Home » Ethiopia » Fees and timelines

Fees and timelines in 2023

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 typesCostDraft invoice
Limited Liability Company (LLC)US$16,800View invoice PDF
PLCUS$18,800View invoice PDF
Branch officeUS$17,000View invoice PDF
Representative officeUS$16,800View invoice PDF
Fast nominee LLCUS$39,500View invoice PDF

Other fee considerations

Timelines

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

Service LLCPLCBranchRep Office
Engagement planning2 weeks2 weeks2 weeks2 weeks
Company incorporation period5 weeks6 weeks7 weeks6 weeks
Bank account approval5 weeks5 weeks5 weeks5 weeks
Internet banking approval3 weeks3 weeks3 weeks3 weeks
Incorporation completion1 week1 week1 week1 week
Total engagement period16 weeks17 weeks18 weeks17 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
How do you rate this page?
Report a problem or mistake on this page
Leave an online review of our firm