ANNOUNCEMENT 14 Jan 2013In January 2013, the government of Benin announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
On January 14, 2013, the national assembly of Benin adopted the new Land Code (Law No. 2013-01) which prohibits land ownership by foreign entities. From now on, foreigners are only allowed to enter into long-term leases (max. 50 years, non-extendable) for a maximum of 1000 hectares per investor.