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Fees and timelines in 2024

Fees

payment by instalmentTurkmenistan company incorporation costs in Year 1 amount to US$15,600 and annual company costs in Year 2 and thereafter amount to US$0. The average fee per Turkmenistan engagement amounts to US$24,600, which includes Turkmenistan company incorporation, opening a local corporate bank account, and all government fees.

Different Turkmenistan entity types Cost Draft invoice
Limited Liability Company (LLC) US$24,600 View invoice PDF
Public Limited Company (PLC) US$26,600 View invoice PDF
Branch of a foreign company US$25,600 View invoice PDF
Representative Office US$24,650 View invoice PDF

Other fee considerations

Timelines

The average Turkmenistan company formation engagement period is 22 weeks.

turkmenistan 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 Turkmenistan, please contact our in-house country expert, Ms. Yekaterina Li, directly:
Consultant at HC - katya