Fees and timelines in 2023
Fees
Senegal LLC setup costs in Year 1 will amount to US$7,650. The average fee per engagement amounts to US$15,300 including i) Senegal company incorporation ii) corporate bank account setup iii) legal registered office and iv) all government registration fees.
| Different Senegal entity types | Cost | Draft invoice |
|---|---|---|
| Limited Liability Company (LLC) | US$15,300 | View invoice PDF |
| PLC | US$20,600 | View invoice PDF |
| Branch of a foreign company | US$18,450 | View invoice PDF |
| Representative office | US$17,450 | View invoice PDF |
| Fast nominee LLC | US$24,900 | View invoice PDF |
Timelines
The average Senegal company registration period is 12 weeks as outlined below:
| Service | LLC | PLC | Branch | Rep office |
|---|---|---|---|---|
| Engagement planning | 2 weeks | 3 weeks | 2 weeks | 2 weeks |
| Company incorporation period | 4 weeks | 5 weeks | 4 weeks | 4 weeks |
| Bank account approval | 4 weeks | 4 weeks | 4 weeks | 4 weeks |
| Internet banking approval | 1 week | 1 week | 1 week | 1 week |
| Engagement completion | 1 week | 1 week | 1 week | 1 week |
| Engagement completion | 12 weeks | 14 weeks | 12 weeks | 12 weeks |
