Economy Profile: Burundi - Doing Business

Doing Business 2013
Burundi
21
STARTING A BUSINESS
What are the details?
Underlying the indicators shown in this chapter for
Burundi is a set of specific procedures—the
bureaucratic and legal steps that an entrepreneur
must complete to incorporate and register a new
firm. These are identified by Doing Business
through collaboration with relevant local
professionals and the study of laws, regulations and
publicly available information on business entry in
that economy. Following is a detailed summary of
those procedures, along with the associated time
and cost. These procedures are those that apply to
a company matching the standard assumptions
(the “standardized company”) used by Doing
Business in collecting the data (see the section in
this chapter on what the indicators measure).
STANDARDIZED COMPANY
City: Bujumbura
Legal Form: Société à Responsabilité Limitée
(SARL) - Limited Liability Company
Paid in Minimum Capital Requirement: None
Start-up Capital: 10 times GNI per capita
Summary of procedures for starting a business in Burundi—and the time and cost
No.
Procedure
Submit all documents at the API and obtain registration certificate
and NIF
Time to
complete
Cost to complete
The following documents need to be submitted at API:
1
• Application form for the creation of a new company (includes name of
the company, type of company, address, initial capital, number of
partners and their names, contribution of each partner)
• Standard company statutes
• Application form for registration with the Greffe of the Tribunal de
Commerce
• Application form for registration with the OBR to obtain the NIF
• Photos of all partners
• Copy of identities of all partners
Applicant first deposits all these documents at the API and then pays
the registration fees of BIF 42,500 at the API (same person collecting
the documents also collect the fees). API provides the applicant with a
receipt that he needs to show as evidence of payment when picking up
the registration certificate.
4 days
BIF 42,500 for a LLC
performing general
commercial activities
A representative/agent for API takes all the files to the OBR where a
representative from the greffier also sits. First, greffier checks the
registration application and issue a registration certificate (a matter of
minutes). This certificate is then transmitted to the OBR representative
(they sit next to each other – 2 desks next to each other). OBR
representative checks the application and issues a NIF number.