Benin is world speed champion for business creation

Published on : 27/01/2021 – 00:06

It is the UNCTAD which affirms it, Benin is the country in the world where one creates his company most quickly. The United Nations Conference on Development and Trade published its ranking at the end of last year, it rewards the efforts of APIEX, the Agency for the Promotion of Investments and Exports which launched in February 2020 a platform to register your company, a platform called “MONENTREPRISE.BJ”

Tutorials, online forms, explanatory sheets, the MONENTREPRISE.BJ site has the advantage of clarity and ease. In a few clicks, Aurélia Dossou Yovo created her company last June. ” All you have to do is register on the site, and choose the type of business you want to create. Usually, if everything is settled, after two hours the business is created. »

For a little over 10,000 CFA francs, this 30-year-old young woman gave legal existence to her company Goldya, which brings together her hitherto informal activities in snail farming, car rental and make-up courses. . ” I have a passion for entrepreneurship, I wanted to create my own business to get by on my own in fact. »

The procedures have been simplified to the extreme. An identity card, an extract from the criminal record and a postal address are sufficient for one-person businesses. For companies, the procedure is hardly more complex. Laurent Gangbes, Director General of the Agency for the Promotion of Investments and Exports, and initiator of the MONENTREPRISE.BJ project. ” When it is “legal persons” companies which require the constitution of files with the notary, it is the notary who submits all the documents. ”

The initiative has been a resounding success, particularly among young people, since business start-ups have increased from 28,000 in 2019 to more than 40,000 in 2020. Laurent Gangbes: “ There is an important part of formalization of companies which were in the informal sector, there is no difficulty. But when we analyze the figures every week, we see that many young people have taken the plunge, and are engaged in the creation of their activity. »

If the primary goal is to promote entrepreneurship, one of the secondary objectives is also to bring out of the shadows the huge informal sector, which often escapes corporate tax. By registering, a young entrepreneur identifies himself with the tax authorities. Even if during the first year of activity, he will not pay tax.

« This is undoubtedly what has contributed to a very significant increase in the number of business start-ups. »

To boost the private sector, Benin has therefore been seeking for several years the right balance between formalization and corporate taxation.

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