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International Company Formation

Elia International Consulting Company provides services and procedures for Company Formation at a worldwide level.

Check the list below for individual country information:

Albania

Albania

Country Profile

The Republic of Albania is a parliamentary republic. Its capital city and its financial capital is Tirana and its population is about 2,800,000 people. Free-market reforms have opened the country to foreign investments, especially regarding energy and transportation.

Albania is a member of the UN, NATO, the Organization for Security and Co-operation in Europe, Council of Europe, World Trade Organization, and is one of the founding members of the Union for the Mediterranean. It is also an official candidate for membership in the European Union. The currency is the Albanian Lek (ALL).

Company Types

There are several company types available in Albania, among which one may choose to register: general partnerships, partnerships, limited partnerships, limited liability companies, joint stock companies, foreign company branches or representative offices. The recommended company type for a foreign investor  in Albania is Limited Liability Company (LLC).

 

Corporate Requirements

One shareholder and one director are at minimum required for the establishment of an Albanian company.The shareholder may be an individual or a corporate entity. There is no restriction on foreign equity participation in an Albanian company. Every company must have a registered office in Albania to which correspondence may be sent.

Albania does not restrict foreign ownership of companies and repatriation of profits and equity.

In general, the requirements to register a Limited Liability company in Albania are the following:

1.              Company name

2.              Short Description of business activities

3.              Registered office address in Albania

4.              Shareholder(s) particulars and percentage

5.              Director(s) particulars

6.              Minimum paid-up share capital of ALL 100 or more

7.              Memorandum and Articles of Association

Company Formation

The process of company formation is quick and efficient. The company can be registered with the National Registration Centre in 1-2 working days under normal circumstances.

Our colleagues shall provide you full accounting & payroll services. 

Australia

Australia

With only 5% unemploymentAustralia currently ranks as the world’s 9th-easiest place to do business.Australia represents the land of opportunity in 2011 and 2012 for overseas investors and entrepreneurs. Australia has a set of common structures that investors can use when establishing a business. The four main types are: sole trader; partnerships; trusts; and companies. Investors need to consider carefully which structure best suits their business needs. The business structure will determine the licences necessary to operate, as well as tax and legal implications.

Establishing an Australian company

International investors interested in entering the Australian market may wish to establish a new Australian company or establish a new Australian subsidiary which also operates as an Australian company. Australian companies are incorporated businesses that are also distinct legal entities. Companies in Australia must be registered with the Australian Securities and Investments Commission (ASIC).

Acquiring an Australian company

An alternative to establishing a new or subsidiary company may be to acquire an existing Australian company. Companies in Australia are regulated by the Australian Securities and Investment Commission (ASIC). ASIC maintains a register of regulatory and guidance documents relating to the takeover of companies.Proposals by foreign investors to acquire Australian companies may require submission of a formal proposal. This is subject to approval by the Australian Foreign Investment Review Board (FIRB). FIRB examines proposals and advises the Australian Government on whether those proposals are suitable for approval under the Government's policy.

Obtaining business premises in Australia

The purchase, lease and development of commercial property in Australia are facilitated by state and territory, and local governments. Approvals, assessments (including environmental assessment) and regulatory requirements will differ between jurisdictions: 

  1. Australia company registration is easy and cost effective. Only one Director is required and foreign ownership is allowed
  1. No minimum capital requirements.
  1. Easy place to do business and is also ranked as the 8th least corrupt country in the world by the 2009 Corruption Perceptions Index by Transparency Int.
  1. Main internatonal banks are located in Australia and easy to open international corporate bank accounts.
  1. Wide range of incentives available for entrepreneurs who register a company in Australia, including tax benefits and excellent network of tax treaties

Austria

 

Directors and shareholders do not need to be Austrian citizens. GmbH is the most common and advantageous form of incorporation in Austria.

Austrian Company Name

Firstly, we control that the corporate name is available and acceptable. The name must end in GmbH (meaning limited liability). The corporate name check is free of charge. You can reserve an available corporate name for up to ten days.

Share Capital

The share capital must be paid up into an Austrian bank account, especially opened for the GmbH. The bank issues a certificate showing the share capital was paid up; this needs to be presented to the commercial register in order to complete the incorporation.

The transfer of ownership of share is made via an assignment before a notary since there are no share certificates in Austria.

Directors

Directors may be of any nationality and they can be non-resident. Only one director is required.

Shareholders

Shareholders may be of any nationality and they can be non-resident. Only one shareholder is required and this can be the same person as the director.

The incorporation of an Austrian company initially starts with the proposed company name, details of the directors, shareholders and the proposed activities. Subsequently we provide you full expert assistance throughout the whole process of the company formation.

Registered Office

All Austrian GmbH's must have a registered office which must be a physical address in Austria.

Incorporating your Company

We prepare the registration application along with the following documents:

  • Articles of Association
  • Certified declaration of establishment
  • A declaration and bank’s confirmation of minimum cash requirement has been deposited
  • Signatures of the managing directors, and confirmation by the tax authorities that the formation tax for capital transaction has been paid up

The trade authority (Bezirksverwaltungsbehörde) issues a trade license which is subsequently submitted to the tax authority along with the following documents:

  • Articles of Association
  • Opening balance sheet
  • An excerpt of the companies register of the company
  • A ID-card of a managing director
  • Signatures of the representatives

The company articles of association must contain the corporate name and registered office of the company, objects of the business and the amount of share capital (Stammkapital) and share interests (Stammeinlagen) of the shareholders.

