Equatorial Guinea

Country: Equatorial Guinea
Region: Africa
Currency: Central African CFA franc (XAF) (FCFA)
Languages: Spanish, French, Portuguese
Time Zone: UTC +1

Communications: OK

Formation Cost: 500 - 800 USD$
Formation Time: 70 - 130 days
Maintenance cost: 150 - 350 USD$

Executive Summary: Equatorial Guinea is located in Central Africa bordering the Atlantic coast between Cameroon and Gabon. In 2014 the population is an estimated 720,000. The official languages are Spanish and French. The discovery and exploitation of large oil and gas reserves have contributed to dramatic economic growth, although fluctuating oil prices have curtailed growth in recent years and the economy contracted by an estimated 1.3% in 2013. The government is keen to encourage foreign investment, particularly from the United States, and efforts to diversify the economy have been concentrated on five economic sectors, including agriculture, fishing, mining and petrochemicals, tourism and financial services. Customs and tax incentives are provided to companies operating in certain industries and taxpayers located in some coastal areas.

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Vehicle Types: Limited companies, public limited companies, branches, sole proprietorships, general partnerships and limited partnerships

Capital primary business districts: Malabob, Bata

Good Relationships: South Africa

Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Heavy

Tax Burden - Individual: Moderate

Headline tax rates: CIT 35%, PIT 10%-35% (non-residents 10%), VAT 15%

Treaty Jurisdictions: None

TIEA Jurisdictions: None

Information Links:

• Equatorial Guinea Tax-News
• Equatorial Guinea Treaty Updates