Fees and timelines

Fees

payment by instalmentSenegal LLC setup costs in Year 1 will amount to US$8,850. The average fee per engagement amounts to US$17,400 including i) Senegal company incorporation ii) corporate bank account setup iii) legal registered office and iv) all government registration fees.

Different Senegal entity typesCostDraft invoice
Limited Liability Company (LLC)US$17,400View invoice PDF
PLCUS$20,600View invoice PDF
Branch of a foreign companyUS$20,950View invoice PDF
Representative officeUS$21,650View invoice PDF
Fast nominee LLCUS$24,900View invoice PDF

Timelines

The average Senegal company registration period is 12 weeks as outlined below:

Service LLCPLCBranchRep office
Engagement planning2 weeks3 weeks2 weeks2 weeks
Company incorporation period4 weeks5 weeks4 weeks4 weeks
Bank account approval4 weeks4 weeks4 weeks4 weeks
Internet banking approval1 week1 week1 week1 week
Engagement completion1 week1 week1 week1 week
Engagement completion12 weeks14 weeks12 weeks12 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 email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Simon Guidecoq, directly:
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