Fees and timelines

Fees

payment by instalmentEritrea 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 types Cost Draft invoice
Tax resident LLC US$14,650 View invoice PDF
PLC US$16,750 View invoice PDF
Branch of a foreign company US$ 15,350 View invoice PDF

Timelines

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

Service LLC PLC Branch Office
Engagement planning 2 weeks 3 weeks 4 weeks
Company incorporation period 17 weeks 19 weeks 20 weeks
Bank account approval 4 weeks 5 weeks 6 weeks
Internet banking approval 2 weeks 2 weeks 2 weeks
Engagement completion 1 week 1 week 1 week
Total engagement period 26 weeks 30 weeks 33 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 contact our in-house country expert, Ms. Lim Zhi Qing, directly:
Consultant at HC - zhiqing
EMOI ENCC COMESA HCBE