Austria Company Formation package

The company becomes a legal entity when it is entered in the business register (Firmenbuch) kept by the local commercial court (Handelsgericht). Our Austrian company formation package includes all duties, taxes and professional fees, including the following:

  • Reserving your Company Name
  • Obtain the confirmation from the Economic Chamber that the start-up company is really a new enterprise
  • Registration at the local court (Handelsgericht) and Publish an announcement of formation in the Wiener Zeitung
  • A capital transfer tax (Gesellschaftssteuer) equivalent to 1% of the share capital (Stammkapital) must be paid for setting-up the GmbH.
  • The commercial court charges a fee when entering the new GmbH in the business register.
  • Production of the notarial deed (Notariatsakt) and publication of the GmbH-registration.
  • Register trade (Gewerbeanmeldung) with the trade authority (Bezirksverwaltunsbehoerde)
  • Liaise with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • An announcement in the official Austrian newspaper - Wiener Zeitung
  • Notarial Work: Presentation of Documents
  • Registering Deeds with the Ministry of Justice
  • Presentation of Deed to the Local Commercial Court
  • Appoint the Directors
  • Minutes appointing first Directors
  • Preparation of the first minutes of Board Meeting
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier

Information Required

To incorporate an Austrian company we initially only require:

  • Proposed Company Name
  • Brief Description of Company Activities
  • Shareholders Details
  • Company Directors Details
  • Austria Registered Office Address
  • Memorandum of Association and Articles of Association - which we draft for you

Company Incorporation Documents

Your file with the corporate documents for your Austrian company including the Certificate of Incorporation, Memorandum of Association, the Articles of Association, first minutes and share certificates is delivered to you. Copies of the company incorporation documents are sent via email and the originals from the companies registry are sent to you in a corporate folder.


Belgium

 

The BVBA (besloten vennootschap met beperkte aansprakelijkheid) or an SPRL (société privée à responsabilité limitée)is the most common and convenient company for incorporating in Belgium. The BVBA is a type of company that resembles the UK Private Limited Company.

Company Registration procedure - BVBA/SPRL

  • Draft an incorporation deed
  • Deposit the share capital in a bank account
  • Draw up the appraisal reports
  • Certify the incorporation deed
  • Register the incorporation deed
  • The company’s incorporation deed must be published in the Belgian Official Gazette
  • Obtain a corporate registration number

You must open a corporate bank account with a Belgian bank and each shareholder shall deposit the amount of his shares, before the execution of the incorporation deed. The said amounts shall remain blocked until the incorporation of the BVBA company.

You also need to prepare a business plan before establishing your company which shall provide an overview of financial resources required for the first two years.

The company will be registered with the Register of Legal Person and a unique identification number will be attributed to your company.

Features of a Belgium Company

  • a BVBA/SPRL must maintain a Registered Office in Belgium
  • a BVBA/SPRL only requires one shareholder and may be an individual or a corporation.
  • If the company has one shareholder, it is called a EBVB/SPRLU,
  • In order a company to be established in Belgium, its Director shall be educationally or professionally qualified

Authorised and Issued Share Capital

The share capital of a BVBA or SPRL is €18,550. Half of it(€6,200)must be deposited into a bank account before the incorporation process.

Recent legislation has allowed a new model incorporation - the "starter" company. According to this model, the S-BVBA or SPRL-S, the company can start with €100, but must reserve profits so that share capital reaches €18,550 within five years.

Documents and Information

The following are required to start incorporating a company in Belgium:

  • The Company Name
  • Shareholders' full name and address
  • The Directors' full name, date of birth, address and nationality
  • The objects of the company, specifying the principal activity
  • The amount of capital and the number of shares subscribed to each member
  • A financial plan, which should include information about how the initial investment, share capital covers the needs of the company for the first two years

Belgian BVBA/SPRL Company Incorporation

  • Reserving your Company Name
  • Drawing up of the financial plan
  • Assist with defining the business plan
  • Liaising with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association for the notary
  • Supervision of the drawing up and signing of the Memorandum of Association
  • File the documents with the Register of Legal Entities
  • Minutes appointing first Directors
  • Preparing the minutes of the first Board Meeting
  • Registering Deeds with the Commercial Registry and obtaining of the Numéro d'Entreprise / Ondememingsnummer
  • Monitoring the registration of the company in the Trade Register
  • Notification of the commencement of business to the VAT authorities
  • Notarial Work: Presentation of Documents
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier

Obtain a corporate registration number

Companies doing business in Belgium have to be registered on the Kruispuntbank voor Ondernemingen/Crossroads Bank for Enterprises.


Brazil

 

Elia International Consulting Services offers your full expert assistance in every step of your company formation process since this is not so easy in Brazil.

As company incorporation specialists, we can register Sociedade Limitada (SRL) companies in Brazil, which are quite similar to a limited liability company in the United Kingdom.

An SRL company requires no minimum share capital to be paid in full,it does require two company directors, of any nationality and two company shareholders, of any nationality. Shareholders may be individuals or corporate bodies.

Company Registration

  • Reserving Company Name
  • Preparation of Company Registration Forms
  • Drafting and signing the Memorandum and Articles of Association
  • Filing documents with the Registro Mercantil
  • The articles of incorporation of the Limitada are filed with the Registry of Commerce 
  • Certificate of Incorporation
  • Appointment of Directors
  • Including Government filing fee
  • Share Certificates
  • We provide a duplicate copy of every filed document, stamped by the Minister of Foreign Affairs as Registrar of Corporations
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL

Features of a Sociedade Limitada:

  • The company must have at least 2 shareholders
  • Foreign shareholders of the company need to be registered with the Federal Revenue Tax Office

Company Name

Brazil company names are registered at state level rather than for the entire country.

Share Capital

There are no minimum share capital requirements.

Administration

The administration or management of the Sociedade Limitada in Brazil must be carried out by a resident. This person may be a foreigner with a visa or work permit.

Registered Office

Our company may provide a registered office for our clients, where correspondence and all financial documents and company papers can be sent and they shall be kept.

General Meetings

An annual general meeting must be held within the first four months of the end of each financial year. Shareholders meetings shall be invited via publishing an announcement three times in the Official Gazette and in a local newspaper.

Empresa Individual de Responsabilidade Limitada

The Company Law No. 12,441, of 2011 introduced a new corporate type into the Brazilian Civil Code, the Individual Limited Liability Company (Empresa Individual de Responsabilidade Limitada). Such companies have limited liability and a single shareholder,who may be the holder of its entire capital, that must be fully paid up. The company name must adopt the abbreviation EIRELI.

