| LLC | PLC | Free Zone Company | Manufacturing Company | Mining Company | Branch Office | Rep Office | |
|---|---|---|---|---|---|---|---|
| Local Name | SRL | SA | Société de zone franche | Entreprise industrielle | Société minière | Succursale | Bureau de représentation |
| Company Setup Time | 14 weeks | 14 weeks | 14 weeks | 16 weeks | 16 weeks | 18 weeks | 18 weeks |
| Bank Account Opening | 3 weeks | 3 weeks | 3 weeks | 3 weeks | 3 weeks | 3 weeks | 3 weeks |
| Government Grants Available | Yes | Yes | No | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | No | Yes | Yes | No | No |
| Legal Liability | Yes | Yes | Yes | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
Eritrea Limited Liability Company (LLC)
- An LLC must have at least one director and one shareholder who can be of any nationality. The minimum share capital is USD 1,500. Once incorporated, an LLC must submit audited financial reports and statements on an annual basis.
Eritrea Public Limited Company (PLC)
- A PLC is commonly used by clients who are interested in trading their shares in regulated commercial markets. The minimum share capital required to complete the incorporation process is USD 3,500. It is required to appoint a director and shareholder of any nationality. The entity must submit audited financial reports annually.
Eritrea Branch Office
- The scope of operation is determined by the parent company. A legal representative, resident of Eritrea, must be appointed to act on behalf of the parent company.
- A branch office in Eritrea must have a registered address, where all communications and notices are addressed. The entity must keep the statutory records in that office.