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Fees and timelines in 2024

Fees

payment by instalmentThe average fee per Burkina Faso engagement is outlined in the table below. These fees include company incorporation, opening corporate bank accounts, project management and all government fees:

Different Burkina Faso entity types Cost Draft invoice
Tax resident LLC US$15,300 View invoice PDF
PLC US$18,450 View invoice PDF
Branch of a foreign company US$17,450 View invoice PDF

Other fee considerations

Timelines

The average Burkina Faso company registration period is 11 weeks as outlined below:

Service LLC PLC Limited Partnership Branch
Engagement planning 2 weeks 3 weeks 3 weeks 4 weeks
Company incorporation period 3 weeks 4 weeks 5 weeks 5 weeks
Bank account approval 4 weeks 5 weeks 6 weeks 6 weeks
Internet banking approval 1 week 1 week 1 week 1 week
Engagement completion 1 week 1 week 1 week 1 week
Total engagement period 11 weeks 14 weeks 16 weeks 17 weeks

Burkina Faso business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our incorporation services in Burkina Faso, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon