Fees and timelines in 2022

Fees

payment by instalmentIncorporation costs in Year 1 amount to US$8,700 and annual company costs in Year 2 and thereafter amount to US$2,500. The average total fee per Estonia engagement amounts to US$16,800, which includes company incorporation and opening a local corporate bank account and all government fees. Refer to draft invoice embedded here.

Different Ethiopia entity types Cost Draft invoice
Limited Liability Company (LLC) US$16,800 View invoice PDF
PLC US$18,800 View invoice PDF
Branch office US$17,000 View invoice PDF
Representative office US$16,800 View invoice PDF
Fast nominee LLC US$39,500 View invoice PDF

Timelines

The average Ethiopia company registration period is 16 weeks as outlined below:

Service LLC PLC Branch Rep Office
Engagement planning 2 weeks 2 weeks 2 weeks 2 weeks
Company incorporation period 5 weeks 6 weeks 7 weeks 6 weeks
Bank account approval 5 weeks 5 weeks 5 weeks 5 weeks
Internet banking approval 3 weeks 3 weeks 3 weeks 3 weeks
Incorporation completion 1 week 1 week 1 week 1 week
Total engagement period 16 weeks 17 weeks 18 weeks 17 weeks

ethiopia 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 Ethiopia, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon
Ethiopia Chamber of Commerce & Sectoral Association Ethiopia government portal Ethiopia ministry of trade Ethiopian revenues and customs authority National bank of Ethiopia