Guinea-Bissau Culture of Business

By | July 24, 2022

Subchapters:

  • Introduction
  • Addressing
  • Business Meeting
  • Communication
  • Recommendations
  • Public holidays

Introduction

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Addressing

How to reach business partners?

Business meeting

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Communication

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Recommendation

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Public Holidays

January 1 New Year Jan 20 Heroes’ Day March 8 International Women’s Day May 1 May 13 (end of Ramadan) July 20 Tabaski August 3 Pidjiguiti Day September 24 November 14 Movement Adjustment Day December 25 Christmas Day

Payment terms, payment ethics and resolution of commercial disputes

In relation to Czech companies, ZÚ Akkra did not record a commercial case. a dispute that would have to be resolved by a third party (court). There is a specialized Commercial Court in the country, however, priority should be given to out-of-court negotiations/settlement or negotiation, if possible. cases outside Guinea-Bissau. The Guinea-Bissau market has long been oriented towards on price. The low purchasing power of the vast majority of the population pushes import prices to a minimum. Importers are looking for the cheapest purchase options, often at the expense of quality, a significant part of imports is used products. The customer prefers a lower technical level to technical innovations. More information on Doing Business – Guinea Bissau (p. 43 onwards). The Czech exporter must take into account that the delivered machines can work in a humid environment or, on the contrary, in extreme dryness, in temperatures around 35o C, during fluctuations and power outages. For example, supplies of machines with electronic control, without adjustment for a tropical climate, are risky. The situation is complicated by political instability, low qualification of the workforce and outdated infrastructure. Guinea-Bissau is a politically and therefore economically risky destination (investments are basically uninsurable, claims unenforceable). Government guarantees are provided, but they do not guarantee actual payments (the risk of non-compliance with concluded contracts exists). Corruption, flexibility in the interpretation of laws, poor infrastructure, underdeveloped banking services, and limited communication possibilities must be reckoned with. The economy is based on direct payments (cash-based economy), credit cards are generally not accepted (except for selected locations in the capital city).

Visas, fees, specific conditions for traveling to the territory

A visa can be obtained for approximately USD 60 at the Guiney-Bissau Office in Brussels (theoretically, they are also issued at the international airport in the capital, not at land borders).

Embassy of the Republic of Guinea-Bissau Boulevard Brand Withlock 114 1200 Bruxelles, Belgium Phone: (+32) 2 733 2206 Fax: (+32) 2 742 0551 Email: [email protected]

Employment of citizens from the Czech Republic

The government allows the employment of expatriates in leadership positions or where locals with specific skills are not available. Work permits for Czech citizens are issued by the immigration department.

Fairs and events

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Public procurement market

In 2012, Guinea-Bissau adopted a new public procurement law that implemented the relevant directives. Its scope covers contracts signed by: the state, local authorities, public institutions, public organizations and associations that receive financial support or guarantees from the state, state-owned enterprises, companies in which the state has a majority stake, and private legal entities acting on behalf of above-mentioned authorities or receive financial support or guarantees from the state. Entities that have been granted special or exclusive rights to provide a public service must also comply with the provisions of the Code. Guinea-Bissau has a National Government Procurement Agency (formerly called the Central Government Procurement Department) under the supervision of the Ministry of Trade, which centralizes public procurement on behalf of government contractors. Statistics on public procurement during the review period are not available. The contract limit is CFAF 5,000,000 (approx. USD 9,000) for the supply of goods or services, and CFAF 10 million (approx. USD 18,000) for the supply of works. The Code stipulates that open calls for tenders (with or without preselection) are a condition. In exceptional cases, the contracting authority may conduct a limited competition or enter into a direct contract (negotiation). Below these thresholds, the contracting authority may request quotations, provided that the subsequent procedures are in accordance with the principles set out in the Code. Contracts for intellectual services are awarded after consultation and submission of proposals. Invitations to tender and pre-selection notices must be forwarded to the WAEMU Commission for publication within 12 working days of receipt. After this deadline, the announcement must also be published in the Official Gazette (Boletim Oficial), in a national newspaper and/or an international publication. Publishing in electronic format in accordance with the community model is also permitted. Only announcements in one of WAEMU’s official languages ​​are accepted. Depending on the nature of the contract, applicants must post a guarantee in the amount of 1% to 3% of the estimated contract amount. The person who concluded the contract must submit a performance guarantee, but the amount must not exceed 5% of the basic amount of the contract. In accordance with WAEMU provisions, bids from community firms will receive a preferential margin of 15% of the bid amount and this must be stated in the invitation to bid. For contracts with a municipal authority or public institution, for bids that assume subcontracting of at least 30% of the total amount from local companies, it is possible to obtain an additional preferential margin of at least 5%, cumulative with a 15% margin. According to the authorities, Guinea-Bissau has not yet applied provisions on preferential margins in public procurement. Visit Allunitconverters for more information about Guinea-Bissau culture and traditions.

Guinea-Bissau Culture of Business