Burkina Faso is a landlocked country in West Africa. The Government of Burkina Faso (GOBF) wishes to attract more foreign direct investment (FDI) and has been implemented over the years, reforms to make Burkina Faso more impressive to international investors. GOBF revised its investment code in 2010, offering tax and exemptions from customs as well as from value added tax (VAT) on operational equipment. To further encourage business and investment, GOBF launched the Presidential Council for Investment, an advisory body in December 2008.
Scroll down for more information on Company Formation in Burkina Faso
Type | Limited Liability Company/Branch office |
Under Burkina Fosa law, foreigners can own | 100% |
Share Capital | XOF1,000,000 |
Manager | Minimum One |
Shareholders | Minimum One |
Memorandum and Articles of Association | Yes |
Can the entity hire expatriate staff in Burkina Faso | Yes |
Tax Registration Certificate required | Yes |
Statutory audit required | yes |
How long to open Corporate Bank Account | One Week |
Timeframe to Incorporation | 3-4 weeks |
Annual Tax | Yes |
Access to Burkina Faso double tax treaties | Yes |