Doing Business with Guinea-Bissau

A comprehensive guide to doing business, exporting, investing, and manufacturing in Guinea-Bissau.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Guinea Bissau National Investments Agency

National Chamber of Commerce

Câmara de Comércio, Indústria, Agricultura e Serviços da Guiné-Bissau

Tel: +245 956 601 673
Email: contato@ccias.gw

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Ministério das Finanças, Guiné-Bissau

Email: info@mef.gw
Web: www.mef.gw

  • Type of Government: Semi-presidential republic
  • Population: Approximately 2 million
  • GDP: Around $1.5 billion USD
  • Corporate Tax Rate: 25%
  • Personal Income Tax Rate: 0% to 20%
  • Major Exports: Cashew nuts, fish, seafood
  • Major Imports: Foodstuffs, machinery, fuel

 

Exporting to Guinea-Bissau involves several steps. Here’s a comprehensive guide:

  1. Research Market Requirements

    • Understand Guinea-Bissau’s import regulations and standards for your product.
    • Check for any product-specific certifications needed.
  2. Identify Local Partners

    • Establish relationships with local distributors or agents in Guinea-Bissau.
  3. Prepare Export Documentation

    • Include commercial invoices, packing lists, and certificates of origin.
    • Ensure compliance with labeling and packaging requirements.
  4. Arrange Logistics and Shipping

    • Choose a reliable shipping company experienced with exports to Guinea-Bissau.
    • Ensure accurate completion of shipping documents, such as bills of lading.
  5. Customs Declaration

    • Work with a customs broker to facilitate the clearance process.
    • Pay any necessary duties and taxes.
  6. Understand Duties and Taxes

    • Familiarize yourself with Guinea-Bissau’s import duties and applicable taxes.
  7. Distribution and Sales

    • Establish distribution channels within Guinea-Bissau.
    • Consider partnerships with local businesses for effective market penetration.

Key Contacts

Importing goods into Guinea-Bissau involves several key steps. Here’s a detailed guide:

  1. Verify Import Regulations

    • Ensure your goods comply with Guinea-Bissau’s import regulations.
    • Check if your products require special permits or certifications.
  2. Classify Your Goods

    • Determine the correct tariff classification using the Harmonized System (HS) codes.
  3. Obtain Necessary Licenses

    • Apply for any required import licenses or permits for specific goods.
  4. Prepare Import Documentation

    • Necessary documents include commercial invoices, packing lists, and certificates of origin.
  5. Arrange Shipping and Logistics

    • Choose a reliable logistics provider experienced with imports to Guinea-Bissau.
    • Ensure proper packaging and labeling of goods.
  6. Customs Declaration

    • Submit a customs declaration to Guinean-Bissau customs authorities.
    • Pay any applicable duties and taxes.
  7. Customs Clearance

    • Work with a customs broker to facilitate clearance if needed.
    • Ensure compliance with all import requirements.
  8. Receive Goods

    • Coordinate with your logistics provider to receive and inspect goods upon arrival.

Key Contacts

Incorporating a company in Guinea-Bissau involves several steps. Here’s a comprehensive guide:

  1. Choose a Company Structure

    • Decide on the type of company (e.g., Limited Liability Company, Corporation).
  2. Register a Company Name

    • Ensure the name is unique and compliant with local regulations.
    • Reserve the name through the Commercial Registry.
  3. Draft Articles of Incorporation

    • Prepare the company’s founding documents, including details of shareholders and directors.
  4. Notarize Documents

    • Have the articles of incorporation notarized by a public notary in Guinea-Bissau.
  5. Submit to the Commercial Registry

    • File the notarized documents with the Commercial Registry.
    • Pay the registration fee.
  6. Obtain a Tax Identification Number (TIN)

    • Register with the Tax Authority to obtain a TIN.
  7. Register for Social Security

    • If you have employees, register with the National Institute of Social Security.
  8. Open a Bank Account

    • Open a corporate bank account in Guinea-Bissau to facilitate business transactions.
  9. Obtain Necessary Licenses

    • Apply for any industry-specific licenses or permits.

Costs

  • Registration Fees: Vary based on the company type and services required.
  • Notary Fees: Vary depending on the notary and complexity of documents.

