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LLC JSC Branch Office Rep Office
Company Setup Time 25 days 30 days 25 days 25 days
Bank Account Opening 15 days 15 days 15 days 15 days
Government Grants Available Yes Yes No No
Government Contracts Bidding Yes Yes No No
Limited Liability Yes Yes No No
Client Required to Travel No No No No
Inquiry Inquiry Inquiry Inquiry

Corporate Structure Explained

Limited Liability Company

  • This entity can be incorporated with at least one shareholder, who may be a foreign non-resident individual or company. One director, who may be of any nationality, must be appointed.

  • Shareholders holding at least 25 per cent of the company must deposit at least USD 100,000 in a local bank account prior to company incorporation.

Joint Stock Company

  • This entity requires a minimum of 2 shareholders, non-resident individuals or companies. Each foreign shareholder with a 25% stake must contribute USD 100,000 to the company. Similarly, its needed to appoint a board of directors consisting of at least nine members.
  • This entity is preferred by clients who plan to issue shares to the general public. A JSC can function as a private company without being listed on the stock exchange platform.

Representative Office Limited Liability Partnership (LLP)

  • This entity is not permitted to carry out activities that generate direct income. The appointment of an authorized agent on behalf of the entity is required.

Fast Incorporations