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Doing business in Burkina Faso

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.

How can Kreston grow your business?
Select your business type:

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