Guinea Geography, History, and Economy

Guinea is a West African country located on the Atlantic coast of the continent. The country was colonized by the French but gained independence in 1958. Guinea’s political climate is volatile and results in many conflicts with Liberia and Sierra Leone, causing a flood of refugees from the area. Three of the major rivers in West Africa have their source in Guinea, creating an important natural resource for the country. Although the country mainly depends on agriculture, Guinea is also rich in minerals such as gold, iron, and diamonds. In addition, it has the world’s largest reserves of bauxite. Guinea’s substantial mineral wealth would indicate it would be one of the richest countries in Africa, but unfortunately, it is one of the poorest. Guinea has a thriving and rich culture and is diverse with many ethnic groups with different traditions and native languages, such as French, Susu Fulani, and Mandingo.

Public Holidays

2021
April 3	Second Republic Day
April 5	Easter Monday
May 1	Labour Day
May 8	Lailat al-Qadr
May 13	Eid al-Fitr
May 25	Africa Day
July 20	Eid al-Adha
August 15	Assumption of Mary
October 2	Independence Day
October 19	The Prophet’s Birthday
December 25	Christmas Day

Legal Entity Types

Limited Liability
Corporation
Partnership

Taxation

Corporate Tax: N/A
Income Tax (Lowest Marginal Rate): N/A
Income Tax (Highest Marginal Rate): N/A
VAT/GST/Sales Tax: N/A

Available Banks

First Bank of Nigeria – Formerly International Commercial Bank (ICB)
Banque Islamique de Guinée (BIG)
Banque Internationale pour le Commerce et l’Industrie de Guinée (BICIGUI)
Société générale de banques en Guinée (SGBG)
Banque Populaire Maroco-Guinéenne (BPMG)
Ecobank Guinée (EBG)
Skye Bank Guinée (SBG)[3]
Banque Sahélo-Saharienne pour l’Investissement et le Commerce (BSIC)
Banque Africaine de Development Agricole et Minier (BADAM)
Orabank Guinée (ORANBANK)
NSIA Banque Guinée (NSIA Banque)
Banque pour le Commerce et l’Industrie Guinée (BCI)
FIBank Guinée (FIBANK)
UBA Guinée (UBA)
Banque de Developpement de Guinée (BDG)

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