Burkina Faso: Operating a Business

Setting Up a Company

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

The Competent Organisation: Ministry of Commerce and Industry
Chamber of Commerce and Industry

Setting Up a Company	Burkina Faso	Sub-Saharan Africa
Procedures (number)	3.0	7.5
Time (days)	13.0	21.3

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Burkina Faso.

	2018	2019	2020
Labour Force	7,234,180	7,472,712	7,602,668

Source: International Labour Organization, ILOSTAT database

Source: International Labour Organization, ILOSTAT database

Legal Weekly Duration: Article 137 of the Labor Code sets the maximum working time to 40 hours a week.
Retirement Age: The retirement age is 56 (blue-collar workers), 58 (white-collar workers), 60 (managers), or 63 (doctors and teachers in private higher education), with at least 180 months of coverage.
Working Contracts: According to article 29 of the Labor Code, working contracts can be either verbal or in writing.
Internship and apprenticeship contracts must be in written.
Labour Laws: Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Minimum Wage: XOF 34,664 (ILO, 2021).
Average Wage: XOF 331,000
Social Contributions: Social Security Contributions Paid By Employers: 16% of covered earnings
Social Security Contributions Paid By Employees: 5.5% of covered earnings

Social Dialogue and Involvement of Social Partners: Workers in Burkina Faso have the right to constitute trade unions, to strike and to bargain collectively. Each worker can adhere to a certain union, provided he is part of the profession represented by the union.
Unions can sign collective agreements (art. 107 of the Labor Code), which have to be written. The constitutions also guarantees the right to strike. However, before going on strike workers and employers must try a conciliation or an arbitration.
Labour Unions: General Confederation of Burkina Faso (CGT-B - Confédération générale du travail du Burkina)
Unionisation Rate: Between 15% and 20%
Labour Regulation Bodies: Ministry of Labour

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