Tentmaker Reports

Guinea Report

Entrepreneurial Missions Index

37.5

General Information

Population

9,761,217 (83rd most populous country in the world)

RELIGIONS
Muslim85%
Christian8%
Indigenous7%
LANGUAGES
French

Industries

Bauxite, gold, diamonds, iron, alumina refining, light manufacturing and agricultural processing

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Guinea, visit https://www.cia.gov/library/publications/the-world-factbook/geos/gn.html.

Business Information

The World Bank ranks Guinea as 178 out of 183 economies in terms of ease of doing business. The country ranks as 181 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Guinea.

In order to start a business in Guinea, one must follow these procedures:

  1. Deposit the legally required initial capital in a bank and obtain deposit evidence
  2. Obtain police clearance record for the first directors
  3. Check the uniqueness of the company name at the Clerk’s Office in charge of company registration
  4. Obtain photocopies of identity papers and photos of founders and managers
  5. Pay the registration tax at the Tax Bureau (Direction Nationale des Impots)
  6. Deposit the company deeds and Articles of Association with the notary
  7. Pay stamp duty (Droit de Timbre) at the DNI
  8. Registration with the Commercial Registry (RCCM) at the Clerk’s Office of the local court
  9. Notice to be published in the newspaper of the Official Gazette
  10. Apply for tax identification number and pay the patente with the Tax Bureau (Direction nationale des Impots)
  11. Array
  12. Registration for Social Security with the Caisse Nationale de la Securite Sociale
  13. Make a company seal

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Guinea, visit http://www.doingbusiness.org/.

 

To learn more...

 

Guinea Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland. It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world. The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking. The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

Guinea Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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