Benin overview
Basic Facts
- Officially the Republic of Benin
- Country in West Africa
- Member of African Union, Economic Community of West African States
- West African CFA franc (XOF) currency pegged to EUR
- Presidential republic - one of the most stable democracies in Africa
- Civil (statutory) law legal system
- Good infrastructure
- Double taxation agreement with the more than 10 countries
- French speaking
Reasons for doing business in Benin
TOP 3
Primary logistical bypass for neighbouring Nigeria
Massive tax incentives for companies in Glo-Djigbé Industrial Zone (GDIZ)
Currency stability with virtually no exchange rate risk
More advantages
- Main Corporate income tax (CIT) rate of 30%
- Dividends generally subject to a 10% withholding tax
- The Glo-Djigbé Industrial Zone (GDIZ) is a gold standard for Benin's new economic model, companies operating within GDIZ get benefit of:
- (i) 0% Corporate Tax: Full permanent exemption for many industrial and export activities
- (ii) 0% Dividend Tax
- (iii) 0% Payroll Tax, Customs Duties, VAT
- Legal security via OHADA
- No wealth tax
Company formation in Benin
Do you need to establish your company in Benin? Then to administer it?
Are you looking for a reliable lawyer or accountant in Benin?
Are you looking for an experienced partner for financing your project in Africa?
Do you want to structure your international business in different countries to best suit your needs?
Reach out to us at any time, we are here for you ready to help you to find the right answers and workable solution for your specific needs. Our strength and our SUPERPOWER is our 25+ years expertise in taxes and tax laws of currently approx. 60 countries.
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