Property for sale in Benin

1/ Capital: Porto-Novo

Officially  is called  Republic of Benin, and also known as Benin Republic, is a country in Western Africa. It borders Togo to the west, Nigeria to the east and Burkina Faso and Niger to the north; its short coastline to the south leads to the Bight of Benin.

2/ Country: Benin

Is the official capital of the West African nation of Benin and it is a port on an inlet of the Gulf of Guinea, in the southeastern portion of the country. Porto-Novo is Benin's second largest city, but the city of Cotonou is more important, culturally and politically.

3/ Property in Benin

On the economic plane, Benin has made tremendous stridesespecially in the area of fiscal consolidation.

Benin's economy is 55 percent free, according to our 2008 assessment, which makes it the world's 110th freest economy. Benin officially favors foreign investment. The bureaucracy, however, is inefficient and subject to corruption. Privatization, the largest incentive for foreign investment, is extremely slow-moving amid accusations of corruption and legal disputes, and the government requires part-Beninese ownership of any privatized company. Benin's legal system is weak and subject to corruption. There is no separate commercial court system, and backlogs of civil cases cause long delays. International donor assistance projects aim to improve the judiciary by training staff and expanding physical capacity.

Secured interests in real and personal property are recognized and enforced. Benin's legal system protects and facilitates acquisition and disposition of all property rights, including land, buildings and mortgages. In theory, the government respects intellectual property rights. In practice, however, bootlegged musical cassettes and CDs are widely available, despite government interdiction efforts.

Much of the foreign investment that has entered Benin since 1990 has been through the acquisition of interests in privatized companies. The principal foreign investors in Benin are from Lebanon, India, Germany, France and other European countries.