Open a company in Guinea-Bissau

The Republic of Guinea-Bissau is located in the western part of Africa, on the Atlantic coast. In addition to the mainland, the state includes the island of Bolama, the Bizhagos archipelago. The former Portuguese colony achieved independence in 1973, today the country's economy is actively developing. The most popular areas – fishing, agriculture. Non-residents also prefer to use the jurisdiction for tax-free car registration.

Registration of a company in the jurisdiction is 100% possible with the investment of foreign capital. The procedure is quite simple and complies with European standards.

Official language

Portuguese

Legal forms of companies

• Limited Liability Company (SARL);
• corporation (SA);
• branch of a foreign firm.

Capital

Bissau

Major cities

Bafata, Gabu, Bisora

Form of government

Presidential republic

Legal system

Romano-Germanic

Currency

CFA franc

Registration fee

What's included

1. Consultation.
2. Due Diligence.
3. Selecting a unique name.
4. Preparing documents.
5. Pay the registration fee.
6. Entering company data in the Commercial Register, obtaining an extract.
7. Translation and legalization of documents at the embassy.

Documents required from the beneficiary

1. Identity cards of managers, shareholders.
2. A document that confirms the contribution of the authorized capital.
3. Minutes of the meeting of shareholders.

Documents provided after registration

1. Extract from the commercial register.
2. Legalized translation of the extract.

Working algorithm

1. We provide detailed advice on opening a company in Guinea-Bissau.
2. We carry out the Due Diligence procedure, which provides for the identification of the beneficiary.
3. Preparing documents.
4. Opening a bank account.
5. We register a company at the Center for Enterprise Creation (subordinate to the Ministry of Economy).

Jurisdiction Benefits

1. Ease of procedure.
2. Absence in "black" and «gray» lists of the EU, FATF, OECD, Ukrainian Cabinet of Ministers.
3. The ability to pay income tax at a 2-fold reduced rate – 12.5% instead of 25%.
4. No taxation of funds received from foreign sources.
5. No reporting requirements.
6. No public registry of companies.
7. You can use a nominal service.

Disadvantages of jurisdiction

1. The state is one of the five poorest in the world.
2. In addition to the registration fee, you need to pay for a license.
3. The search for a name in the registry is paid.

List of banks in jurisdiction

1. Banque Centrale des États de l’Afrique de l’Ouest
2. Ecobank.
3. Banco Da Uniao.
4. Banque Régionale de Solidarité.
5. Banco Da Africa Ocidental

Company requirements

1. The title must be unique.
2. It is necessary to open a bank account, deposit the authorized capital.
3. Foreign investors need to obtain a tax number in the country.

Corporate law

Civil Code (1984)

Tax Information Agreements

The authorities of the state have not joined the international convention, there are no bilateral agreements with other states.