Capital:  Ouagadougou

Language: French

Currency:  West African CFA franc (XOF)

 

 

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Burkina Faso

 

Burkina Faso, a landlocked country in West Africa, has a rich history, vibrant culture, diverse economy, and evolving political landscape. From ancient empires to colonial rule and independence, Burkina Faso’s historical journey has shaped its identity and influenced its present-day dynamics.

The history of Burkina Faso is intertwined with the rise and fall of powerful West African empires. The Mossi people, who make up the largest ethnic group in the country, established several Mossi kingdoms, such as the Kingdom of Ouagadougou and the Kingdom of Yatenga, which flourished from the 11th century onwards. Later, French colonial forces arrived in the late 19th century, gradually establishing control over the region, which became a part of French West Africa.

Burkina Faso gained independence from France on August 5, 1960. The country’s first president, Maurice Yaméogo, was overthrown in a military coup in 1966, and a series of military regimes followed. However, in 1983, Captain Thomas Sankara came to power in a popularly supported coup, renaming the country from Upper Volta to Burkina Faso and implementing sweeping social and economic reforms. Sankara’s presidency was tragically cut short when he was assassinated in 1987, and subsequent governments have shaped the political landscape ever since.

Burkina Faso’s culture is diverse, reflecting the numerous ethnic groups present in the country, including the Mossi, Fulani, Gourma, and Bobo. Traditional music, such as the Balafon and Kora, is widely appreciated, and dance forms like the energetic and acrobatic Bwaba dance are celebrated. Art and craftsmanship play a significant role in Burkina Faso’s cultural expression, with sculptures, masks, and textiles showcasing the creativity and craftsmanship of its people.

The economy of Burkina Faso is primarily agrarian, with agriculture being the mainstay of the country’s economy and employment. The majority of the population engages in subsistence farming, producing crops such as millet, sorghum, maize, and cotton. Gold mining has emerged as an important economic sector in recent years, contributing to export revenues. The country has been striving to diversify its economy by promoting sectors such as manufacturing, tourism, and renewable energy.

Politically, Burkina Faso is a semi-presidential republic with a multi-party system. The country has experienced both democratic transitions and periods of political instability. In recent years, Burkina Faso has faced significant challenges, including security concerns due to the rise of armed extremist groups and intercommunal conflicts. However, the country has shown resilience, holding successful elections and continuing efforts to strengthen democratic institutions and governance.

As Burkina Faso looks toward the future, it faces the task of overcoming various obstacles, including poverty, access to education and healthcare, and security threats. The government, civil society, and international partners are working together to address these challenges, focusing on promoting economic development, social progress, and peacebuilding initiatives.

Burkina Faso’s history, culture, economy, and politics are intricately interwoven, shaping the country’s trajectory and aspirations. Despite the hurdles it faces, Burkina Faso’s vibrant culture, natural resources, and resilient population form the foundation for its endeavors to build a prosperous and inclusive nation.

 

Types of Companies in Burkina Faso

 

Mining Companies: Burkina Faso is known for its significant mineral resources, and mining companies play a crucial role in the country’s economy. They extract and process minerals such as gold, manganese, zinc, and copper. Notable mining companies in Burkina Faso include SEMAFO, Endeavour Mining, and Roxgold.

Agriculture and Agribusiness Companies: Agriculture is a major sector in Burkina Faso, employing a large portion of the population. Companies in this sector are involved in crop cultivation, livestock farming, and food processing. They produce crops like cotton, maize, millet, sorghum, and shea nuts. Prominent agribusiness companies include SODELIS, Burkina Faso Cotton Company (SOFITEX), and Faso Kaba.

Construction and Engineering Companies: Burkina Faso has a growing construction industry, driven by infrastructure development and urbanization. Construction and engineering companies undertake projects such as building construction, road construction, and civil engineering works. Some well-known construction companies in Burkina Faso include CIMAF, Bolloré Africa Logistics, and EBOMAF.

