How To Start A Business in Equatorial Guinea

How to Start a Business in Equatorial Guinea - Step by Step Procedures

Equatorial Guinea offers promising opportunities in sectors such as oil & gas, construction, agriculture, and tourism. Business registration is regulated by the Ministry of Commerce and Business Promotion, with foreign investment oversight by the National Investment Promotion Agency (ANIP).

Step-by-Step Procedure for Local Entrepreneurs

1. Choose a Business Structure:
   Common forms include Sole Proprietorship, Limited Liability Company (SARL), and Public Limited Company (SA).
2. Reserve a Business Name:
   Reserve a unique business name through the Ministry of Commerce.
   Estimated Time: 1–2 working days
3. Prepare the Articles of Association:
   Draft the company’s Articles of Association with legal assistance.
4. Notarize Company Documents:
   Legalize the Articles and identity documents at a public notary.
5. Register the Business:
   Submit all documents to the Ministry of Commerce and Business Promotion.
   Estimated Fees: XAF 100,000–300,000 depending on the business type
6. Obtain Tax Identification Number (NIF):
   Register with the General Directorate of Taxes for a NIF number.
7. Register for Social Security:
   If hiring employees, register with the National Institute of Social Security (INSESO).

Additional Steps for Foreign Investors

1. Register Investment with ANIP:
   Foreign investors must declare their project with the National Investment Promotion Agency (ANIP).
2. Obtain Investment Authorization:
   Secure an investment certificate if investing in strategic sectors.
3. Apply for Business and Work Permits:
   Foreign directors and staff must apply for permits through the Ministry of Labor and the Ministry of Interior.
4. Open a Bank Account:
   Open a business account with a local or international bank operating in Equatorial Guinea.

Useful Resources

• ANIP – National Investment Promotion Agency
• Ministry of Commerce and Business Promotion
• Official Government Portal