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The country is under sanctions by the United Nation’s Security Council and/or the UK Government. Currently B2B Hub is not providing legal and financial services for the present country.

Guinea-Bissau

Legal form:

G-B, GBS

Delivery:

3 months

Price: $

4000

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Guinea-Bissau

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Guinea-Bissau

Capital
Official languages
Population 
Currency

ISO 4217

Bissau

Portuguese and Crioulo

1,976,998 (as of July 2020)

Guinea-Bissauan CFA Franc

XOF

FAQ

Q: What is the process for forming a company in Guinea-Bissau?

A: The process for forming a company in Guinea-Bissau involves submitting an application to the Ministry of Justice, obtaining a business license, registering for applicable taxes, and publishing the company's articles of association in the Official Gazette.


Q: What are the different types of companies I can form in Guinea-Bissau?

A: The most common types of companies in Guinea-Bissau are the limited liability company (LLC) and the public limited company (PLC).


Q: What is a limited liability company (LLC)?

A: An LLC is a type of company where the liability of the members is limited to their investment in the company.


Q: What is a public limited company (PLC)?

A: A PLC is a type of company that can offer shares to the public and is subject to stricter regulations and reporting requirements.


Q: What are the minimum requirements for company formation in Guinea-Bissau?

A: The minimum requirements for company formation in Guinea-Bissau include having at least two shareholders, a registered office address, and a minimum share capital of XOF 1,000,000 (approximately USD 1,800).


Q: How long does it take to form a company in Guinea-Bissau?

A: The time it takes to form a company in Guinea-Bissau can vary, but typically takes around 2-4 weeks.


Q: What are the tax implications of forming a company in Guinea-Bissau?

A: Companies in Guinea-Bissau are subject to a corporate tax rate of 25%. There are also additional taxes and fees that may apply, depending on the type of business and the location.


Q: What are the ongoing compliance requirements for companies in Guinea-Bissau?

A: Companies in Guinea-Bissau are subject to ongoing compliance requirements, including filing annual tax returns, maintaining proper accounting records, and complying with labor laws and regulations. It is important to work with a qualified professional to ensure that you remain compliant with all applicable laws and regulations.

Economy

Taxation

Taxation in Guinea-Bissau is regulated by the Tax Code and the National Directorate of Taxes (DNI) of Guinea-Bissau.


Corporate Taxation:

Companies registered in Guinea-Bissau are subject to corporate income tax at a flat rate of 25% on their net taxable income. In addition to corporate tax, companies may also be subject to other taxes such as value-added tax (VAT), payroll tax, and municipal taxes.


Personal Taxation:

Individuals who are resident in Guinea-Bissau are subject to a progressive income tax system with tax rates ranging from 10% to 35% depending on their income level.


Tax Payment Process:

The tax year in Guinea-Bissau runs from 1st January to 31st December of the same year. Both individuals and corporations are required to file their tax returns annually, with the deadline for filing being in March of the following year.


Taxpayers can make their payments at any authorized bank or online through the DNI's website. In addition to income tax, taxpayers may also be subject to other taxes such as property tax, stamp tax, and customs duties.


It is important to note that tax evasion is a significant issue in Guinea-Bissau, and the government has been making efforts to improve tax compliance by implementing measures such as electronic tax payment systems, taxpayer education programs, and the creation of a tax court to handle tax disputes.


In summary, the tax system in Guinea-Bissau includes a flat corporate tax rate of 25% for companies and a progressive income tax system for individuals, with tax rates ranging from 10% to 35%. The tax year runs from January 1st to December 31st with the deadline for filing tax returns being in March of the following year. Taxpayers can make their payments at any authorized bank or online through the DNI's website.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

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PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

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