| LLC | PLC | Branch Office | Rep Office | |
|---|---|---|---|---|
| Other Entity Name | Ltd | Public Limited Company | Branch | Representative Office |
| Company Setup Time | 30 days | 35 days | 35 days | 35 days |
| Bank Account Opening | 10 days | 10 days | 10 days | 10 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 (private limited)
- An LLCs must have one director and one shareholder and no minimum share capital is required. Companies require approval from the local administration, if 50% of the company is owned by foreign investors.
Branch
- Foreign companies are permitted to open a 100% foreign branch to can carry out commercial activities. Our clients should note that under such a structure, in the event of losses, all liability falls on the parent company.
Representative Office
- A representative office can be 100% foreign owned and controlled but are not permitted to make direct sales in the country. However, they are allowed to conduct market research and promotional activities for the parent company.