Loi n°2020-02 du 20 mars 2020 portant Code des Investissements en République du Bénin, régimes privilégiés et régime des investissements spécifiques
In forceLoi n°2020-02 du 20 mars 2020 portant Code des Investissements en République du Bénin
Applies to both
Benin's current investment code, adopted by the National Assembly on 29 January 2020 and promulgated on 20 March 2020, repealing the 1990 investment code (Loi n°90-002 as amended) and its implementing texts.
Alongside an ordinary law regime, the Code establishes privileged customs-and-tax regimes for a newly created enterprise that meets an investment threshold and other criteria, and a separate régime des investissements spécifiques (Art. 40) under which an eligible project's imports of goods and services strictly needed for the project are wholly exempt from entry duties and taxes during the investment phase, apart from a short list of levies (road tax, statistical tax, customs stamp duty, and named community levies) the exemption never reaches; a project under this specific-investments regime reverts to the ordinary law regime once it moves into its operating phase.
Diverting an imported, duty-exempt good from the purpose declared in the enterprise's authorization is a serious breach of the enterprise's obligations, punished by a fine set in an implementing decree and, in a case of grave or repeated violation or of failing to carry out the declared investment program, by withdrawal of the regime and a duty to repay the State the value of the advantages received (Art. 41 to 44).
The Code's own extracted text, as located through a reachable official channel, is materially degraded by poor optical-character recognition, so the investment-size and job-creation thresholds gating each privileged regime, and the exact list of privileged-regime categories the current Code uses, are not established here; only the structure described above is confirmed from readable portions of the text.
Loi n° 2020-02 was adopted by the National Assembly on 29 January 2020 and promulgated at Cotonou on 20 March 2020; its text fixes no commencement day, and no Journal officiel issue carrying it has been located.
Source: Full text of law