Burkina Faso flag Burkina Faso: Operating a Business in Burkina Faso

Starting a business in Burkina Faso

Legal Forms of Companies

Limited Liability Company (LLC/SARL)
Number of partners: Minimum one shareholder and one director, of any nationality
Capital (max/min): XOF 1,000,000
Shareholders and liability: Liability is limited to the assets of the company
Public Limited Company (SA)
Number of partners: Minimum one shareholder and three directors, of any nationality
Capital (max/min): XOF 10,000,000
Shareholders and liability: Liability is limited to the assets of the company
Société en Commandite Simple
Number of partners: Minimum one with limited liability and one with unlimited liability
Capital (max/min): No minimum capital required.
Shareholders and liability: Sleeping partners who do not participate in management have limited liability. However, the liability of the general partners or managing partners remains unlimited
Setting Up a Company Burkina Faso Sub-Saharan Africa
Procedures (number) 3.0 7.5
Time (days) 13.0 21.3

Source: Doing Business, 2016

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Burkina Faso.

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Latest Update: July 2022