Company registration in Benin

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year We provide a legal address for your company in this jurisdiction, eliminating the need to purchase or rent real estate
Support in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Total cost
Оn request Оn request Оn request
Accounting services
Оn request Оn request Оn request
Annual renewal (paid from the second year)
Оn request Оn request Оn request

Deal of the month

If you will register a company until 30th of June,
opening a bank account is for FREE

Start registration
Pricelist
6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The Republic of Benin is a small country in western Africa. The port of Cotonou promotes trade. In Porto Novo or any other city in Benin, establishing companies engaged in the cotton industry, energy, and construction is profitable. The country is actively developing telecommunications and agriculture, gradually raising the standard of living. Company registration in Benin is beneficial because the government actively attracts foreign investments: through various tax regimes and preferences.

Advantages of registering a company

  • availability of economic incentives;
  • strategic geographic location in West Africa;
  • economic and political stability;
  • favorable business climate;
  • availability of special economic zones.

Main forms of legal presence and doing business

  • individual entrepreneur (Statut de l'Entreprenant - SE);
  • Limited Liability Company (Société A Responsabilité Limitée - SARL);
  • joint stock company (Societe Anonyme - SA);
  • joint venture (Société de Projet - SP);
  • general partnership (Société en Nom Collectif - SNC);
  • civil companies (Sociétés Civiles - SC).

Most foreign investors prefer to open a company in Benin as a SARL.

Registration procedure

  • open a bank account and deposit the share capital in it;
  • register the company in Benin with the Agence de Promotion des Investissements et des Exportations (APIEX);
  • obtain a unique tax number (IFU);
  • obtain additional licenses and permits to conduct business.

Legislation and regulatory environment

The primary source of law is local law. However, the country is also a member of the West African Economic and Monetary Union (UEMOA) and the Organization for Harmonization of Corporate Law in Africa (OHADA). The Investment Code is one of the essential documents for foreign entrepreneurs. The Civil Code and Commercial Code regulate the activities of firms.

Tax system

  • corporate tax - 30%;
  • personal income tax - from 0% to 30% in proportion to the amount of income;
  • VAT - 18%;
  • capital gains tax - 5%;
  • tax on dividends - 0%, 5%, or 10%, depending on the category of the payer and the recipient.

Open a business in Benin: how Prifinance lawyers can assist

Benin is a promising and safe destination for investment. The Republic continues developing commercial infrastructure and is a re-exporting country, sending goods to neighboring landlocked countries. Prifinance lawyers will support you to open a company in Benin, handling the paperwork and administrative formalities. In addition, we provide annual company and accounting services.

Cooperation

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