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Fees and timelines in 2023

Fees

payment by instalmentBenin company incorporation costs in Year 1 amount to US$4,500 and annual company costs in Year 2 and thereafter amount to US$0. The average fee per Benin company formation engagement amounts to US$10,250, which includes company registration and opening a local corporate bank account and all government fees. Refer to draft invoice embedded here.

Different Benin entity typesCostDraft invoice
Tax resident LLCUS$10,250View invoice PDF
PLCUS$9,850View invoice PDF
Branch of a foreign companyUS$13,850View invoice PDF
Representative officeUS$11,100View invoice PDF

Other fee considerations

Timelines

The average Benin company registration period is 16 weeks as outlined below:

ServiceLLCPLCBranchRepresentative office
Engagement planning2 weeks2 weeks2 weeks2 weeks
Company incorporation period5 weeks6 weeks7 weeks7 weeks
Bank account approval5 weeks5 weeks5 weeks5 weeks
Internet banking approval3 weeks3 weeks3 weeks3 weeks
Incorporation completion1 week1 week1 week1 week
Total engagement period16 weeks17 weeks18 weeks18 weeks

benin business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Benin, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
benin government website benin agency for trade promotion Central bank of West African States CCI Benin - Chamber of Commerce
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