Starting a business in Benin
Legal Forms of Companies
- Limited Liability Company (LLC/SARL)
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Number of partners: Minimum one shareholder and one director, which may be of any nationality and not be resident in the country
Capital (max/min): XOF 1
Shareholders and liability: Liability is limited to the shares
- Public Limited Company (PLC)
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Number of partners: Minimum one shareholder and three directors, of any nationality. If the company has more than three shareholders, a board of directors must be appointed (with minimum three directors)
Capital (max/min): USD 18,000 (USD 180,000 in case of publicly traded companies)
Shareholders and liability: Liability is limited to the extent of the shareholders contributions
- Limited Partnership (Société en Commandite Simple - SCS)
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Number of partners: Minimum one with limited liability and one with unlimited liability
Capital (max/min): No minimum capital required
Shareholders and liability: Limited partners who do not participate in management have limited liability. However, general partners or managing partners have joint and unlimited liability
- General Partnership (SNC)
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Number of partners: Minimum two
Capital (max/min): No minimum capital required
Shareholders and liability: Partners have joint and unlimited liability
Business Setup Procedures
Setting Up a Company |
Benin |
Sub-Saharan Africa |
Procedures (number) |
6.0 |
7.5 |
Time (days) |
8.5 |
21.3 |
Source: Doing Business - Latest available data.
- The Competent Organisation
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OHADA's Trade Register (RCCM)
- For Further Information
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Consult Doing Business Website, to know about procedures to start a Business in Benin.
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Latest Update: October 2024