BF_BRN (BF - Business Reg. Number)
| Property | Value |
|---|---|
| A technical identifier, unique in a certain context. Technical key | BF_BRN
|
| The country a linked concept is active or generally relevant for. Country scope | BF (Burkina Faso) |
| Language-specific name. Monolingual name | Business Registration Number (fr), Business Registration Number (en) |
| Language-specific short name. Monolingual short name | BF - Business Reg. Number (en) |
| Informal and comprehensive human-readable definition of a concept. Description | Burkina Faso is a landlocked country in West Africa. The Government of Burkina Faso (GOBF) wishes to attract more foreign direct investment (FDI) and has been implemented over the years, reforms to make Burkina Faso more impressive to international investors. GOBF revised its investment code in 2010, offering tax and exemptions from customs as well as from value added tax (VAT) on operational equipment. To further encourage business and investment, GOBF launched the Presidential Council for Investment, an advisory body in December 2008.
Scroll down for more information on Company Formation in Burkina Faso. - To simplify the registration process for companies wishing to establish a presence in Burkina Faso, the government launched eight enterprise registration centers called Centres de Formalités des Enterprises, known by their French acronym as CEFOREs. The CEFOREs are one-stop shops (OSS) for company registration. - The LLC is the form of the most common and easiest company. Its share capital must be at least 1,000,000 FCFA and be divided into shares of at least 5,000 FCFA. The partners are liable for the company debts only up to their capital contribution. The managers of the LLC may be partners or paid individuals not linked with the company. - If the foreign corporation to which it is attached is located outside of “Organization for the Harmonization of Business Law in Africa”, then the branch will be considered as temporary and should in the following two years lead to the creation of a lawful company in the host country or in one of the other Member States of OHADA. |
| Category of business identifiers. Identifier category | Identification Number |
Formal definition
No format rules.
Data quality rules
No data quality rules defined.