Fees and timelines in 2022
Fees
Laos LLC incorporation costs amount to US$3,150 and total setup costs amounts to US$14,850 on average per engagement, including Laos company incorporation, corporate bank account setup, legal registered office and all government registration fees. Maintenance costs in year 2 and thereafter average US$1,650, not inclusive of accounting and tax services.
Timelines
The average Laos company registration period is 16 weeks as outlined below:
Service
LLC
PLC
Branch
Rep Office
Engagement planning
3 weeks
3 weeks
4 weeks
4 weeks
Company incorporation period
7 week
7 weeks
10 weeks
10 weeks
Bank account approval
4 weeks
4 weeks
4 weeks
4 weeks
Internet banking approval
1 week
1 week
1 week
1 week
Engagement completion
1 week
1 week
1 week
1 week
Total engagement period
16 weeks
16 weeks
20 weeks
20 weeks
Preparing a detailed project plan;
Our Client confirms the corporate structure;
Collecting due diligence from our Client.
Our Client signs the corporate bank account opening forms;
Bejarano ADF Consultants prepares a business plan;
Bejarano ADF Consultants visits the bank for interview;
The Bank Legal and Compliance Department review and approve the banking application;
The Bank Front Office email corporate bank account numbers to our client.
The Bank Operations Department mails the internet username and passwords to our Client;
Some of our Clients’ request Bejarano ADF Consultants to activate the internet banking on their behalf.
Bejarano ADF Consultants confirms all Client due diligence is received;
Bejarano ADF Consultants couriers to our Client the complete original company and bank account documents;
Our Client completes our web page feedback survey;