Business entities in Equatorial Guinea

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

The Equatorial Guinea limited liability company (Société à Responsabilité Limitée – SARL)

business setup procedures in Equatorial Guinea

  • In accordance with Equatorial Guinea regulations, all foreign-owned Equatorial Guinea LLCs must have i) 35% of their shares held by Equatorial citizens and ii) one third of their directors must also be Equatorial Guinea citizens. Consequently, most of our Clients prefer to register a branch of their foreign business in Equatorial Guinea. Alternatively, Healy Consultants Group PLC can assist our Clients find nominee shareholders and directors;
  • An Equatorial Guinea LLC must appoint an auditor to submit financial statements and an audit must be submitted every year Such entity must also maintain its accounting books in French at its registered office in Equatorial Guinea, according to the OHADA laws.

The Equatorial Guinea public limited company (Société anonyme – SA)

  • Like the LLC, the Equatorial Guinea PLC (SA) requires 35% of its shareholders to be held by Equatorial Guinea citizens, while 33% of directors must also be nationals of the country;
  • The Equatorial Guinea public limited company (PLC) accounting books must be maintained in French at its registered office in Equatorial Guinea. If required, Healy Consultants will assist our Client to locate permanent office premises in Equatorial Guinea. Annual financial statements must be prepared and an audit must be submitted every year.

The Equatorial Guinea branch (Succursale)

Foreign corporations can register a branch in Equatorial Guinea. The scope of operations for this entity will be defined by the parent company. Also, the branch office must have a registered office in Equatorial Guinea as well as a resident agent appointed by the company to receive summons, notices etc. on behalf of the company.

Table of comparison between Equatorial Guinea entities

 LLCPLCBranch
Also known as:SARLSASuccursale
How long to set the company up?16 weeks16 weeks20 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
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
Equatorial Guinea resident agent required?YesYesYes
Corporate shareholders allowed?YesYesYes
Corporate director(s) allowed?YesYesYes
Statutory audit required?YesYesYes
Equatorial Guinea corporate tax rate?35%35%35%
Annual financial statements required?YesYesYes
Regulated by?Equatorial Guinea Companies RegistrarEquatorial Guinea Companies RegistrarEquatorial Guinea Companies Registrar
Allowed to issue sales invoices?YesYesYes
Allowed to sign contracts?YesYesYes
Allowed to import and export goods?YesYesYes
Can rent an office space in Equatorial Guinea?YesYesYes
Can buy Equatorial Guinea property?YesYesYes
Total Equatorial Guinea business setup costs in yr. 1?US$22,200US$22,200US$21,850
Subsequent annual costs (incl. accounting and tax fee)?US$3,900US$3,900US$3,900
Sample engagement invoice?View invoice PDFView invoice PDFView invoice PDF

Contact us

For additional information on our business setup services in Equatorial Guinea, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Petar Chakarov, directly:
Equatorial Guinea Government