Telecommunications Companies: Telecommunications companies provide services such as mobile and fixed-line telecommunications, internet connectivity, and data services. Major telecommunications companies operating in Burkina Faso include Orange Burkina, Telecel Faso, and ONATEL (Office National des Télécommunications).

Banking and Financial Institutions: Burkina Faso has a developing financial sector, with banks and financial institutions offering a range of services such as retail banking, corporate banking, microfinance, and insurance. Prominent banks include Banque Atlantique Burkina Faso, Ecobank Burkina Faso, and Banque de l’Habitat du Burkina Faso.

Energy and Utilities Companies: Companies in the energy sector in Burkina Faso are involved in electricity generation, transmission, and distribution. The country is also exploring renewable energy sources like solar and wind power. Key energy and utilities companies include SONABEL (Société Nationale d’Électricité du Burkina Faso), CEB (Communauté Électrique du Burkina), and Total Burkina.

Retail and Consumer Goods Companies: Retail companies in Burkina Faso operate supermarkets, hypermarkets, and specialized stores, offering a wide range of consumer goods and products. Some notable retailers include Sahel Supermarket, La Boulangerie Francaise, and Faso Boutik.

“Our team can provide assistance if you need help registering a company in Burkina Faso.”

 

Common Questions

 

What is the legal framework for company registration in Burkina Faso?

The legal framework is governed by the Commercial Code and the OHADA (Organization for the Harmonization of Business Law in Africa) regulations.

What types of companies can be registered in Burkina Faso?

Common types include limited liability companies (SARL), public limited companies (SA), sole proprietorships, and partnerships.

What is the minimum number of shareholders required to register a company?

For a SARL, a minimum of two shareholders is required. For an SA, a minimum of five shareholders is required.

What is the minimum share capital required to register a company?

The minimum share capital for a SARL is 1 million CFA francs, while for an SA, it is 10 million CFA francs.

Can a foreigner register a company in Burkina Faso?

Yes, foreign individuals and entities can register a company in Burkina Faso.

What is the process for company name reservation?

The company name can be reserved by submitting an application to the Trade Registry.

How long does it take to register a company in Burkina Faso?

The registration process typically takes about two to three weeks.

What are the required documents for company registration?

The required documents include identification documents of shareholders, proof of address, articles of association, and bank statements.

Is it necessary to have a local address for company registration?

Yes, a local address is required for the registered office of the company.

Are there any restrictions on foreign ownership in Burkina Faso?

No, there are no specific restrictions on foreign ownership in Burkina Faso.

Can a company have a foreign director?

Yes, a company can have a foreign director, but at least one director must be a resident of Burkina Faso.

Is it mandatory to have a local partner to register a company?

No, it is not mandatory to have a local partner to register a company in Burkina Faso.

What is the role of a notary in the company registration process?

A notary is responsible for drafting and notarizing the company’s articles of association.

“Our team can provide assistance if you need help registering a company in Burkina Faso.”

 

What is the tax registration process for a newly registered company?

After company registration, the company must register for taxes with the tax authorities.

Are there any specific tax incentives available for newly registered companies?

Yes, Burkina Faso offers tax incentives in certain sectors to promote investment and economic development.

Are there any specific requirements for social security registration?

Yes, companies must register their employees for social security contributions.

Can a company have multiple business activities?

Yes, a company can engage in multiple business activities, subject to compliance with relevant regulations.

Can a company change its business activities after registration?

Yes, a company can change its business activities by amending its articles of association.

Is it mandatory to have audited financial statements?

Yes, companies in Burkina Faso are required to prepare and submit audited financial statements annually.

Can a company have a virtual office?

No, a company must have a physical registered office in Burkina Faso.

Are there any special requirements for companies operating in specific sectors?

Certain sectors may have additional licensing or regulatory requirements, such as banking, insurance, or telecommunications.

Can a company have a foreign bank account?

Yes, a company can have a foreign bank account, subject to compliance with foreign exchange regulations.

What are the annual compliance requirements for registered companies?

Annual compliance requirements include filing annual financial statements and tax returns.

Can a company be wholly owned by a foreign entity?

