Investment framework and opportunities in Burkina Faso
Procedures Relative to Foreign Investment
- Freedom of Establishment
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Under the investment code, all personal and legal entities lawfully established in Burkina Faso, both local and foreign.
- Acquisition of Holdings
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Most of the sectors are fully open to foreign capital participation. In fact, the Burkinabe investment code prohibits discrimination against foreign investors. However, there are some restrictions: for example the state automatically owns 10% of the shares of all companies active in the mining sector and is entitled to appoint one member of the board of directors for such companies. Furthermore, the law requires companies providing mobile or wireless communication services to have at least one domestic shareholder. Other additional strategic sectors have a monopolistic market structures (in particular the oil and gas sector, the electricity transmission and distribution sectors, and the fixed-line telephony sector)
- Obligation to Declare
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Foreign companies who want to establish a business in Burkina Faso have to follow the same procedure as local ones.
- Competent Organisation For the Declaration
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Chamber of Commerce business registration
- Requests For Specific Authorisations
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Foreigners are guaranteed an equal treatment and are entitled to the following rights: fixed property; forest and industrial rights; concessions; administrative authorizations; access to permits; and participation in state contracts. There is no specific authorizations required.
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Latest Update: November 2024
Burkina Faso: Investing in Burkina Faso
