Yoon, a young Beninese company, is set to simplify business creation and management in the Organisation for the Harmonisation of Business Law in Africa (OHADA) region. The company offers a range of services, including business creation, structuring, and accompaniment in administrative and banking procedures. According to Alingo Ronaldo, managing director of Yoon Benin, the company aims to make it easier for entrepreneurs to focus on their activities while handling necessary administrative and legal steps.
Yoon's services include assistance with choosing a legal form, preparing necessary documents, and formalities required for company registration. The company also offers a business domiciliation service in Cotonou, which is particularly useful for entrepreneurs who do not have a professional address in the area. Additionally, Yoon provides support for opening a professional bank account and depositing share capital, when required.
The domiciliation service is an essential part of Yoon's offer, targeting entrepreneurs who want to create a business in Benin without living there full-time. This service is particularly relevant for members of the diaspora who wish to invest in their home country but face difficulties due to distance. Yoon provides a domiciliation address and assists with associated procedures, enabling entrepreneurs to prepare their projects from their country of residence.
Yoon has chosen to focus on entrepreneurs in the diaspora due to their significant potential. Many Beninese people living abroad want to invest in their home country, but often lack knowledge of local procedures or cannot regularly travel there. Yoon aims to provide a local relay for these entrepreneurs, offering professional accompaniment, identified contact points, and follow-up on their procedures.
The OHADA framework represents a significant opportunity for Yoon, as it provides a harmonized legal environment for businesses operating in several African countries. However, the company is aware that harmonization does not mean identical formalities across countries. Yoon's ambition is to facilitate entrepreneurs' lives by considering both the common OHADA framework and country-specific realities.
Yoon is preparing to launch its services in Côte d'Ivoire in mid-November 2026, marking an important step in its development. The company aims to adapt its approach to the Ivorian market, providing services tailored to local needs and entrepreneurs. This expansion will enable Yoon to serve Ivorian entrepreneurs and those who wish to create a business in Côte d'Ivoire, while continuing to support the diaspora.
The choice of Côte d'Ivoire as the next market is strategic, given its economic importance and growth potential. Yoon's goal is to establish a strong presence in the country, offering accessible and adapted services to entrepreneurs. By doing so, the company aims to contribute to the development of entrepreneurship in the region, making it easier for businesses to start and grow.
Key points
- Yoon offers a range of services to simplify business creation and management in the OHADA region.
- The company targets entrepreneurs in the diaspora and those operating in Benin and Côte d'Ivoire.
- Yoon's expansion in Côte d'Ivoire marks a significant step in its development, with a focus on adapting its services to local needs.
