Company registration is the process of obtaining legalization to conduct a business. The legalization ensures that the business maintains all the rules and regulations. Local and foreign company registration processes are not the same. The rules and regulations may vary according to the policy of a country.
Every country has its own rules ®ulation, terms & conditions for foreign company registration. If you want to start a business in a foreign country, you should always be aware of the financial and economic advantages of that country. For foreign company registration, it is necessary to submit a range of documents. Documents include certification, the outline of the structure of the company, etc.
Registration of companies is very important as it creates the business as a legal entity. Without a company registration, your company can not be legally considered. You have to pay annual returns to hold your business legality. Some common steps of company registration are as follows: –
- For company name registration you need to submit two or three names to the government register office with registration fees.
- Company Secretary or authorized person will prepare required documents to be forwarded to government office.
- Before submitting required papers, be ensure about registration fees.
- The register office will verify all the supporting papers before approving new company.
- Registration of any foreign company, needs extra permission (apart from government registrar office).
- Once you register your company some other permission might necessary to start new business i.e. (depend upon category of business and investment volume)
Conclusion
Registering with a foreign company can offer your a significant advantage in some situations. Some countries allow 100% foreign ownership, which works as an advantage for entrepreneurs.
This article explains the importance & process of company registration in a foreign country. If you face any difficulties with company registration be sure to contact us. S&F consulting firm is always there to help you out.