Guinea Conakry
Corporate Guide

Are there any post-incorporation requirements that need to be satisfied in Guinea Conakry? For example, registrations for tax purposes or business licences.

The tax registration of companies in Guinea is made during the commercial registration process. Thus, the only additional registration required from companies is the registration of social securities authorities (Caisse National de Securité Sociale).

Registration to the general social security regime managed by the National Social Security Fund (CNSS) is compulsory for:

• All workers subject to the Labour Act;
• Students in vocational schools, people placed in training centres, trainees; and
• Other categories of people, in the event of the creation of a special social security regime for certain sectors.

In accordance with Article 5 of the Social Security Law, an employer must apply for registration with the CNSS within eight days from registration or acquisition of the business or on the date of the first hiring of one or more workers.

Once registration is completed, the contribution procedure begins. The social security contribution is 23% (employer's contribution 18% and employee's contribution 5%) of the gross salary. The payment of the contribution is made either monthly when the staff of the company is more than 20 employees; or quarterly when the staff is less than 20 employees.

In addition to CNSS registration, companies are required to obtain licences to operate in Guinea. Please note that licences vary according to the sector in which each company operates.