Fees and timelines

Fees

Eritrea LLC setup costs in Year 1 will amount to US$8,700 and annual company costs in Year 2 and thereafter will amount to US$1,950. The average fee per engagement amounts to US$14,650 including i) Eritrea company incorporation ii) corporate bank account setup iii) legal registered office and iv) all government registration fees.

Different Eritrea entity typesCostDraft invoice
Tax resident LLCUS$14,650Fees to register LLC in Eritrea
PLCUS$16,750Eritrea PLC invoice
Branch of a foreign companyUS$ 15,350Fees to setup branch office in Eritrea

Timelines

The average Eritrea company registration period is 26 weeks as outlined below:

ServiceLLCPLCBranch Office
Engagement planning2 weeks3 weeks4 weeks
Company incorporation period17 weeks19 weeks20 weeks
Bank account approval4 weeks5 weeks6 weeks
Internet banking approval2 weeks2 weeks2 weeks
Engagement completion1 week1 week1 week
Total engagement period26 weeks30 weeks33 weeks

eritrea company registration engagement 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 Eritrea, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Grace Odhiambo, directly:
EMOI ENCC COMESA HCBE