Fees and timelines

Fees

Venezuela LLC setup (S.R.L) costs in Year 1 will amount to US$6,500 and annual company costs in Year 2 and thereafter will amount to US$1,200. The average fee per engagement amounts to US$42,820 including Country company incorporation, corporate bank account setup, legal registered office, RIF application, translations, project management, accounting and tax and all government registration fees.

 LLCPLCBranchRep office
Average engagement costsUS$42,820US$14,100US$45,620US$42,820
Draft invoiceVenezuela LLC draft invoiceContact UsVenezuela Branch draft invoiceVenezuela rep office draft invoice

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Timelines

The average Venezuela company registration period is 29 weeks as outlined below:

 ServiceLLCPLCBranchRep office
1.Engagement planning1 week1 week1 week4 weeks
2.Company incorporation period20 weeks25 weeks25 weeks25 weeks
3.Corporate bank account approval4 weeks4 weeks4 weeks4 weeks
4.Corporate internet banking approval3 weeks3 weeks3 weeks3 weeks
5.Engagement completion1 week1 week1 week1 week
Total engagement period29 weeks34 weeks34 weeks37 weeks

Venezuela business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Venezuela, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi