Fees and timelines in 2022

Fees

payment by instalmentSenegal 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

senegal 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 Senegal, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon
apix, investment promotion and major projects in Senegal senegal chamber of commerce industry and agriculture senegal ministry of trade, informal sector, consumer affairs, promotion of local products and SMEs senegal ministry of economics and finances IPRES - institution Provident Retreat Senegal social security fund of Senegal senegal-bank