Key Contacts

Setting up a manufacturing plant in Guinea-Bissau involves several key steps. Here’s a detailed guide:

  1. Conduct Market Research

    • Analyze local demand, industry trends, and competitors.
    • Evaluate supply chain and logistics options.
  2. Choose a Suitable Location

    • Identify industrial zones with necessary infrastructure.
    • Contact local municipalities for available sites.
  3. Understand Legal Requirements

    • Familiarize yourself with Guinea-Bissau’s regulations, including environmental and safety standards.
  4. Develop a Business Plan

    • Prepare a detailed proposal outlining investment, objectives, and operations.
    • Include financial projections and environmental impact assessments.
  5. Register the Business

    • Register your company with the Commercial Registry.
    • Obtain necessary licenses and permits for manufacturing.
  6. Secure Financing

    • Explore funding options through banks or investment agencies.
    • Consider government incentives for manufacturing.
  7. Design and Construct the Facility

    • Hire architects and contractors familiar with local regulations.
    • Ensure compliance with building codes and safety standards.
  8. Install Equipment and Machinery

    • Import necessary machinery, ensuring compliance with local regulations.
    • Coordinate with customs for smooth importation.
  9. Obtain Necessary Permits and Licenses

    • Apply for industry-specific licenses and permits.
    • Ensure compliance with health and safety regulations.
  10. Recruit and Train Staff

    • Hire local talent and provide necessary training.
    • Work with employment agencies for assistance.
  11. Begin Operations

    • Ensure all systems are in place and test the production line.
    • Implement quality control measures.

Key Contacts

Registering a trademark in Guinea-Bissau involves several steps. Here’s a comprehensive guide:

  1. Conduct a Trademark Search

    • Ensure your trademark is unique and not already registered.
    • Use the database of the Guinea-Bissau Industrial Property Office.
  2. Prepare Your Application

    • Include details such as the trademark design, classification of goods/services, and applicant information.
  3. Submit Your Application

    • File the application with the Guinea-Bissau Industrial Property Office.
    • Applications can be submitted in person or via mail.
  4. Pay the Application Fee

    • Fees vary; contact the office for the latest costs.
  5. Examination Process

    • The office reviews the application for compliance and potential conflicts.
    • Respond promptly to any objections or requests for additional information.
  6. Publication and Opposition

    • If approved, the trademark is published for opposition. There is a period for third parties to challenge the registration.
  7. Registration and Certification

    • If no oppositions arise, the trademark is registered. You will receive a certificate of registration.
  8. Maintain and Renew the Trademark

    • Trademarks are valid for 10 years and can be renewed. Submit renewal applications before expiry to maintain protection.

Costs

  • Application Fees: Contact the Guinea-Bissau Industrial Property Office for specific costs.
  • Legal Fees: If using an attorney, costs will vary based on services.

Key Contacts

Resolving commercial disputes in Guinea-Bissau involves several key steps. Here’s a guide on the process:

  1. Attempt Negotiation

    • Begin by negotiating directly with the other party to find an amicable solution.
  2. Mediation

    • Engage a mediator to facilitate discussions.
    • Mediation is often quicker and less formal than court proceedings.
  3. Arbitration

    • Consider arbitration for a private and binding resolution.
    • Provides a structured approach with enforceable decisions.
  4. Seek Legal Advice

    • Consult with a lawyer specializing in commercial law for guidance on your case.
  5. File a Lawsuit

    • If other methods fail, file a lawsuit in the appropriate commercial court.
    • Prepare necessary documentation and evidence.
  6. Court Proceedings

    • Attend hearings and present your case.
    • Follow the legal procedures as guided by your attorney.
  7. Judgment and Enforcement

    • If a judgment is made, ensure its enforcement through legal channels.

Costs

  • Mediation and Arbitration Fees: Vary depending on the service provider.
  • Court Filing Fees: Depend on the jurisdiction and case type; consult local courts.
  • Legal Fees: Vary based on the lawyer and complexity of the case.

Key Contacts

When considering doing business in Guinea-Bissau, various social, cultural, political, and economic factors must be taken into account.

Social and Cultural Factors

  • Language: Portuguese is the official language. Creole is widely spoken.
  • Business Etiquette: Building personal relationships is important. Meetings may start with informal conversation.

Political Factors

  • Government Structure: Semi-presidential republic with a history of political instability.
  • Regulatory Environment: Developing, with ongoing efforts to improve business regulations.

Economic Factors

  • Economy: Agriculture-based, with cashew nuts being a major export. Opportunities exist in agriculture and natural resources.
  • Infrastructure: Limited, with ongoing development needed in transportation and utilities.

Foreign Exchange

  • Currency: West African CFA franc (XOF).
  • Exchange Rate: Part of the CFA Franc Zone, offering some stability. Monitor for regional economic changes.

Rule of Law

  • Legal Framework: Evolving, with efforts to strengthen legal institutions.
  • Judiciary: Challenges with efficiency and enforcement; ongoing reforms to improve transparency.

Business Environment

  • Workforce: Predominantly engaged in agriculture; skills development is a focus for economic growth.
  • Investment Climate: Opportunities in agriculture, fisheries, and mining. Incentives available for foreign investors.

Key Resources

Our Members Include Leading Organizations in Guinea-Bissau

Ask our Experts on Doing Business in/with Guinea-Bissau

If you’re looking to do business or invest in Guinea-Bissau, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.