Invest in Burkina: www.businessprocedures.bf, a new business promotion platform

This Wednesday, July 6, 2022, the official launch of the new platform www.businessprocedures.bf took place in Ouagadougou. An updated platform created by the Government of Burkina Faso in collaboration with its technical and financial partners, the Netherlands and the United Nations Conference on Trade and Development (UNCTAD).

The emergence of the www.businessprocedures.bf platform dates back about ten years, when, within the framework of a regional project to improve the business climate in the UEMOA area, Burkina Faso enjoyed the support of the United Nations Conference on Trade and Development (UNCTAD) from May 2011 to May 2013 for creation of an online information system called eRegulations Burkina Faso. eRegulations Burkina Faso is an online information service created by Burkina Faso Enterprise House with the support of UNCTAD to facilitate administrative procedures for entrepreneurs and investors. It is a tool that serves as an information guide for national and international investors and makes the administrative procedures related to private investment in Burkina Faso transparent.

Platform launch ceremony participants

Ten years later, it became necessary to update the platform. The Ministry of Commerce then requested and received support from UNCTAD to upgrade Burkina Faso’s e-Regulations system. This support enabled the creation of a project team responsible for updating procedures and a technical committee responsible for monitoring project implementation. After two years of work, the platform has finally been updated and is now called www.businessprocedures.bf

With this new platform, you can search the Internet for standards and procedures related to the administrative formalities of companies and investments in Burkina Faso. It includes: business formalities, construction documents, employee declaration and payment of social security contributions, payment of taxes (IUTS, Patente, TPA, IS, IBNS, IBICA), electronic syntax membership and more. In total, 35 procedures from 20 structures have been updated and available on the platform.

Ahmed Racine Yago, Chief of Staff to the Minister in charge of Trade, stressed that the platform is part of the improvement of the business climate in Burkina Faso.

“The launch of this platform is part of a momentum to improve the business climate that the government has been engaged in for several years through legal and institutional reforms. In this regard, I call for the participation of all interested parties to popularize it among investors so that they take it upon themselves. For my part, I remain convinced that this platform will answer many of the questions that investors often ask when they want to invest in our country,” said Ahmed Rasin Yago, Cabinet Director representing the Minister of Industrial Development, Trade, Crafts and small businesses. and medium enterprises.

Karim Ouattara, CEO of Maison de l’Entreprise du Burkina Faso, welcomes platform upgrade that benefits the private sector

Maison de l’entreprise du Burkina Faso CEO Karim Ouattara, speaking on behalf of the private sector, welcomed the platform upgrade, which he believes is beneficial to the private sector. “We are pleased because this is a platform that will provide more information and transparency regarding the specific procedures involved in setting up a business. It details the steps, allowing businessmen and women, whether national or international, to know what steps to take to set up their business. I say thank you to the implementing partners, government agencies, in particular the Ministry of Justice, the National Social Insurance Fund, the tax authorities and all others who contributed to the implementation of this platform. We, the private sector, are very happy,” Mr. Ouattara suggested.

The www.businessprocedures.bf platform is designed to be user-friendly and easy to use for finding useful information about business license procedures.

Justine Bonkungu

Lefaso.net

Photo: Bonaventure Pare