Guinea: Investing

FDI in Figures

Due to the socio-political problems that affected the country, the FDIs inflows in Guinea contracted in 2009, but after that, they regained their upward trend.

Corruption, corroded infrastructures, political instability, problems with the electrical energy supply and the lack of skilled manpower limit the potential attractiveness of the country. The government is trying to provide better development opportunities to the private sector considering that the country has a rich natural potential.

The mining sector attracts most of the foreign investment. The main investing countries are China, France and Russia.

Country Comparison For the Protection of Investors

	Guinea	Sub-Saharan Africa	الولايات المتحدة	Germany
Index of Transaction Transparency*	6.0	4.8	7.0	5.0
Index of Manager’s Responsibility**	1.0	3.4	9.0	5.0
Index of Shareholders’ Power***	1.0	5.0	9.0	5.0
Index of Investor Protection****	2.7	4.4	8.3	5.0

Source: Doing Business - Last Available Data.

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.

Foreign Direct Investment	2008	2009	2010
FDI Inward Flow (million USD)	382	141	303
FDI Stock (million USD)	1,473.5	1,614.3	1,917.2
Performance Index*, Ranking on 141 Economies	34	59	-
Potential Index**, Ranking on 141 Economies	136	-	-
Number of Greenfield Investments***	-	2.0	-
FDI Inwards (in % of GFCF****)	54.2	4.0	-
FDI Stock (in % of GDP)	29.6	33.4	-

Source: UNCTAD - Last Available Data

Note: * The UNCTAD Inward FDI Performance Index is Based on a Ratio of the Country's Share in Global FDI Inflows and its Share in Global GDP. ** The UNCTAD Inward FDI Potential Index is Based on 12 Economic and Structural Variables Such as GDP, Foreign Trade, FDI, Infrastructures, Energy Use, R&D, Education, Country Risk. *** Green Field Investments Are a Form of Foreign Direct Investment Where a Parent Company Starts a New Venture in a Foreign Country By Constructing New Operational Facilities From the Ground Up. **** Gross Fixed Capital Formation (GFCF) Measures the Value of Additions to Fixed Assets Purchased By Business, Government and Households Less Disposals of Fixed Assets Sold Off or Scrapped.

Tax Rates

VAT: 18%
Company Tax: 35%
Withholding Taxes: Dividends: 15%, Interests: 15%, Royalties: 10%.
Bilateral Agreement: Guinea and Egypt are not bound by a Double Taxation Agreement.
Social Security Contributions Paid By Employers: 18%

Country Comparison For Corporate Taxation

	Guinea	Sub-Saharan Africa	الولايات المتحدة	Germany
Number of Payments of Taxes per Year	56.0	37.3	11.0	16.0
Time Taken For Administrative Formalities (Hours)	416.0	315.1	187.0	215.0
Total Share of Taxes (% of Profit)	54.6	68.0	46.8	48.2

Source: Doing Business - Last Available Data.

Investment Opportunities

Tenders, Projects and Public Procurement: Tradeinvest Africa, Tenders in Africa
African Tenders
DgMarket, Tenders Worldwide
Setting Up a Company: Consult Doing Business Website, to know about procedures to start a Business in Guinea.
Useful Resources: Office for the Promotion of Private Investment (OPIP)
Economic Developments and Prospects in Guinea - African Economic Outlook
Egyptian Embassy in Guinea
2 COLEAH CORNICHE SUD
389 CONAKRY
Phone: (+224) 30468508
Fax: (+224) 30468507
Contact the Embassy via Email.

Business Setup Procedures

Setting Up a Company	Guinea	Sub-Saharan Africa
Procedures (number)	13.00	8.90
Time (days)	41.00	45.20

Source: Doing Business.

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