Public Information

Most of the financial accounting information on a company registered in Brazil is publiclyavailable, since any company must publish its annual financial statements and minutes of the annual general meeting with the official Gazette. Public companies must also publish a copy of the auditors’ report.

Brazil Ready Made Company

Unfortunately, ready-made companies are not available in Brazil.


Canada

Canada

Company Incorporation in Canada can be incorporated under either the federal Canada Business Corporations Act or under the equivalent provincial or territorial legislation. Both provincial and federal corporations can be privately held corporations or can be publicly held corporations. Public corporations are governed by the applicable provincial securities legislation. While a company corporation can be considered a public corporation once it meets certain criteria and will in turn be required to adhere to securities legislation.

Incorporation procedures for both provincial and federal corporations are normally with the filing of the articles and by-laws of the corporation with the applicable corporate registry office and can generally be completed within a day provided that the corporation's name has been incorporated. 

  1. Name of the corporation
  2. Reserving name.
  3. Registered Office
  4. Shares
  5. Shareholders
  6. Directors of the corporation
  7. Officers of the corporation.
  8. One must select the fiscal year-end of the corporation.
  9. One may select the auditors or accountants of the corporation.


China

China

  1. Prepare and apply for project Proposal: On the knowledge of both partners' business area and financial status, the Chinese side is supposed to produce a project proposal to be submitted to the reform department and state or local development or the technological renovation department for examination and approval. If approved, the Chinese side shall go to register the joint venture for protecting the trademark and company name.
  2. Prepare and apply for feasibility study: Once the first step is finished, you and your Chinese partner are supposed to work jointly on a feasibility study which involves markets, craftsmanship, environment protection, capital, planned site, technology, facilitiesraw material sales and purchases, economic yielding, proportion of local currency and foreign currency injection, infrastructure�etc. to be submitted to the State or local Development and Reform department, or the Technological Renovation department for approval and examination. Concurrently both you and your Chinese partner can prepare to sign and discuss a contract and other legal documents such as articles of associations.
  3. Obtain a certificate of approval: After the feasibility study is approved, you can submit the signed contract and the articles of associations to the Ministry of Commerce or local trade and economic bureaus for examination and approval. If approval is granted, a certificate of approval for the joint venture is issued.
  4. Apply for Business License: Starting from the date of receiving the certificate of approval for the set-up of a joint venture, you and your Chinese partner shall apply to the industrial and commercial department for registration to get a business license. The date of the license is generally the date of the establishment of the joint venture.


For Wholly-Foreign-Owned Enterprises: If you or your company wishes to set up a branch or a subsidiary or a totally new company in China which is 100% owned by yourself or by your company, you can entrust a qualified agency to fulfill all the procedures of application and approval of a foreign enterprise in China. The procedures steps to incorporate a company in china are simple and easy: to fill up the application form for setting up a foreign enterprise in China; to submit the articles of association and relevant legal documents to a local trade and economic department. Observed by the rules on Foreign Invested Enterprises, the local authority office is to grant an approval. If granted, the local authority is to issue a certificate for the wholly foreign-owned enterprise. The license and registration are proceeded with the certificate. When a business license is received, you have to go through relevant registrations, such as opening up a bank account for both Chinese and foreign currencies, customs registration, tax registration, foreign currency registration, business inspection and recruitment procedures. 


Estonia

Estonia

Estonia is a parliamentary representative democratic republic, member-state of the European Union and the NATO. Its capital is Tallinn and its population is 1.3 million. It is a country merely densely populated, developed with high per capita income.

Since 2000 and following tax provisions and modifications, Estonia is characterized as a low corporation tax regime in the European Union. It borders on Finland, Sweden and Russia.

Estonia has many advantages for businesses:

  • Modern and secure bank system
  • Good understanding in English and Russian language
  • Quick company establishment from foreign investors and favorable tax regime and
  • Focal point between Russia and Europe

European residence permits are immediately granted to investors.

Estonia has a zero-tax system for company profits not distributed as dividend.

The tax system of Estonia remains stable despite the monetary crisis.

There is no income tax for corporate profits provided they are distributed so large profits remain non-taxable.

Moreover, concentration of profits may be tax-free in Estonia, which allows investors to collect their profits in an Estonian company and invest them up to a level satisfying him and then sell his shares without being subject to tax.

Advantages of Estonian companies:

  • Offshore invoices recognition
  • Recognition of Intra-Community transactions free of VAT

Please contact us for further information

All discussions and information are provided in strict confidence.


France

  

Private companies in France are either incorporated as a SAS (Société par Actions Simplifiée) or a Sàrl (Société à Résponsibilité Limitée). The SAS is the newer type of company, and is especially used by non-residents.

Among our incorporation servicesare included the following:

  • Company Name search
  • Liaising with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Centre de Formalités des Entreprises
  • Company Books
  • Publication in the Official Journal
  • Commercial Registry fee
  • Stamp duty
  • Appointment of the Directors
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Registration with Tax Authorities
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier

Société par Actions Simplifiée (SAS) or Société à Responsabilité Limitée Company Incorporation (Sàrl)

Elia International Consulting Services in order to incorporate your company in France requires the following:

  • Your suggested company name
  • Registered office of the company
  • Companies objects - a brief description of the intended activities of your company
  • One director and one shareholder is required for a Sàrl
  • The names and addresses of the directors and shareholders
  • Copy of the passports of the directors and shareholders
  • Percentage of the shares belonging to each shareholder.
  • Proof of the deposit of the paid-up capital deposited in a bank account opened in the company name

Incorporating a Sàrl

  • Check your company name with the Institut National de la Propriété Industrielle
  • Due Diligence and drafting of the company documents
  • Bank Account introduction and share capital deposit
  • Company’s incorporation at the court
  • Upon receipt of the Certificate of Incorporation the bank account is activated
  • Liaising with Tax office to activate the VAT number

Authorised and Issued Share Capital

The minimum share capital is €1.