Yes, a company can be wholly owned by a foreign entity in Burkina Faso.

Can a company be registered online?

Currently, company registration in Burkina Faso is typically done in person at the Trade Registry.

Can a company have multiple directors?

Yes, a company can have multiple directors, subject to the requirements specified in the articles of association.

Is it necessary to register for VAT?

Yes, companies meeting the threshold for VAT must register for VAT with the tax authorities.

Can a company have a trade name different from its registered name?

Yes, a company can have a trade name different from its registered name, subject to approval.

“Our team can provide assistance if you need help registering a company in Burkina Faso.”

 

Can a company have a foreign corporate secretary?

Yes, a company can have a foreign corporate secretary, but at least one corporate secretary must be a resident of Burkina Faso.

Can a company own property in Burkina Faso?

Yes, a registered company can own property in Burkina Faso.

Are there any specific requirements for hiring employees?

Yes, companies must comply with labor laws and regulations when hiring employees.

Is it mandatory to register a trademark for a company?

Registering a trademark is not mandatory, but it provides legal protection for intellectual property.

Can a company change its registered address?

Yes, a company can change its registered address by amending its articles of association.

Is there a minimum number of employees required for company registration?

There is no specific minimum number of employees required for company registration.

Can a company have foreign currency bank accounts?

Yes, companies can have foreign currency bank accounts subject to compliance with foreign exchange regulations.

Can a company operate in multiple locations within Burkina Faso?

Yes, a company can have multiple locations within Burkina Faso, subject to compliance with local regulations.

Are there any specific regulations for import and export activities?

Yes, import and export activities are subject to customs regulations and may require additional licenses or permits.

Can a company be registered with a single shareholder?

No, a SARL must have a minimum of two shareholders.

Can a company have a board of directors?

Yes, an SA can have a board of directors, but it is not mandatory.

Is it mandatory to have a company seal?

No, it is not mandatory to have a company seal in Burkina Faso.

Can a company be registered with a foreign currency as share capital?

Yes, a company can be registered with a foreign currency as share capital, subject to compliance with foreign exchange regulations.

Is it mandatory to have a local accountant?

No, it is not mandatory to have a local accountant, but it is advisable to engage a qualified accountant familiar with local regulations.

“Our team can provide assistance if you need help registering a company in Burkina Faso.”

 

Can a company be registered with a virtual shareholder?

No, all shareholders must be identifiable individuals or legal entities.

Can a company change its legal form after registration?

Yes, a company can change its legal form by amending its articles of association.

Is it mandatory to have a business license for company operations?

Certain business activities may require specific licenses or permits, depending on the nature of the business.

Can a company have foreign employees?

Yes, a company can employ foreign nationals, subject to compliance with immigration and work permit regulations.

Can a company issue different classes of shares?

Yes, a company can issue different classes of shares with different rights and privileges.

Can a company be registered with a foreign language as its official language?

The official language for company registration in Burkina Faso is French, but company documents can be translated into other languages if necessary.

Are there any specific regulations for environmental compliance?

Yes, companies may need to comply with environmental regulations depending on their activities.

Can a company have a foreign legal advisor?

Yes, a company can engage a foreign legal advisor, but it is advisable to consult with a local legal advisor familiar with Burkina Faso’s laws and regulations.

 

Major Banks in Burkina Faso

 

Bank of Africa Burkina Faso Website: https://www.bank-of-africa.net/bf/

Ecobank Burkina Faso Website: https://www.ecobank.com/bf/

United Bank for Africa (UBA) Burkina Faso Website: https://www.ubagroup.com/countries/bf/

Banque Atlantique Burkina Faso Website: https://www.banqueatlantique.net/bf/

Coris Bank International Burkina Faso Website: https://www.corisbank.bf/

Banque Internationale du Burkina (BIB) Website: http://www.bib.bf/

Banque Sahélo-Saharienne pour l’Investissement et le Commerce (BSIC) Burkina Faso Website: https://www.bsicbank.com/burkina-faso/

Banque Régionale de Solidarité (BRS) Website: https://www.brsbank.com/bf/

Banque de l’Habitat du Burkina Faso Website: Not available

Banque Commerciale du Burkina (BCB) Website: Not available

“Our team can provide assistance if you need to open a bank account in Burkina Faso.”

