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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.

Fast Incorporations