A Sàrl usually adopts a closed structure, so that share transfers only occur between existing shareholders or with the unanimous permission thereof.

The amount chosen is held with the notary, a bank or in a Caisse de Dêpot during the formation of the company.

The share capital is unblocked as soon as the banker receives the Kbis Certificate.

Company Names

Most company name may be selected if they are not already used by another company in the same department, since every department has its own register.

The chosen name will be checked with the Register of the Commercial Courts and the Institut National de la Propriété Industrielle.

  • France is very liberal about which company names are allowed
  • Adding the word France after the company name usually means you are a non-French company
  • Common names, such as Hôtel de la Gare Sàrl, will be repeated several times throughout France
  • A company name check can be carried out free of charge to see if a required name has already been registered
  • We can then reserve your Sàrl name for up to ten days.

Company Director (Gérant)

Only one director is required and directors may be of any nationality.

The legal representative of a Sàrl or a SAS company is called a Gérant,that is to say the equivalent of a director in other countries.

If you wish to appoint a gérant who is not a resident of the EU or an OECD country then they will need state authorisation.

Company Shareholders

Only one shareholder is required. It is not necessary that the shareholders be French, or reside in France.

Registered Office

A company in France must have a Registered Office, we can provide a registered office service in Paris.

French Bank Account

A French bank account is required for the share capital, the bank require a meeting which takes just over an hour.

After this meeting,you will be given details of the temporary share capital deposit account and you can arrange the money transfer. Then, the bank will issue an attestation and along with the signed documents, we will register the company with the Chamber of Commerce.

After the formation of the company the Chamber of Commerce issues a Kbis (Certificate of incorporation) thatis sent to the bank, who will open the business bank account and release the share capital into it.

France Company Formations

Please complete our enquiry form, so we can assist with your company documents requirements.


Georgia

A limited liability company in Georgia is a legal entity formed by up to 50 shareholders and may be established by at least one founder.

The share capital of the limited liability company is divided into shares and the responsibility of each member is limited to the value of his shares. The shares are freely transferable and the members may also leave them as inheritance. If a member of the company owns one single share, that share cannot be sold. At the same time, it is important to know that the entity registered as a limited liability company must add in its trading name the ending “LLC”, the abbreviation available for this legal entity. 

A limited liability company in Georgia can be set up by an individual or by a legal entity. This is the most common business form registered in Georgia due the liability of the shareholders, which is limited to the number of shares they own in the company.

Each limited liability company is based on a charter, where all the internal regulations of the company are stipulated.

The attributions of the general meeting of the shareholders

The highest authority in a limited liability company is the general meeting of the shareholders. The general meeting is usually held every year and can take decisions regarding the beginning and termination of the commercial activitiesof the company, the purchasing or selling of real estate, buying or selling shares, the approval of the annual statements and borrowing money, the request of paying deposits or refunding deposits, naming the directors and approving their reports.

A general meeting may also be appointed by the company’s director. He must send an invitation along with the agenda to all the participants with one week notice. The participants may bring modifications to the agenda in maximum three days after receiving it. The participants at the meeting can take decisions only if the partners with decisional power are attending. If not, another meeting with the same agenda may be appointed. This time, the decisions are taken even if the partners with decisional power are not participating.

A limited liability company established in Georgia may also have a supervisory board, appointed by the general meeting.

The limited liability company’s interests are represented by an appointed director.

How to register a company in Georgia 

The required documents in order to establish a limited liability company in Georgia by registering at the Entrepreneurial Registerare the following:

- the company charter;

- the document stipulating the value of the contributions of each member;

- an application containing: thecompany name, the legal entity – in this case the limited liability company, the address, the business plan, date of starting the business, date of termination of the accounting period, details regarding the founder of the company (name, address, place of birth and the profession), the amount of share capital, documents for naming each member of the supervisory board and management board.

After depositing it, the representatives of the limited liability company must open a bank account. With this last step, the limited liability company may start its commercial activities.

The registration of company in Georgia is performed following the rules and regulations imposed by the Civil Code 1997, the Law on Entrepreneurs 1994 and the Law on Assistance and Guarantees for foreign investments. 

These documents have to be translated into the local language. Moreover, foreign investors interested in setting up a company in Georgia must notarize the documents at a public notary. 

Furthermore, the documents have to be legalized in the country in which the foreign shareholders are residents, in accordance with the provisions set up by The Hague Convention. 

So as to register a limited liability company you must know that youmust be present in the country during the incorporation procedure, for legal matters concerning the notarial aspect or to submit the requested documents at relevant authorities. 

Another important aspect refers to the duration of the incorporation process. Businessmen should know that the procedure can be performed in maximum a week.

Key facts referring to Georgia 

In Georgia, the standard VAT rate is 18%. 0% VAT rate applies to exports, services of tour operators, electrical power, international shipping activities or transfers of gold to the National Bank of Georgia.

The corporate income tax rate for a business in Georgia is 15%.

In Georgia, dividends distributed by a company are subject to a 5% dividend tax rate, no matter if the dividends are paid to a non-resident entity or an individual.

Local and foreign investors who wish to set up a company in Georgia may contact our specialists in company formation who will offer full assistance for company registration and other additional services.

 

Germany

Germany

Germany's relatively high corporate tax rates, complex tax legislation and high incorporation costs make Germany company formation a less attractive option for national and international entrepreneurs. However, this European economic powerhouse does offer a range of incentives and fiscal concessions to support Germany company formation. The following information will help you in determining whether Germany company formation is the optimum corporate solution to meet your business objectives and goals. 

