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LLC PLC Free Zone Company Branch Office Rep Office
Local Name SARL SA Société en Zone Franche Sucursale Bureau de representation
Company Setup Time 20 days 20 days 20 days 25 days 25 days
Bank Account Opening Yes Yes Yes No No
Government Grants Available Yes Yes Yes No No
Government Contracts Bidding Yes Yes Yes No No
Legal Liability No No No No No
Inquiry Inquiry Inquiry Inquiry Inquiry

Corporate Structure Explained

Benin Limited Liability Company (SARL)

  • An LLC needs at least one director and one shareholder who can be of any nationality. Shareholders can be either individual or corporate entities. The minimum share capital required is US$ 1 (FCFA1).
  • An auditor must be appointed if the share capital surpasses US$ 18,000 or if the annual revenue exceeds US$ 45,000 or the staff exceeds 50.

Benin public limited company (SA)

  • A minimum of three directors and one shareholder who can be corporate or individual are required.
  • It is required a share capital of US$18,000. The minimum share capital increases to US$180,000 if the company is to be publicly traded. In this case, an auditor must be appointed.

Benin Branch

  • A branch is not considered to be a separate entity from the parent company. The operations in Benin are defined by the parent company. It is required to appoint a director of any nationality.

Benin Representative Office

  • Representative offices are not permitted to conduct direct profit making or commercial activities in Benin. However, its authorized to perform market research and promotional activities related to the parent company.

Fast Incorporations