Burkina Faso Cracks Down on Foreign-Based HQs, Gives Big Companies 36 Months to Build Headquarters Locally

Burkina Faso’s transitional government, led by President Captain Ibrahim Traoré, has adopted a decree requiring major companies operating in the country to construct their headquarters locally.

The decision was approved at a Council of Ministers meeting in Ouagadougou, as part of what officials described as a push for “economic sovereignty.”

Announcing the measure, Finance Minister Aboubacar Nacanabo said the goal is to “put an end to the practice of companies maintaining their headquarters abroad while generating profits in Burkina Faso.”

The policy targets firms with an average annual turnover of at least 5 billion CFA francs (≈$8.8 million) over the past three years.

Companies earning 100 billion CFA francs (≈$176 million) or more annually must build headquarters of at least R+7, including underground and surface parking, and comply with modern energy standards. Other qualifying firms face scaled but mandatory requirements.

Affected companies have six months to submit plans and 36 months to complete construction.

Officials say the move will “accelerate urban development,” “create jobs,” and boost tax revenue while strengthening national control over economic infrastructure.

Related video

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.