  1. A German Limited Liability Company (GmbH), the most popular type of Germany company formation, requires only one shareholder and director.
  2. Germany has one of the most developed economies in the world supported by an advanced legal and world-class banking infrastructure.
  3. Germany has signed Double Taxation Treaties with more than 75 countries around the world. These treaties provide relief from withholding tax on dividends, royalties and interest. These agreements of company formation in Germany follow the Organization for Economic development and Cooperation (OECD) model.
  4. The federal government provides a wide range of incentive programmes, including loans and grants, depending on the nature of the company and its intended location. Some areas of Germany offer capital investment grants of up to 50% to small and medium-sized enterprises. Local government incentives may also be offered in the form of beneficial tax rates but these are not usually available in the major cities.
  5. There is an abundant supply of highly skilled and experienced professionals in the most regions of Germany to support our clients' Germany company formation plans.
  6. Germany is positively ranked as the 14th least corrupt country in the world, according to the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
  7. Germany is ranked 7th by the World Economic Forum in their Global Competitiveness Report, one of the world's most comprehensive and respected assessment of countries' competitiveness, offering invaluable insights into the policies, institutions, and factors driving productivity.
  8. The ranking takes into account factors including government efficiency, business efficiency, economic performance and infrastructure.
  9. The index bases its ranking on factors like quality of housing, urban scale as well as amount of crime and the quality of education and healthcare.
  10. After incorporating a company in Germany, We assist entrepreneurs in obtaining Germany employment and residence visas, as well as purchase Germany property.


Ghana

Ghana

A non-Ghanaian who wishes to invest in Ghana must first incorporate a company in Ghana if the investment is not being made in an already existing company. The requirements for the incorporation of a company in Ghana are as follows:

1. REGISTRATION REQUIREMENTS

(a) Every officer of the Company (Directors, Local Manager, Secretary and Auditor, and shareholder) must obtain a Tax Identification Number (TIN). Every officer who resides in Ghana is required to personally send the TIN Forms together with their original ID’s (either Drivers License, Passport or National ID) to the RGD for vetting and approval. Any officer who does not reside in Ghana must have a copy of their ID notarized in the country where they reside. The GRA officers will then process the TIN and send the officer a text message for collection of the TIN.

(b) Name of Company – we will conduct a search at the Companies Registry to ascertain the availability and acceptance of the proposed name of the Company and to reserve it for a maximum of two months.

(c) Objects i.e. purposes for which the company established/business it is going to undertake.

(d) Capital formation

(i) Authorised shares i.e. maximum number of shares the company can issue

(ii) Issued shares i.e. actual number of shares to be issued

(iii) Stated Capital i.e. consideration (in cash or in kind) for shares issued.

(e) Shareholders: full names, postal address, residential address, occupation nationality, age, number of shares to be taken by each shareholder and amount payable in total. If the shareholder is a company, that company’s seal or stamp must be placed in the area of the shareholding details on the last page of the Regulations.

(f) Directors: full names, any former names, residential addresses, Occupation, business addresses, including phone, fax and Email, nationality, age, other directorships.

(g) Secretary – same details as above, save for other directorships/secretaryships.

(h) Auditor – ditto. The auditor must provide an auditors consent letter to be accompanied to the application.

(i) Registered office and principal place of business – postal address and street address

2. TIME FOR COMPLETION OF REGISTRATION PROCESS

It takes on the average about fourteen working days to register a company.

 

3. IMMIGRANT QUOTA/ BUSINESS WORK PERMIT

Under the GIPC Act, every company registered with the centre is entitled to an initial automatic immigrant quota for a specific number of expatriate employees

depending on its paid–up capital. 

4. PRESENCE OF DIRECTORS IN GHANA

Section 189 (1) of the Companies Act, 1963 (Act 179) requires that at least one Director of every company must be present at all times in Ghana.

 


Greece

Greece

Country Profile

The strategic geographical position of Greece, in south-eastern Europe, links Europe with Asia and Africa. Greece is member-state of the EU since 1981 and of the Eurozone since 2001, while it is member of the NATO and a founding member of the United Nations. It holds the 22nd position among the best countries in terms of quality of life.

The pillars of the Greek economy are tourism and shipping that greatly contribute to the GDP and are the main source of exchange. Also, during the last five years there has been significant growth to the economy thanks to the Renewable Energy Sources.

Company Forms

There are two main types of companies incorporated in Greece:

1. Capital based companies

2. Personally owned companies

Capital Companies

1. Anonymous Company S.A. (Société Anonyme S.A.):

• Share capital divided into shares of equal value

• Strict provisions against disclosure, the establishment and subsequent acts

• Long life of the company

• Limited liability of partners / shareholders

• Majority voting

• Allowance for three bodies (General Assembly, Board of Directors, Auditors)

• For the establishment of the SA require notarized document involving lawyers and various administrative authorizations as appropriate.

2. Limited Liability Company E.P.E.:

• Minimum share capital 4.500 € for establishing the company

• Division of capital into shareholdings, consisting of shares with a value multiples of 30 € per share.

• Disclosure requirements for the establishment and subsequent

• Prediction specific duration of the Company’s articles of association, but the relative lack render the statute void.

• Limited liability of partners

• Majority voting of persons and capital

• Existence of two bodies (Assembly of partners and managers)

• Establishing Ltd. requires a notary and lawyer.

3. Private Company I.K.E. is a new form of company in Greece:

• It has certain advantages over other forms of companies

• It is commercial and has legal personality

• It has minimized the administrative operating costs (lawyer, notary and publications)

• Minimum share capital of one Euro

• The shareholding is separated from capital

• Recognize any contribution (capital, labor or guarantor liability)

• It simplifies the relations between partners and operated company

• Flexibility in choice and change shape between a capital and a private company

Personal Company Forms

1. Limited Partnership E.E.:

• Non-requirement to provide the necessary minimum capital

• Existence of general partners and limited partners. General partnerships are responsible for their personal property for unlimited corporate obligations, limited partnership is not only limited to the amount of their contributions to the company.

• The limited partnership may be established and a simple private agreement.

2. Partnership O.E.:

• Non-requirement to provide the necessary minimum capital

• All partners of a partnership are jointly and severally liable with all their personal property for corporate obligations.

• With the dissolution of the company there is no longer personal liability of partners for obligations of the company.

• The general partnership may be established and under private contract.

