Fees and timelines in 2022

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 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

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