With the opening of the Guinea-Bissau market in recent years, combined with the Guinea-Bissau government's preferential policies for foreign corporate investment, an increasing number of people are pursuing investment immigration to Guinea-Bissau. However, as the political situation in Guinea-Bissau has only stabilized in recent years, there remain numerous investment risks and challenges. Therefore, those of us engaging in investment immigration to Bissau must be thoroughly prepared.
During the process of conducting investments, trade, contracting projects, and labor cooperation in Guinea-Bissau, special attention must be paid to prior investigation, analysis, and assessment of relevant risks. It is essential to implement risk avoidance and management during operations to effectively protect your interests. This includes credit investigations and assessments of projects or trading clients and related parties, analysis and avoidance of political and commercial risks in the country where the investment or project is located, and feasibility analysis of the project implementation itself. We recommend that relevant enterprises actively utilize services from insurance, guarantee, and banking financial institutions, as well as other professional risk management organizations, to protect their interests. This encompasses trade, investment, project contracting, and labor credit insurance, property insurance, personal safety insurance, bank factoring and forfaiting services, and various types of guarantees (government guarantees, commercial guarantees, letters of guarantee).
If risk losses occur without effective risk avoidance measures in place, you should promptly seek recovery of losses through internal or external channels based on the extent of the damage. For business covered by credit insurance agencies, the agencies will determine the loss, verify the claim, and compensate for the risk loss, while relevant organizations will assist the credit insurance agencies in the recovery process.
Although investment immigration risks in Guinea-Bissau are inevitable, by making the sufficient preparations mentioned above, we can significantly reduce our investment risks.
