This article presents a comprehensive overview of the average costs associated with creating and maintaining a Hususy kärhana (Private Enterprise, equivalent to LLC) in Turkmenistan as of 2025. All figures are provided in Turkmenistan Manat (TMT), and for context, indicative USD conversions are included using a reference rate of 1 TMT = $0.29 USD.
Company Formation Costs in Turkmenistan (2025)
Starting a typical Hususy kärhana in Turkmenistan involves several mandatory fees and requirements. The table below details the main cost components for company establishment:
| Expense Category | Amount (TMT) | Amount (USD) |
|---|---|---|
| Minimum capital requirement | 10,000 TMT | $2,900 |
| State registration fee | 800 TMT | $232 |
| Notary fees | 200 TMT | $58 |
| Legal address registration | 100 TMT | $29 |
| Average lawyer fees (company formation) | 1,000 TMT | $290 |
While the mandatory minimum capital is 10,000 TMT ($2,900), actual direct out-of-pocket costs for creating a company (excluding capital) typically sum to around 1,200 TMT ($348).
Annual Company Maintenance Costs
Annual running costs for a standard Private Enterprise generally fall within a range, depending on the level of professional support retained. Here is a breakdown of typical yearly expenses:
| Maintenance Item | Annual Amount (TMT) | Annual Amount (USD) |
|---|---|---|
| Annual renewal/registration fee | 200 TMT | $58 |
| Mandatory accounting services | 300 TMT | $87 |
| Tax filing fees (if outsourced) | 200 TMT | $58 |
| Optional legal support (recommended) | 1,300 TMT | $377 |
On average, annual maintenance costs typically range from 500 TMT ($145) at a minimum – when relying on in-house capabilities – up to 2,000 TMT ($580) if comprehensive external support is utilized. This makes Turkmenistan a moderate-cost environment for company upkeep in regional comparison.
Sourcing and Reliability of Data
All statistics here are drawn from a blend of official and recognized independent resources, including Turkmenistan’s State Registration agency, multilateral organizations, and legal industry publications. For further details, visit the official business services portal of Turkmenistan.
Pro Tips for Efficient Company Setup and Management
- Budget for Hidden and Upfront Costs: Plan for the entire initial outlay, including both the state-mandated minimum capital and all administrative fees to prevent cash flow surprises.
- Leverage Local Professional Advisers: Utilizing reputable local legal and accounting services can reduce administrative risks and help navigate regulatory nuances efficiently.
- Keep Annual Obligations on Calendar: Mark all recurring maintenance fees and compliance deadlines to avoid late penalties or disruptions in legal standing.
- Review Service Needs Regularly: Assess annually whether you can bring functions such as accounting in-house to reduce ongoing expenses without risking compliance or operational efficiency.
To summarize, setting up a Private Enterprise in Turkmenistan in 2025 requires a blend of direct fees and minimum capital, with ongoing expenses that are moderate by regional standards. Reviewing the detailed cost breakdown and legal requirements in advance ensures a smooth setup process. Above all, clear budgeting and reliable support are critical for sustaining compliance and cost efficiency over time.