10 steps to incorporate in Benin in 2024

Thanks to our Benin business incorporation services, our Client will not have to travel to start his company in Benin. Our Firm will indeed complete all procedures on his behalf. Please refer to Benin incorporation timeline page for standard timelines to complete the engagement, which is usually completed following the below steps:

1. Before Healy Consultants starts to incorporate our Client’s company in Benin, our Firm requests that he or she i) settles our fees requested to project-manage the engagement ii) signs and returns our engagement letter and iii) provides us scans of all the documents required for our due diligence checks;
2. Healy Consultants assists our Client to decide on i) proposed company’s name and ii) the optimum corporate structure including directors and shareholders;
3. Our project manager then drafts a detailed project plan for Benin company formation and corporate bank account opening services in Benin. This document will map out each step towards engagement completion;
4. Healy Consultants notarizes and execute all the proposed company’s statutes with a Benin notary public;
5. Healy Consultants assists our Client to i) open a temporary corporate bank account with a local commercial bank and ii) deposit the required minimum share capital and obtains a receipt;
6. Healy Consultants i) presents all the required company documents and ii) registers with the Single Window Formalization of Enterprises (GUFE) of Benin iii) obtains the Benin company incorporation certificate;
7. Subsequently, Healy Consultants Banking Team presents to the bank, proof of commercial registration, and activates the corporate bank account initially opened;
8. Healy Consultants Benin Incorporation Team registers the company and subscribes the employees with the National Social Security Fund (CNSS) for social security contribution purposes;
9. Healy Consultants Incorporation Team declares the existence of the new company to the National Directorate of Taxes and Domains (DNID) which then conducts a site visit to verify the business address provided;
10. Following successful incorporation of the Benin company, Healy Consultants will courier, to our Client’s preferred international address, the complete company kit including i) original corporate documents ii) an unopened bank correspondence and iii) Client engagement feedback survey to assess the quality of our Benin company formation services.