| LLC | Nominee LLC | Joint Venture | Branch Office | Rep Office | |
|---|---|---|---|---|---|
| Company Setup Time | 45 days | 15 days | 45 days | 30 days | 30 days |
| Bank Account Opening | 15 days | 15 days | 15 days | 15 days | 15 days |
| Government Grants Available | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | No | No |
| Limited Liability | Yes | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
Limited Liability Company
- There is no minimum capital requirement. It can be incorporated with one director and two shareholders, all of whom can be from any other nationality.
- A resident company agent and a board of directors must be appointed.
- Shareholders are responsible up to the extent of the investment made in the company.
Corporation
- This business is recommended if our clients wish to issue public shares.
- Similar to the LLC, a corporation must appoint one director, two shareholders, a country-based company agent and a board of directors.
Branch Office
- The branch office of the holding company is not separate. Therefore, the parent company is responsible for the losses and debts incurred by the branch office.
- The branch office does not appoint directors or shareholders, but must appoint at least 1 legal agent residing in the country.