Official Name: The Republic of Guinea-Bissau
West African CFA franc (XOF)
- Consultation (in person, online, phone)
- Helping to prepare your documents
- Start to finish your company registration process
- Immigration services
The history of Guinea-Bissau dates back to pre-colonial times when it was inhabited by various ethnic groups, including the Mandinka, Fulani, and Balanta. The region witnessed the rise and fall of powerful African kingdoms, such as the Gabu and Kaabu Empires. European colonization began in the 15th century when the Portuguese established trading posts along the coast. Guinea-Bissau gained independence from Portugal on September 24, 1973, after an armed struggle led by the African Party for the Independence of Guinea and Cape Verde (PAIGC).
Guinea-Bissau’s culture is diverse, reflecting the ethnic and linguistic plurality of its population. The country is home to several ethnic groups, each with its own traditions, languages, and customs. Music, dance, and oral storytelling are integral parts of the cultural fabric. The traditional music style called gumbe, characterized by its lively rhythms and dance movements, is particularly popular. Guinean cuisine often features rice, fish, palm oil, and a variety of locally grown vegetables.
The economy of Guinea-Bissau faces numerous challenges, including limited infrastructure, weak governance, and heavy reliance on agriculture. The country’s economy is primarily agricultural, with cashew nuts being the main export crop. Fishing is also an important economic activity. However, Guinea-Bissau struggles with issues such as poverty, low productivity, and inadequate access to markets and financing. Efforts are being made to diversify the economy, promote private investment, and improve infrastructure to unlock the country’s potential.
Politically, Guinea-Bissau has experienced frequent political instability and military coups since gaining independence. The country has struggled to establish a stable and effective governance system. However, there have been recent positive developments, including successful democratic elections and peaceful transfers of power. Guinea-Bissau is actively engaged in regional and international organizations, such as the African Union and the Community of Portuguese-Speaking Countries (CPLP).
As Guinea-Bissau looks towards the future, it faces significant challenges in terms of governance, poverty alleviation, and economic development. The government is working towards enhancing political stability, strengthening democratic institutions, and promoting social and economic reforms. International support and cooperation are crucial in helping Guinea-Bissau overcome its challenges and achieve sustainable development.
The history, culture, economy, and politics of Guinea-Bissau contribute to its unique character. While the country faces numerous obstacles, its cultural diversity, natural resources, and resilient population offer potential for growth and positive change. Guinea-Bissau’s commitment to democratic principles, social progress, and regional cooperation positions it on a path towards stability and sustainable development.
What is the best type of company to operate?
Limited Liability Company (known as LDA)
How much is a corporate tax in Guinea Bissau?
How much is VAT in Guinea Bissau?
How much does it cost to register a company in Guinea Bissau?
$ 15500 USD
What is the minimum capital required to register a company?
$ 1800 USD
Do company executives should travel to Guinea Bissau to complete the company registration?
How long does it take to register a company?
Is it necessary to have an office physically to register a company?
The benefit of company registration in Guinea Bissau
- Company registration can be done with a manager and a shareholder of any nationality.
- Company executives do not need to reside in Guinea-Bissau.
- The minimum capital required to register a company is $ 1,800.
- Managers do not need to travel to Guinea-Bissau to register a company and complete the process.
- Manufacturing companies can export their products to 16 African countries with reduced customs duties.
- Companies related to environment enjoy a 50% tax exemption for 6 years.
- Investors can transfer their capital and profits abroad.
The disadvantage of company registration in Guinea Bissau
- The cost of setting up a company in Guinea-Bissau is higher than in other countries.
- All company documents must be translated into Portuguese.
- It is very difficult for investors to communicate with government officials and workers because people speak Portuguese.
- Small consumer market only 1.7 million people.
- Severe social and political instability.
- Using electricity facilities for companies and factories is very time consuming and costly.
- Widespread corruption and bureaucracy.
Type of company registration
Limited Liability Company (LDA)
Public Limited Company (SA)
Branch Office (Sucursal)
Representative Office (Oficina de)
The company registration process
- Submit company registration application
- Specify the company name
- Prepare the company’s articles of association, including the name of the company, type of activity, names of shareholders and the amount of shares of shareholders, names of directors, address and telephone number of the company
- Opening a bank account and transfer the company’s capital
- Registration of the company
- Publishing the company articles in newspaper
- File with the tax office and get a professional license
- Prepare a stamp and letterhead
- File a case with the Social Security Administration