Fees and timelines in 2022

Fees

payment by instalmentBolivia LLC setup costs in Year 1 will amount to US$14,550 and annual company costs in Year 2 and thereafter will amount to US$3,800. The average fee per engagement amounts to US$19,900 including i) Bolivia company incorporation ii) corporate bank account setup iii) legal registered office and iv) all government registration fees.

Different Bolivia entity types Cost Draft invoice
LLC US$19,900 View invoice PDF
LLP US$19,900 View invoice PDF
PLC US$22,200 View invoice PDF
Branch office US$24,650 View invoice PDF
Representative office US$22,650 View invoice PDF
Fast business setup solution + 6 months tax reporting US$58,410 View invoice PDF
Bolivia LLC package US$43,010 View invoice PDF

Timelines

The average Bolivia company registration period is 21 weeks as outlined below:

Service LLC SA LLP Branch Rep Office
Engagement planning 3 weeks 3 weeks 3 weeks 4 weeks 4 weeks
Company incorporation period 10 weeks 10 weeks 3 weeks 2 weeks 2 weeks
Bank account approval 4 weeks 6 weeks 5 weeks 4 weeks 4 weeks
Internet banking approval 3 weeks 1 week 1 week 1 week 1 week
Engagement completion 1 week 1 week 1 week 1 week 1 week
Total engagement period 21 weeks 21 weeks 13 weeks 12 weeks 12 weeks

bolivia 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 Bolivia, please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal
Ministry of Economy and Public Finance Central Bank of Bolivia National Chamber of Commerce Registry of Commerce - FUNDEMPRESA