3. Sole Proprietorship:

• Personal company the sole partner is liable for all the debts of the company with his fortune

• Flexibility in controlling every area and make quick decisions as dependent on a single person

• No minimum capital for establishing the company

• Set up time is minimal

Company Formation

Elia International Consulting Services  will advise you in choosing the most tax-efficient company for your business needs and it shall help you in the formation of all types of Greek companies, providing complete accounting services to support the company after initial formation. Part of our commitment to the customers, we monitor all developments and changes in the tax system in Greece in order to inform and guide clients appropriately on complex local and international tax issues.


India

India

We have developed a high specialization in the field of company formation. We provide company formation services India at affordable price to our clients, which meet the client's requirements and expectations completely. We have a team of highly skilled and experienced professionals, who have expertise and experienced professionals, who have expertise and experience in providing quality company formation services. Our mission is to enhance the customer satisfaction through providing query resolution system.

We also provide company formation, online company formation, international company formation, company incorporation, company formation registration, limited company and offshore company formation services at affordable price, which meets your requirements and expectations. Our Company formation specialist provides in formatting your company in India & across the globe that matches your budget and requirements.

IEC Export Code

A 10 digit code, which is issued to the companies by the Director General of Foreign Trade, Government of India, Ministry of Commerce. It is compulsory for any entity or person to carry with the import and export business.

IEC Import Code

A 10 digit code, which is issued to the companies by the Director General of Foreign Trade, Government of India, Ministry of Commerce. It is mandatory for any entity or person to carry on with the export and import business.

NBFC Registration

NBFC is Non-banking financial company, that is registered under the New Companies Act, 2013 of India and is engaged in the business of loans and advances, acquisition of debentures/shares /stock/bonds/securities issued by government or local authority or other securities of like marketable nature, leasing, hire-purchase, insurance business, chit business, but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase/sale/ construction of immovable property.

NBFC requires compulsory FCRA registration with the Reserve Bank to carry on the financial business as the case may be. NBFC is incorporated before January 9, 1997 to apply for such a Certificate of Registration within six months ending on July 8, 1997 to enable them to carry on their business of financial nature. After January 9, 1997 NBCFs are not allowed to commence the business of financial activities without obtaining a Certificate of Registration from the Reserve Bank. The auditors of all NBFCs are compulsory to report directly to the Reserve Bank the non-compliance by any company of the above statutory provisions. We offer NBFC registration services, NBFC registration procedure and NBFC requirements at affordable price to our clients, which meet the client's requirements and expectations completely. We have a team of highly skilled and experienced professionals, who have expertise and experience in solving all types of NBFC issues and client's queries completely and easily.

STPI Registration

We offer STPI registration services at affordable price to our clients, which meet the client's requirements and expectations completely. We have a team of highly skilled and experienced professionals, who can help you in offering high quality of STPI registration services and query resolution system. We help our associates with all the records, which are needed and maintained under different acts. We help our global customers to register with STPI through our easy and affordable STPI registration procedure. Our STPI registration services help our customers in filing each data accurately for the registration purpose.

We provide STPI registration services at affordable price meeting the business's requirements and expectations completely:

  • Assistance on various provisions, regulations, terms and conditions for registration of unit under STPl or SEZ or development of SEZ.
  • Filing of application to Software Technology Parks of India (STPI) to set up
  • Export Oriented Unit (EOU) or development as SEZ or SEZ unit.
  • Preparation of reports and documents to be filed with the prescribed authorities in connection with the registration.
  • Representation before the competent authorities in connection with the compliances of regulations and provisions and obtaining the relevant registration or approval.

Advice and Assistances on implementation of terms or conditions of approval and on procedural matters in connection with the establishment of such units or SEZ as such.

FCRA Registration

We provide FCRA registration services at affordable price to our clients, which meet the client's requirements and expectations completely. We have a team of highly skilled and experienced professionals, who have expertise and experience in solving all types of fcra issues and client's queries completely and easily. Our fee is very fair and practical and therefore the clients entrust their cases to us and expect satisfactory service with an excellent cost to performance ratio. We also offer online services for Fcra, Fcra Registrations, FCRA Registration for NGO, fcra registration procedure.

FCRA Registration Services

Application for FCRA registration under FCRA can be filed any time after registration of the organization, but the organization with a considerable past history of activities has a greater chance of convincing the FCRA authorities with regard to genuineness and the relevance of their purpose. Organizations desirous of registering themselves with the FCRA department are needed to apply in form FC 8 along with various documents. The FCRA department may ask the intelligence bureau for a report on which FCRA department decides whether to accept or reject the FCRA registration application. The FCRA department issues a registration certificate and offers a permanent registration number, which is required to be quoted in all future correspondence and filing of returns and forms. Under certain circumstances application for registration will be refused if it affects the sovereignty and integrity of India.

Italy

The company formation in Italy needs about 15 days. In Italy, there are not ready-made companies, as the public deed of incorporation (atto constitutive) and the articles of association are prepared and signed before a notary public in person by the shareholders or their authorised representatives.

Italy S.r.l. Company Formation

  • Reserving your Company Name
  • Liaise with the local registrar and relevant authorities
  • Structuring the company in accordance with your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the RegistrodelleImprese at the local Chamber of Commerce
  • Appoint the Directors
  • Minutes appointing first Directors
  • Preparation of the first minutes of Board Meeting
  • Notary Public fees
  • Intercommunity code for VAT purposes
  • Register your company with the Chamber of Commerce
  • Publication in Legal Gazette
  • Obtaining Fiscal code
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Legalisation of the mandatory corporate books
  • Registration tax
  • Obtaining director's tax code
  • Delivery of documents by FedEx / DHL courier

Incorporating your Srl

Our suggestion is to pay a visit to Italy to complete all formalities required for your company formation. We will organize all meetings for you and you will only need 24 hours in Italy if coming from abroad to meet with notary public, accountants and banks so you save time.

However, it is possible to be represented –via a power of attorney certified with an apostille, and we will represent you as founder and/or shareholder before the notary public.