 

The top universities in Burkina Faso

 

Université Ouaga I Professeur Joseph Ki-Zerbo (formerly University of Ouagadougou)

• Website: http://www.univ-ouaga.bf/
• Location: Ouagadougou
• Major Courses: Medicine, Law, Economics, Computer Science, History, Geography, Literature, Linguistics, Mathematics, Physics, Chemistry, Biology, Sociology, and more.

Université Polytechnique de Bobo-Dioulasso (UPB)

• Website: http://www.upb.edu.bf/
• Location: Bobo-Dioulasso
• Major Courses: Civil Engineering, Mechanical Engineering, Electrical Engineering, Computer Science, Architecture, Mining Engineering, and more.

Université Norbert Zongo (formerly University of Koudougou)

• Website: https://univ-zongo.org/
• Location: Koudougou
• Major Courses: History, Geography, Literature, Sociology, Anthropology, Economics, Mathematics, Physics, Chemistry, Biology, Law, Political Science, and more.

Université Nazi Boni (UNB)

• Website: http://www.univ-naziboni.bf/
• Location: Bobo-Dioulasso
• Major Courses: Agronomy, Animal Science, Plant Biology, Environment, Water and Forest Sciences, Geography, Economics, Law, Sociology, History, Literature, and more.

Université Aube Nouvelle (UAN)

• Website: https://www.uan-bf.com/
• Location: Ouagadougou
• Major Courses: Law, Business Administration, Accounting, Finance, Economics, Marketing, Management, Communication, International Relations, and more.

Université Privée de Ouagadougou (UPO)

• Website: http://www.upo.bf/
• Location: Ouagadougou
• Major Courses: Business Administration, Economics, Management, Marketing, Accounting, Finance, Communication, International Relations, Law, and more.

 

“If you need assistance registering for college or university, our team is here to help.”

 

Strange or unusual to visitors in Burkina Faso

 

Greetings: In Burkina Faso, greetings are important and often involve a series of handshakes. It is customary to greet each person individually, which can be different from cultures where a single group greeting is common.

Clothing: Traditional clothing, such as the colorful and flowing garments worn by the Mossi people, may appear unusual to visitors who are not familiar with the local attire.

Market Culture: The vibrant and bustling markets in Burkina Faso can be overwhelming to some visitors. They are filled with various sights, sounds, and smells, offering a unique sensory experience.

Food and Cuisine: Burkina Faso’s cuisine may include dishes that are unfamiliar to some visitors, such as tô (a dough-like staple made from millet or sorghum), and sauces like peanut sauce or spinach sauce. The use of local ingredients and traditional cooking methods can be intriguing and different.

Transportation: Modes of transportation, such as colorful painted buses known as “bush taxis” or motorcycle taxis (locally called “zemidjans”), may seem unusual to visitors accustomed to more conventional transportation options.

Language and Cultural Diversity: Burkina Faso is home to numerous ethnic groups, each with its own languages, customs, and traditions. Visitors may encounter various languages and cultural practices that are unfamiliar to them.

Etiquette and Social Customs: Cultural norms, such as eating with your right hand, removing your shoes when entering someone’s home, or addressing elders with respect, may be different from what visitors are accustomed to.

Traditional Festivals: Burkina Faso hosts vibrant traditional festivals and ceremonies throughout the year. The unique costumes, music, and dances performed during these events may be intriguing and unusual to visitors.

Lack of Infrastructure: Some visitors might find the limited infrastructure in certain areas of Burkina Faso, particularly in rural regions, unusual. This could include basic amenities like access to electricity, running water, or well-paved roads.

