Benin

Ease of Doing Business in

Benin

This page summarizes Doing Business 2015 data for Benin. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Sub-Saharan Africa
Income Category Low income
Population 10,323,474
GNI Per Capita (US$) 790
City covered Cotonou
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
151 167 down 16

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
51.10 46.61 down 4.49
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2015 Rank 117 DB 2014 Rank*** 173 Change in Rank up56
DB 2015 DTF** (% points) 80.91 DB 2014 DTF** (% points) 55.12 Change in DTF** (% points) up25.79

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Benin Sub-Saharan Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology
Procedures (number)
7.0 7.8 4.8

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
12.0 27.3 9.2

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology
Cost (% of income per capita)
55.8 56.2 3.4

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in min. capital (% of income per capita)
6.3 95.6 8.8
No. Procedure Time to Complete Associated Costs
1 Verify the uniqueness of the company name 1 day notary service fees include name verification charges
2 Have a notary public notarize the instrument of incorporation 3 days see comment
3 Subscribe and deposit capital in a bank, and obtain a receipt 1 day no charge
4 File documents with GUFE 4 days XOF 12,000 registration costs + XOF 20,000 for GUFE formalities + XOF 5,000 for the trader card+ XOF 20,000 (formalités d' exercice)
5 Activate the bank account within 30 days of incorporation 1 day no charge
6 Subscribe company and employees to the Caisse Nationale de Securité Sociale (CNSS) 1 day no charge
7 Declaration of registration with the Tax Authority - Direction Nationale des Impots et des Domaines 1 day no charge

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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