- What structure should I consider?
- What advice can you give me in regards to payroll and taxation requirements?
- Is there anything else that I should know?
How quickly can I set up a business?
10 Days.
What is the minimum investment needed?
Share capital :
– SARL, SAS …………………(1 000 000 F.CFA)
– SA……………………….. (10 000 000 F.CFA)
Registration fees ……………….50 500 FCFA
Legal notice …………………….64 000 FCFA
Notarial acts………………….To be defined
Authorisation to trade ……….22 210 FCFA
How can I raise finance?
As the country does not yet have a functioning investment fund, funds can only be raised to finance your investments from financial institutions.
What are the legal requirements for setting up my business?
Requirements:
– Minimum capital
– Authorisation to trade
– Registered office
– Auditor for SA
Legal structure options:
– Limited Company (SA)
– Limited Liability Company (SARL)
– simplified joint-stock companies) (SAS)
– limited partnership (SCS)
– Cooperative society
What structure should I consider?
We recommend one of the following three legal forms for a business enterprise:
– Limited company (SA)
– Limited Liability Company (SARL)
– Simplified joint-stock companies) (SAS)
What advice can you give me in regards to payroll and taxation requirements?
Location:
– Ouagadougou: Administrative capital
– Bobo-Dioulasso: Economic capital
– Any other location in Burkina Faso depending on the nature of the activity
Payroll, HR and tax requirements
– All employment must be evidenced by an employment contract signed by both parties
– Expatriate employment contracts must be subject to visa formalities
– Social security contributions must be paid to the social security fund (CNSS)
– Tax declarations are submitted online on the eSINTAX platform of the tax authorities
Is there anything else that I should know?
Burkina Faso has an :
– Investment Code which grants at least 5 privileged regimes
– Mining Code which grants investment favours in the mining sector
– Agro-sylvo-pastoral, halieutic and wildlife investment code;
– Growth poles (in cities Bagré, Sourou)
– Business arbitration and mediation center.
Our firms in Burkina Faso
How can Kreston grow your business?
Select your business type:
Latest news
Kreston Global starts 2023 by adding eight new firms across four continents
LONDON – Kreston Global has begun 2023 by welcoming eight new member firms on four continents: India, Uganda, Lebanon, Japan, Croatia, Bangladesh, Chile and Taiwan.
Kreston Global welcomes new member firm in Uganda
Kreston HM focuses on providing audit, accounting services, and tax advisory and was founded by managing partner Hitesh Mehta, in 2005. Based in Kampala, with another office in Jinja, the firm has 3 partners and 45 staff and has rebranded as Kreston HM to take advantage of the extensive global reach of the Kreston network.
Invest in Mauritania
The latest guide to investing in Mauritania from Exco GHA Mauritanie, “Invest in Mauritania” in English. Learn about investment opportunities in sectors with huge growth potential.
