Guinea Conakry
Corporate Guide

Can a company be wholly owned by foreigners in Guinea Conakry?

According to Article 8 of the Law L/2015/008/AN of 25 May 2015, of the Investment Code of the Republic of Guinea (Investment Law), subject to the provisions of Article 6¹, foreign private investors can freely own up to 100% of the equity or company shares they intend to create in Guinea. However, this does not apply to all companies as Article 6 of the Investment Law restricts foreign ownership of companies involved in the publication of newspapers and broadcasting to a maximum of 40% of shares.

Investments made in each of the sectors covered by the provisions of the Investment Law are made freely.

Additionally, the local content regulation in Guinea requires that certain sectors prioritise local ownership and participation. This regulation aims to ensure that Guinean nationals and companies benefit from foreign investments and that there is a transfer of skills and technology to the local workforce. Foreign companies may be required to form joint ventures with local partners or to meet specific employment and training quotas for Guinean nationals to comply with local content requirements.

Footnotes

1: Article 6: Sectors of activities reserved Natural or legal persons of foreign nationality may not  hold, directly or through Guinean law firms, over 40% of shares of companies engaged in Guinea in the following activities:

• The publication of newspapers or periodicals of general or political information
• The broadcasting of television or radio programmes

Effective management of the aforementioned businesses must be held by private persons of Guinean nationalities residing in Guinea.