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?
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