Published
Sep 4, 2023
Updates:
Sep 16, 2024
Guinea
The country is under sanctions by the United Nation’s Security Council and/or the UK Government. Currently B2B Hub is not providing legal and financial services for the present country.
Price:
Delivery:
Legal forms:
Payment methods:
3 months
Inc., LLC., Ltd.
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Guinea
$
1000
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Registrar
Abbreviation
Phone
Location
Capital
Official languages
Population
Currency
ISO 4217
Conakry
Guinea
French
14,190,612
GNF
Guinean Franc
Delivery
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Guinea
Frequently Asked Questions for Company Formation in Guinea:
Q: What is the process of company formation in Guinea?
A: The process of company formation in Guinea involves several steps, including the reservation of a company name, the drafting and notarization of the company's articles of incorporation, the payment of incorporation fees, and the registration of the company with the Guinean government.
Q: What are the types of companies that can be formed in Guinea?
A: Companies that can be formed in Guinea include sole proprietorships, partnerships, limited liability companies (LLCs), joint ventures, and public limited companies (PLCs).
Q: What is the minimum capital required to form a company in Guinea?
A: The minimum capital required to form a company in Guinea depends on the type of company being formed. For example, the minimum capital required to form an LLC in Guinea is XOF 1 million, while the minimum capital required to form a PLC is XOF 10 million.
Q: How long does it take to form a company in Guinea?
A: The time required to form a company in Guinea can vary depending on the type of company being formed, the completeness of the incorporation documents, and the efficiency of the Guinean government's registration process. However, it typically takes several weeks to several months to complete the company formation process in Guinea.
Q: What are the taxes and fees associated with company formation in Guinea?
A: The fees associated with company formation in Guinea include incorporation fees, stamp duty fees, and legal fees. The taxes that companies in Guinea are subject to include corporate income tax, value-added tax (VAT), and customs duties.
Q: What are the requirements for registering a company in Guinea?
A: The requirements for registering a company in Guinea include the submission of a notarized copy of the company's articles of incorporation, a copy of the company's tax identification number, a copy of the company's lease agreement, and a copy of the company's business license.
Q: Can foreigners own a company in Guinea?
A: Yes, foreigners can own a company in Guinea. However, they may be subject to certain restrictions and regulations depending on the type of company being formed and the industry in which the company operates.
Q: Do I need a local partner to form a company in Guinea?
A: It is not always necessary to have a local partner to form a company in Guinea. However, depending on the type of company being formed and the industry in which the company operates, having a local partner may be advantageous.
Q: Can I register my company online in Guinea?
A: No, currently there is no online registration system available for company formation in Guinea. All registration procedures must be completed in person at the relevant government office.
Taxation in Guinea is regulated by the Tax Code and the General Tax Directorate (DGI) of Guinea.
Corporate Taxation:
Companies registered in Guinea are subject to corporate income tax at a flat rate of 35% on their net taxable income. In addition to corporate tax, companies may also be subject to other taxes such as value-added tax (VAT), payroll tax, and municipal taxes.
Personal Taxation:
Individuals who are resident in Guinea are subject to a progressive income tax system with tax rates ranging from 0% to 40% depending on their income level.
Tax Payment Process:
The tax year in Guinea runs from 1st January to 31st December of the same year. Both individuals and corporations are required to file their tax returns annually, with the deadline for filing being in March of the following year.
Taxpayers can make their payments at any authorized bank or online through the DGI's website. In addition to income tax, taxpayers may also be subject to other taxes such as property tax, stamp tax, and customs duties.
It is important to note that tax evasion is a significant issue in Guinea, and the government has been making efforts to improve tax compliance by implementing measures such as electronic tax payment systems, taxpayer education programs, and the creation of a tax court to handle tax disputes.
In summary, the tax system in Guinea includes a flat corporate tax rate of 35% for companies and a progressive income tax system for individuals, with tax rates ranging from 0% to 40%. The tax year runs from January 1st to December 31st with the deadline for filing tax returns being in March of the following year. Taxpayers can make their payments at any authorized bank or online through the DGI's website.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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