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Fees and timelines in 2024

Fees

payment by instalmentThe average fee per Ethiopia engagement is outlined in the table below. These fees include company incorporation, opening corporate bank accounts, project management and all government fees:

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

Other fee considerations

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
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