Doing Business Reform
Guinea holds significant water, agriculture, mining, forestry, fishery and wildlife resources that naturally predispose the country to a prosperous economic future.
The enhancement of this exceptional concentration of natural resources requires the establishment of a political, economic and social climate favorable to the promotion of private investment. The Government of Guinea, for five years now, has undertaken several reforms that allowed a constant evolution of the country in the Doing Business ranking of the World Bank. Thus, Guinea has made performances that have improved its ranking by 10 points between 2013 and 2015, ranking the country 169th out of 189 countries evaluated.
To date, significant progress has been made in the following areas:

1. Simplifying company creation procedure within 72 hours or less and the reduction of the minimum capital for LLCs to GNF 100,000.
2. Facilitating property transfers by reducing taxes on property transfers and notary fees.
3. Reducing administrative procedures for housing and construction

 
Guinea continues to accelerate the pace of reforms and reform programs by:

1. Strengthening a credible, effective, and transverse system to facilitate investment;
2. Making investment policy attractive;
3. Ensuring a stable political and judicial climate;
4. Instating Public Private Dialogue aimed at conciliating public and private sectors in order to create a framework for exchange to obtain satisfactory solutions.