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

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

The genesis of the www.businessprocedures.bf platform dates back to about ten years ago, when, as part of a regional project to promote the business climate in the WAEMU space, Burkina Faso received support from 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 the Maison de l’entreprise du Burkina Faso 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 transparent the administrative procedures related to private investment in Burkina Faso.

Participants of the platform launch ceremony

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

With this new platform, you can find online standards and procedures related to the administrative formalities of companies and investments in Burkina Faso. These include: business formalities, building deed formalities, employee declaration and payment of social insurance contributions, tax payment (IUTS, Patente, TPA, IS, IBNS, IBICA), e-syntax membership and much more. A total of 35 procedures from 20 structures have been updated and are available on the platform.

Ahmed Racine Yago, Chief of Staff of the Minister of Trade, emphasized that this platform is part of improving the business climate in Burkina Faso.

“The launch of this platform is part of the dynamics of improving the business climate, which the government has been engaged in for several years through legal and institutional reforms. In this regard, I call to involve all subjects interested in its popularization among investors to take ownership of it. For my part, I am convinced that this platform will answer the many questions that investors often ask when they want to invest in our country,” said Ahmed Rasin Yago, director of the office representing the Minister of Industry, Trade, Handicrafts and Small Business Development. and medium enterprises.

Karim Ouattara, CEO of the Maison de l’entreprise du Burkina Faso, welcomes the update of the platform, which is useful for the private sector

The CEO of the Maison de l’entreprise du Burkina Faso, Karim Ouattara, speaking on behalf of the private sector, welcomed the update of the platform, which he believes is beneficial for the private sector. “We are happy because this is a platform that will provide more information and transparency regarding specific procedures related to business creation. It details the steps so that businessmen and women, whether national or international, know what steps to take to set up their business. I thank the implementation partners, state structures, in particular the Ministry of Justice, the Social Insurance Fund, the tax office and all others who participated in the implementation of this platform. We, the private sector, are very happy,” said Mr. Ouattara.

The www.businessprocedures.bf platform aims to be convenient and easy to use for finding useful information about the procedures for obtaining business licenses.

Justin Boncungu

Lefaso.net

Photo: Bonaventura Pare