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Fees and timelines in 2023

Fees

payment by instalmentIncorporation costs in Year 1 amount to US$3,500 and annual company costs in Year 2 and thereafter amount to US$0. The average total fee per engagement amounts to US$15,300, which includes company incorporation and opening a local corporate bank account and all government fees. Refer to draft invoice embedded here.

Different Burkina Faso entity typesCostDraft invoice
Tax resident LLCUS$15,300View invoice PDF
PLCUS$18,450View invoice PDF
Branch of a foreign companyUS$17,450View invoice PDF

Other fee considerations

Timelines

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

Service LLCPLCLimited PartnershipBranch
Engagement planning2 weeks3 weeks3 weeks4 weeks
Company incorporation period3 weeks4 weeks5 weeks5 weeks
Bank account approval4 weeks5 weeks6 weeks6 weeks
Internet banking approval1 week1 week1 week1 week
Engagement completion1 week1 week1 week1 week
Total engagement period11 weeks14 weeks16 weeks17 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
BCEAO Burkina Faso Chamber of Commerce and Industry Burkina Faso Directorate General of Taxes Burkina Faso Ministry of Industry Trade and Handicrafts Burkina Faso National Social Security Fund Burkina Faso House of Companies Cefore
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