Business entities in Burkina Faso in 2023

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Healy Consultants will assist our Clients with incorporating the optimal corporate structure in Burkina Faso. There are several ways of doing business in Burkina Faso, the most common being the setting up of a limited liability company. Foreign entrepreneurs may also opt to set up a public limited company, a limited partnership or a branch office.

The Burkina Faso limited liability company (Société à Responsabilité Limitée – SARL)

  1. The Burkina Faso limited liability company (LLC) must appoint at least 1 director and 1 shareholder who can be of any nationality. The minimum paid-up share capital required to complete the incorporation process is US$2000;
  2. A Burkina Faso LLC must appoint an auditor to submit financial statements and an audit must be submitted every year;
  3. The Burkina Faso LLC must maintain its books of accounts in French at its registered office in Burkina Faso according to the OHADA laws.

The Burkina Faso public limited company (Société anonyme – SA)

  1. This business entity requires a minimum capital of US$20,000 which must be paid up in full prior to incorporation. At least 1 shareholder and 3 directors must be appointed, whom can be of any nationality.
  2. The Burkina Faso public limited company (PLC) books of accounts must be maintained in French at its registered office in Burkina Faso. The accounts must be maintained according to the OHADA system of accounting. If required, Healy Consultants will assist our Client to locate permanent office premises in Burkina Faso;
  3. Annual financial statements must be prepared and an audit must be submitted every year. A Burkina Faso PLC must appoint an approved auditor

The Burkina Faso branch (Succursale)

A Burkina Faso branch office can be 100% foreign owned. The scope of operations for this entity will be defined by the parent company. Also, the branch office must have a registered office in Burkina Faso as well as a resident agent appointed by the company to receive summons, notices etc. on behalf of the company.

Table of comparison between Burkina Faso entities

Also known as:SARLSASuccursale
How long to set the company up?3 weeks4 weeks5 weeks
How long to open company bank account?4 weeks5 weeks6 weeks
Legal liability?LimitedLimitedUnlimited
Wholly foreign owned?YesYesYes
Minimum paid - up share capital?US$2,000US$20,000US$1
File annual tax return?YesYesYes
Tax registration certificate required?YesYesYes
Recommended corporate bank account?Bank of AfricaBSICUBA
Does our Client need to travel?NoNoNo
Resident director required?NoNoNo
Resident shareholder required?NoNoNo
Minimum directors allowed?131
Minimum shareholders?111
Tax identification code needed?YesYesYes
Burkina Faso resident corporate agent required?YesYesYes
Corporate shareholders allowed?YesYesYes
Corporate director(s) allowed?YesYesYes
Statutory audit required?YesYesYes
Burkina Faso corporate tax rate?27.5%27.5%27.5%
Annual financial statements required?YesYesYes
Regulated by?Chamber of Commerce and IndustryMinistry of CommerceMinistry of Commerce
Allowed to issue sales invoices?YesYesYes
Allowed to sign contracts?YesYesYes
Allowed to import and export goods?YesYesYes
Can rent an office space in Burkina Faso?YesYesYes
Can buy Burkina Faso property?YesYesYes
Total Burkina Faso business setup costs in yr. 1?US$15,300US$18,450US$17,450
Subsequent annual costs (incl. accounting and tax fee)?US$3,400US$3,400US$3,400
Sample engagement invoice?View invoice PDFView invoice PDFView invoice PDF

Contact us

For additional information on our business setup 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