 

“Tips for Newcomers: Adjusting to Life in Burkina Faso”

 

Learn the Local Language: Burkina Faso’s official language is French, so learning some basic French phrases will greatly assist in daily communication. Additionally, depending on the region, there are local languages spoken, such as Moore, Jula, or Fulfulde. Familiarize yourself with common greetings and expressions.

Embrace the Culture: Burkina Faso has a rich cultural heritage. Take the time to learn about the customs, traditions, and social norms of the local people. Respect their traditions, dress modestly when appropriate, and be open to experiencing local festivals and celebrations.

Stay Hydrated: Burkina Faso has a hot climate, particularly during the dry season. Drink plenty of water to stay hydrated and protect yourself from the sun. It’s advisable to carry a reusable water bottle with you.

Dress Appropriately: Respect local customs and dress modestly, especially in more traditional and rural areas. This means covering your shoulders and knees. Light and loose-fitting clothing made from breathable fabrics will help you stay comfortable in the heat.

Respectful Greetings: Greetings are an important part of Burkinabe culture. Take the time to greet people properly, using appropriate greetings and handshakes. Show respect for elders by addressing them with courtesy.

Safety and Security: Stay informed about the current security situation in the country and follow any travel advisories. Take precautions such as avoiding isolated areas at night, securing your belongings, and using reliable transportation options.

Try Local Cuisine: Burkina Faso has a diverse culinary scene. Be open to trying local dishes such as tô, riz gras (spiced rice), or grilled meat. Also, be cautious with street food and ensure it is prepared in hygienic conditions.

Build Relationships: Establishing relationships with locals and fellow expatriates can help you navigate daily life and provide valuable insights into the culture. Participate in community events, join clubs or organizations, and engage in social activities.

Stay Health Conscious: Prioritize your health and take necessary precautions. Stay updated on required vaccinations, use mosquito repellent to prevent mosquito-borne illnesses, and seek medical advice for any health concerns.

Embrace the Slow Pace: Burkina Faso has a more relaxed and slower pace of life compared to some other countries. Embrace the concept of “Burkinabe time” and be patient when it comes to bureaucracy, transportation, and other aspects of daily life.

 

Top recruitment agencies in Burkina Faso

 

AGRH – Association for Human Resources Management in Burkina Faso: A professional association that focuses on HR management and can provide resources and connections related to employment and recruitment. Website: Not available

Online Job Portals: Consider utilizing online job portals specific to Burkina Faso, such as EmploiBurkina and FasoJob, to search for job vacancies and potentially connect with employers. Websites:

EmploiBurkina: http://www.emploiburkina.com/

FasoJob: https://www.fasojob.com/

Social Media Platforms: Explore professional networking platforms like LinkedIn, where you can find job opportunities and connect with professionals and organizations in Burkina Faso.

Government Employment Agencies: Burkina Faso may have government-run employment agencies or centers that assist with job placement and career services. Visit local employment offices or government websites for more information.

 

Necessary phone numbers in Burkina Faso

 

Emergency Services:

• • Police Emergency: 17
  • Fire Department: 18
  • Medical Emergency: 112 or 113

Directory Assistance: 12

Burkina Faso Tourism Office:

• • Ouagadougou: +226 25 30 61 44 / +226 25 30 61 45
  • Bobo-Dioulasso: +226 20 97 26 04 / +226 20 97 26 05

U.S. Embassy in Burkina Faso:

• • Emergency: +226 25 49 53 00
  • Non-Emergency: +226 25 49 53 00

Canadian Embassy in Burkina Faso:

• • Emergency: +226 25 30 67 00
  • Non-Emergency: +226 25 30 67 00

British High Commission in Burkina Faso:

• • Emergency: +226 25 49 03 50
  • Non-Emergency: +226 25 49 03 50

Australian Honorary Consulate in Burkina Faso:

• • Ouagadougou: +226 25 37 53 85
  • Bobo-Dioulasso: +226 20 97 23 15

Embassy of France in Burkina Faso:

• • Ouagadougou: +226 25 49 66 66

Embassy of Germany in Burkina Faso:

• • Ouagadougou: +226 25 49 66 77 / +226 25 49 66 78