Discusses the legal requirements/options for joint venture/licensing in this market.
Last Published: 7/2/2019

Joint ventures with local Guinean companies follow the same procedures as outlined above in the Establishing an Office section. Joint ventures with the government are managed by the Office of Public-Private Partnerships. As part of the 2011 Mining Code, the Guinean government is accorded an automatic 15 percent share in all major mining projects in Guinea (the government decides when an operation has become large enough to qualify), with the option to purchase up to an additional 20 percent.  Most U.S. investors set up Guinean subsidiaries to conduct business.  Hiring local experts and consultants is seen as the norm.  Many larger firms secure individual tax arrangements with the government that exempt them from some taxes.
 

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