Directors

Only one director is required for a SRL company. All directors need a fiscal number (codicefiscale) and they must hold an EU passport.

Shareholders

  • Only one shareholder is required. In case of one shareholder, the Srl name will be followed by 'SocietàUninominale' in its title and liability will be deemed to be unlimited.
  • It is strongly advised that your company has two or more shareholders
  • Only 25% share capital needs to be deposited before incorporation with two or more shareholders
  • Shareholders must have a fiscal number; whether they are an individual or a corporation
  • We can obtain your fiscal number as part of the standard incorporation price
  • A shareholder can be an individual or a corporation

Registered Office

Under the Italian legislation, every company has to provide an official registered office where company records and official documents are kept. This is the address where your company will be registered.

Key Features of an Italian Srl

  • Your Srl may be owned by one or more shareholders
  • No restrictions on foreign shareholders
  • A sole shareholder must pay up the full capital
  • Only 25% share capital needs to deposited before incorporation with two or more shareholders

 

Requirements for Incorporation of a Limited Liability Company

The following are required for the purpose of incorporation of a Limited Liability Company:

  • It may be owned by more shareholders or by a sole shareholder
  • The shareholders' contributions must be in cash, unless otherwise provided
  • The deed of incorporation must be made before a notary public

Procedure for the Incorporation of Limited Liability Company

The Deed of Incorporation of an S.r.l. includes a Certificate of Incorporation and the Articles of Association.

  • All data identifying each shareholder and the part of capital subscribed by each of them
  • The company name and the address of the registered office
  • A complete description of the objects of the company
  • The share capital
  • Names of those entitled to represent the company

 

Tax Registration

In general, both the foreign shareholders and their legal representatives shall elect tax domicile in Italy and shall apply for a fiscal code in Italy (codicefiscale). The fiscal code in Italy functions in many respects as an ID Number of a Social Security Number.

Newly Incorporated Company

After execution of the deed of incorporation before the Notary Public:

  • the newly incorporated company shall submit the application for registration with the Register of Enterprises within 30 days from the date of the incorporation
  • the Register of Enterprises will inform all the other authorities regarding the fiscal code and VAT number, as well as fulfilment of all the other tax and social security obligations
  • the newly incorporated company is entitled to start its activity upon receipt of the confirmation of the registration
  • all the administrative authorities will send to the company and to the Register of Enterprises all information requested within 7 days from the application.

Società a responsabilità limitata semplificata (S.r.l.s)

It has been recently introduced in Italy a new form of company, called S.r.l.s. This structure is a simplified version of the standard S.r.l and is designed for small company incorporations, providing a cheaper incorporation option due to no notary fees. There are certain restrictions placed upon S.r.l.s companies.

S.r.l.s restrictions

  • Share capital must not exceed €9,999
  • Must adopt standard Memorandum & Articles of Association
  • Shareholders must be physical persons


Japan

Japan

In starting a business in Japan, a businessman should select a type of business form that is most appropriate for his particular business. In determining the form in which to organize his business, the prospective businessman should consider numerous factors in the selection procedure:- The need of limited liability for shareholders in corporations and limited partners in limited partnerships, the differences in income tax treatment of corporations and partnerships, and various costs and complexities of creating and operating corporations and limited partnerships. In Japan, there are many options in selecting a business organization form which are proscribed in the Commercial Code of Japan (sho-ho) and related laws.

Japan is positively ranked as the world's 19th freest economy in the Heritage Foundation's 2010 Index of Economic Freedom, a measure of freedom enjoyed in business, financial, trade, monetary, investment and labour markets. Entrepreneurs investing in Japan should note that a minimum of one director and one shareholder is required to complete Japan company formation. Neither shareholder nor director need be resident in Japan but a resident company representative is required. We provide company incorporation services in Japan at affordable price to our global clients, which suits your needs and budgets. We cover all the needs of our global clients from beginning company formation to company registration. We have a team of highly skilled and experienced professionals, who have expertise and experience in solving all types of company formation issues with a team of highly skilled and experienced professionals completely and easily. Our professionals have skill and extensive knowledge to handle the global client's projects completely. We also provide online company formation services at affordable price, which meet the client's requirements and expectations completely.


Kenya

Kenya

We provide company incorporation services in Kenya at affordable price to our global clients, which suits your needs and budgets. We cover all the needs of our global clients from beginning company formation to company registration. We have a team of highly skilled and experienced professionals, who have expertise and experience in solving all types of company formation issues with a team of highly skilled and experienced professionals completely and easily. Our professionals have skill and extensive knowledge to handle the global client's projects completely. We also provide online company formation services at affordable price, which meet the client's requirements and expectations completely.


Kuwait

The company incorporation in Kuwait is a tax-efficient way for international businesses to legally conduct business in oil-rich Kuwait and throughout the Gulf Cooperation Council (GCC). The following required and relevant information will help you in determining whether Kuwait company formation is the optimum corporate structure to fulfill your international business objectives and goals.

Company Formation Procedure

  1. A Kuwaiti company is often given preference when bidding for some government tenders.
  2. A Kuwaiti company is legally tax-exempt if properly structured.
  3. Kuwait company formation allows 100% foreign ownership. However, a minimum of two shareholders is needed.
  4. Kuwait is the main key member of the Organization of the Petroleum Exporting Countries (OPEC). Oil accounts for around 50% of Kuwait's gross domestic product (GDP). Several investors choose Kuwait company formation to tap opportunities in the booming oil sector.
  5. Some contractors and businessmen choose Kuwait company formation as the ideal gateway into neighbouring Iraq.
  6. We can open a corporate bank account in Kuwait with one of the world's leading retail banks, including HSBC and Citibank, or internationally to support Kuwait company formation.


Latvia

 

Offered services:

  • Company Formation in Latvia, European Union
  • A dedicated client relationship manager
  • EU company with 15% corporate income tax
  • Guaranteed bank account, including e-Banking and credit card

Company information:

  • Latvia Company Features
  • Fee Schedule
  • Jurisdiction Comparison Chart

The Baltic state of Latvia is quickly making the most of its EU membership. Corporate tax is fixed at 15%, one of the lowest in the EU. As the country is at the crossroads of northern and eastern Europe, Latvia can be an effective tool for trade between Western and Eastern European countries.

