The requirements for doing company formations online are very easy to fulfill, and the registration can be accomplished quickly and with a minimum of documentation or cost. It’s possible for businessmen worldwide to register for doing business in just about any foreign country. All it really needs is the filing fee along with some basic information.
The ground work and actual submissions are done by local entities called registration agents. These agents will necessarily have a local address for doing business, and they can be authorized to accept legal documents on the new firm’s behalf. All the registrant needs to do is fill in a form with the name of the business, and the names of the secretary, shareholders and directors.
The registration agent can provide the nominees and office address, if required. Some will even help post-registration matters like setting up a bank account, answering service, etc. There will, of course, be a basic filing fee plus the agent’s fee and other add-on charges for each of the extra services.
Once the order is paid for online, the registration is completed in a few hours. After that, the entire package with all the documents and certificates is sent by post to the registrant. These are just the basic things that are involved, and there are many options and add-ons to be considered.
For example, the registrant can choose to register with a new business name or pick a pre-existing shelf company. The latter is obviously faster since everything is already done and the registrant can simply start doing business. But there might be a premium involved when picking up a pre-registered shelf business.
Then there is also the question of where (as in city and state or province) to register. Sometimes there can be a difference in the tax regime, business regulations and the registration formalities. Consult the registration agent about the best place for doing company formations online.
Company formation is important. For that very point, we’re going to tell you more on companies house company formation right now.
