A COUNTRY WITH A SUSTAINED MACROECONOMY
The Republic of Guinea is fortunate to enjoy a stable political context. Indeed, the new parliament and the new constitution strengthen this democracy. In order to continue in the consolidation of this democratic anchoring, the State continues to carry out reforms within the institutions. Macroeconomic stability translates into a stable currency, sustained inflation and a controlled budget deficit. All these indicators are controlled to allow economic growth.
AN INCENTIVE LEGAL AND FISCAL FRAMEWORK
Structural reforms contribute to a clear improvement of the legal and institutional framework, thus promoting private investment in the Republic of Guinea. Security, support for investors and competitiveness are at the heart of the policy advocated by the Transition government:
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Free access to real estate ownership and concessions;
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Freedom to own up to 100% of a company's shares;
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Freedom to transfer profits abroad after taxes and dividends;
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Protection against any measure of nationalization and expropriation of companies, except for reasons of public utility after fair prior compensation;
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Customs exemptions for the import of equipment, raw materials and inputs for up to 10 years.
MAJOR INVESTMENTS IN BASIC INFRASTRUCTURES BY THE STATE
Guinea has modernized by developing its basic infrastructure. This significant progress has materialized through massive State investment in priority sectors such as energy, mining, transport, ICT and hospitality.
ATTRACTIVE BUSINESS CLIMATE
The Republic of Guinea is launched in a good dynamic of improvement of the business climate, important measures taken have allowed many national and foreign private investments; with the key advantages and guarantees offered. It is now easier to settle and start a business in Guinea.
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Create a business in 72 hours;
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Obtain a building permit in 28 days;
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Create an LLC with open share capital;
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Benefit from the services of the Commercial Court;
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Obtain legal certainty for investments.
GROWING AGRICULTURAL AND ENERGY POWER
Recognized as “the water tower of West Africa”, its hydroelectric production potential of 6,000 MW makes Guinea the future regional energy hub. With a marked hydrographic advantage and only 25% of the arable land currently in production, the opportunities in agriculture, forestry, livestock and fishing are immense. All the natural conditions are met for a diversified and intensive agricultural production:
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13 million hectares of arable land;
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364,000 hectares of cultivated land;
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1,165 waterways;
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6,250 km of river network;
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23 watersheds.
UNRIVALED MINING POTENTIAL
The Republic of Guinea benefits from several advantages which predispose it to a radiant economic development. Indeed, the country contains the largest reserve of bauxite in the world estimated at more than 40 billion tons (2nd largest exporter) and iron ore estimated at more than 20 billion tons, with a content greater than 60%.
The Guinean subsoil is full of other precious minerals such as gold, diamonds, base minerals and other development minerals.
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Construction of mining ports on the northwest coast;
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Construction of aluminum refinery in progress.
EASY ACCESS TO REGIONAL AND INTERNATIONAL MARKETS
Guinea is a gateway to West Africa and borders with the Republics of Senegal, Guinea Bissau, Mali, Sierra Leone, Liberia and Côte d'Ivoire. It thus gives all investors the possibility of reaching a market of 64 million consumers.
Member of the Economic Community of West African States (ECOWAS), a regional organization of 15 countries to promote economic integration in growth sectors such as industry, mining, agriculture, transport, energy and trade, etc. This market is estimated at more than 350 million consumers.
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Benefit from preferential access to the American market (AGOA):
This measure makes it possible to export consumer goods of local origin without quotas and free of customs duties at reduced rates. -
Benefit from fast and quality transport:
Guinea is less than 6 hours from Europe and 7 hours from the United States, by plane. The Port of Conakry offers quality logistics services.
