Fees and timelines in 2022

payment by instalmentVenezuela LLC setup (S.R.L) costs in Year 1 will amount to US$6,500 and annual company costs in Year 2 and thereafter will amount to US$1,200. The average fee per engagement amounts to US$42,820 including Country company incorporation, corporate bank account setup, legal registered office, RIF application, translations, project management, accounting and tax and all government registration fees.

Different Venezuela entity types Cost Draft invoice
Tax resident LLC US$42,820 View invoice PDF
PLC US$14,100 Contact us
Branch of a foreign company US$45,620 View invoice PDF
Representative office US$42,820 View invoice PDF
Nominee Venezuela SRL Company (fast solution) US$57,240 View invoice PDF

Click here to create your own Venezuela invoice

Timelines

The average Venezuela company registration period is 29 weeks as outlined below:

Service LLC PLC Branch Rep office
Engagement planning 1 week 1 week 1 week 4 weeks
Company incorporation period 20 weeks 25 weeks 25 weeks 25 weeks
Corporate bank account approval 4 weeks 4 weeks 4 weeks 4 weeks
Corporate internet banking approval 3 weeks 3 weeks 3 weeks 3 weeks
Engagement completion 1 week 1 week 1 week 1 week
Total engagement period 29 weeks 34 weeks 34 weeks 37 weeks

Venezuela 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 Venezuela, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi