Fees and timelines in 2024
Fees
Greenland LLC setup costs in Year 1 will amount to US$6,500 and annual company costs in Year 2 and thereafter will amount to US$3,500. The average fee per engagement amounts to US$14,000 including i) Greenland company incorporation, ii) corporate bank account setup, iii) legal registered office and iv) all government registration fees.
Different Greenland entity types | Cost | Draft invoice |
---|---|---|
Tax resident LLC | US$14,000 | View invoice PDF |
PLC | US$16,000 | View invoice PDF |
Branch of a foreign company | US$15,000 | View invoice PDF |
Representative office | US$12,400 | View invoice PDF |
Timelines
The average Greenland company registration period is 10 weeks as outlined below:
Service | LLC | PLC | Branch | Rep Office |
---|---|---|---|---|
Engagement planning | 1 weeks | 2 weeks | 2 weeks | 1 week |
Company incorporation period | 2 weeks | 4 weeks | 4 weeks | 2 weeks |
Bank account approval | 3 weeks | 3 weeks | 4 weeks | 4 weeks |
Internet banking approval | 1 week | 1 week | 1 week | 1 week |
Engagement completion | 1 week | 1 week | 1 week | 1 week |
Total engagement period | 8 weeks | 11 weeks | 12 weeks | 9 weeks |