Benin

Ease of Doing Business in

Benin

This page shows summary Doing Business 2012 data for Benin. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Sub-Saharan Africa
Income Category Low income
Population 9,211,741
GNI Per Capita (US$) 750.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
175 173 down -2
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 154 158 up 4
Dealing with Construction Permits 117 116 up -1
Getting Electricity 140 144 up 4
Registering Property 130 130 No change
Getting Credit 126 152 up 26
Protecting Investors 155 153 up -2
Paying Taxes 170 167 up -3
Trading Across Borders 129 128 up -1
Enforcing Contracts 176 177 up 1
Resolving Insolvency 127 124 up -3

Economy Profile

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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 2012 Rank 154 DB 2011 Rank 158 Change in Rank up4
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).

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Procedures (number)
6 8 5

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)
29 37 12

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.

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Cost (% of income per capita)
149.9 81.2 4.7

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.

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Paid-in Min. Capital (% of income per capita)
280.4 129.8 14.1
No. Procedure Time to Complete Associated Costs
1 Verify the company name 1 day included in the notary fees
2 Subscribe and deposit capital in a bank, obtain a receipt 1 day no charge
3 Have a notary public notarize the instrument of incorporation 3 days XOF 250,000
4 Register the company at the Company Registry (‘Immatriculation au Registre du Commerce et du Credit Mobilier’) by going to the Court Registrar (‘Greffe du Tribunal’) 3 days XOF 77900
5 File documents with the Centre des Formalités des Entreprises (CFE) 20 days XOF 165,000
6 Publish formation notice in the official gazette 1 day about XOF 40,000

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