Starting a business in Burkina Faso

Legal Forms of Companies

Limited Liability Company (LLC/SARL)

Number of partners: Minimum one shareholder and one director, of any nationality
Capital (max/min): XOF 1,000,000
Shareholders and liability: Liability is limited to the assets of the company

Public Limited Company (SA)

Number of partners: Minimum one shareholder and three directors, of any nationality
Capital (max/min): XOF 10,000,000
Shareholders and liability: Liability is limited to the assets of the company

Société en Commandite Simple

Number of partners: Minimum one with limited liability and one with unlimited liability
Capital (max/min): No minimum capital required.
Shareholders and liability: Sleeping partners who do not participate in management have limited liability. However, the liability of the general partners or managing partners remains unlimited

Business Setup Procedures

Source: Doing Business - Latest available data.