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Starting a Business in Equatorial Guinea Guide

Staff Reporter | 3:10 PM |

Formal registration of companies has many immediate benefits for the companies and for business owners and employees. Legal entities can outlive their founders. Resources are pooled as several shareholders join forces to start a company. Formally registered companies have access to services and institutions from courts to banks as well as to new markets. And their employees can benefit from protections provided by the law. An additional benefit comes with limited liability companies. These limit the financial liability of company owners to their investments, so personal assets of the owners are not put at risk. Where governments make registration easy, more entrepreneurs start businesses in the formal sector, creating more good jobs and generating more revenue for the government.


Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Equatorial Guinea. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected from World Bank: Doing Business 
No.ProcedureTime to CompleteAssociated Costs
1Obtain a copy of the criminal records1 dayno charge
2Notary legalizes company statutes3-14 days3-6% of capital
3Register public deed in the commercial registry2-3 days3% of capital
4Open bank account and obtain bank certificate (solvencia bancaria)1 dayno charge
5Obtain certificate of solvency2 daysCFA 10,000 – 15,000 (stamps)
6Apply for authorization of establishment by the Prime Minister1-12 monthsCFA 2000 (stamp)
* 7Apply for registration with the Department of Small and Medium-size Companies at the Ministry of Commerce Ministerio de Economia, Comercio y PromociĆ³n Empresarial)1 day (simultaneous with previous procedure)CFA 100000
* 8Apply for registration with the Department of Commerce at the Ministry of Commerce (Ministerio de Economia, Comercio y PromociĆ³n Empresarial)1 day (simultaneous with previous procedure)CFA 150000
* 9Apply for tax registration1 day (simultaneous with previous procedure)1% of capital (tax identification number – NIF) + 1% of capital (minimum fiscal quota) + CFA 2,000 (tax ID number)
* 10Apply for registration with the Ministry of Labor of the start of operations1 day (simultaneous with previous procedure)CFA 300 (form) + CFA 6,750 (small) - CFA 12,500 (medium-sized)
* 11Pay fees into treasury’s bank account1 day (simultaneous with previous procedure)included in procedure 7-10
12Obtain confirmation from Treasury for receipt of payment3-5 days (simultaneous with previous procedure)no charge
13Provide confirmation of payment and obtain license from Department of Small and Medium-size Enterprises14 days (simultaneous with previous procedure)included in procedure 7
* 14Provide confirmation of payment and obtain license from Department of Commerce14 days (simultaneous with previous procedure)included in procedure 8
* 15Obtain tax identification number (NIF)2 days (simultaneous with previous procedure)included in procedure 9
* 16Obtain registration number with Ministry of Labor1 day (simultaneous with previous procedure)included in procedure 10
* 17Obtain social security numberno chargeno charge
* 18Register for social security1 day (simultaneous with previous procedure)CFA 300 per page
* Takes place simultaneously with another procedure.