Fees and timelines in 2025
Fees
The average fee per Benin engagement is outlined in the table below. These fees include company incorporation, opening corporate bank accounts, project management and all government fees:
Different Benin entity types | Cost | Draft invoice |
---|---|---|
Tax resident LLC | US$10,250 | View invoice PDF |
PLC | US$9,850 | View invoice PDF |
Branch of a foreign company | US$13,850 | View invoice PDF |
Representative office | US$11,100 | View invoice PDF |
Timelines
The average Benin company registration period is 16 weeks as outlined below:
Service | LLC | PLC | Branch | Representative office |
---|---|---|---|---|
Engagement planning | 2 weeks | 2 weeks | 2 weeks | 2 weeks |
Company incorporation period | 5 weeks | 6 weeks | 7 weeks | 7 weeks |
Bank account approval | 5 weeks | 5 weeks | 5 weeks | 5 weeks |
Internet banking approval | 3 weeks | 3 weeks | 3 weeks | 3 weeks |
Incorporation completion | 1 week | 1 week | 1 week | 1 week |
Total engagement period | 16 weeks | 17 weeks | 18 weeks | 18 weeks |