Limited Liability Companies in Latvia (SIA) are privately owned Limited Companies with one or more persons or corporate bodies members of any legal jurisdiction.

Main advantages:

  • High reputation
  • EU company
  • 15% corporate income tax, one of the lowest in the EU
  • Minimum capital payable upon incorporation: 2,800 EUR

Bookkeeping and filing accounts required.

 


Mexico

Mexico

To set up a business in Mexico, you will probably need to hire a highly skilled and experienced attorney and/or an accountant, who will be able to guide you through the process and help you determine the best corporate, accounting and tax structure for your company.

We provide company incorporation services in Mexico at affordable price, which meet the client's requirements and expectations completely. We have a team of highly skilled and experienced professionals, who have expertise and experience in solving all types of company formation issues and client's queries completely and easily. We will organize everything that is necessary for incorporating your company in Mexico. We also provide Company formation guidance and advice on starting a business in Mexico.


Netherlands

Only one director and one shareholder, of any nationality, are required for the incorporation of a Dutch company.

The B.V. (beslotenvennootschap met beperkteaansprakelijkheid) is the legal entity with limited liability most used for business in Holland.

The notary public executes the deed of incorporation, which also contains the amounts of issued and paid-up share capital and the names of the shareholders and directors.

Our standard Netherlands Company incorporation package includes all necessary documents.

  • Time –about 5 to 7 days to incorporate your company
  • Directors - only one director of any nationality is required for your BV company
  • Shareholders - only one shareholder is required, of any nationality
  • Share Capital - there are no minimum share capital requirement
  • Tax - an excellent network of tax treaties
  • A BV does not require a Supervisory Board, as long as it employs less than 100 workers in the Netherlands
  • Support - we guide you throughout every step of the company formation process

Registration of companies and legal entities is mandatory under the Netherlands Commercial Registers Act [Handelsregisterwet]. The information that you provide during registration is entered into the Netherlands commercial register.

Netherlands BV Company Formation

  • Approval of company name by the Chamber of Commerce
  • Structuring the company according to your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Dutch Chamber of Commerce
  • Notarial Costs
  • Appoint the Directors
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Production of Shareholders register
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier

Netherlands Company Name

Your company name may be in any language using the Latin alphabet. A request for a Dutch or English translation may be made by the Registry to ensure your name abides by the regulations. Certain words are prohibited such as names suggesting the patronage of any Government or country.

Company Directors and Shareholders

  • The names of directors and shareholders are filed at the companies registry
  • Only one director is required and may be of any nationality
  • One shareholder is required (can be the director) and may be of any nationality
  • The shareholders of the company can be either corporations or individuals

A sole shareholder’s name will become a matter of public record, however, if more than one shareholder is appointed the details regarding the identity of the individual shareholders are kept private.

Shares

Shares in a B.V. may only be transferred by deed of transfer, executed before a Dutch Notary Public. The BV must keep a shareholders’ register, which lists the names and addresses of all shareholders, the number of shares they hold and the paid-up.

Chamber of Commerce Number

We shall enter the company in the commercial register at the local Chamber of Commerce and obtain your registration number. Membership at the local chamber of commerce is mandatory, and fees depend on the number of your employees.

Company Incorporation Documents

Once incorporated we provide a set of corporate documents for your Netherlands company: Certificate of Incorporation, Memorandum of Association the Articles of Association, first minutes and share certificates. Copies of the company incorporation documents are sent via email and the originals are sent to you in a corporate folder.

Registered Office


Poland

Over than 21,000 foreign companies  were registered  in Poland In 2008. We can say Poland is a rather flourishing Economy country.

A businessmen who decides to invest in Poland usually choose a Sp. z o.o. (Limited Liability Company) as the sturture most suited for their business purposes. Like in many countries  this type of business structure is the most popular in Poland. As a particularity, the incorporation of a SP.z.o.o requires a minimum share capital of 5000 PLN, divided into non-transferable shares. At least one shareholder, one director and a registered office are necessary for company formation in Poland. The liability of its members is limited by their contribution to the capital.

A businessmen who decides to invest and open a comapny in Poland usually choose a Sp. z o.o. (Limited Liability Company) as the structure most suited for their business purposes. Like in many countries this type of business structure is the most popular in Poland. As a big advantage, the incorporation of a SP.z.o.o requires a minimum share capital of 5000 PLN, divided into non-transferable shares. At least one shareholder, one director and a registered office are necessary for company formation in Poland. The liability of its members is limited by their contribution to the capital.

If the investors have a higher capital and want a business that can increase its capital by registering its shares at the Stock Market, they can incorporate a Polish S.A. (Spolkaakcyjna - Joint-Stock Company).  The liability of its members is limited by the contribution to the capital.

Another type is the partnerships where it is compulsory for at least two persons to join in order to set it up. There are several types of partnerships in Poland such as the general partnership and the limited partnerships (formed by a general partner and a silent partner who has to deliver capital and has his/her liability limited by that contribution).

The incorporation Procedure in Poland

One director and one shareholder is needed for starting a company in Poland and it is compulsory to have a registered office for the respective company.

The registration in Poland can be performed by a legal representative who is appointed by power of attorney.

A bank account is necessary before starting the process where the initial capital is deposited. Very helpful might be the investor to find a bank In his own country that can help him open a bank account at the Central Polish Bank without the necessity to travel to Poland.

After preparing the above procedures, the investors are invited to register at the National Court Register and then register for tax filling system. The last registration is required in order to obtain a tax identification number, the NIP and benefit from. Our Polish company formation specialists can provide consultancy related to the corporate tax and dividend tax paid by businesses in this country.

If the company performs activities in a field that is subject to VAT, then the VAT is necessary. The certificates documents for company registration for taxes in Poland are the articles of association, or the company charter, the statistical number, the REGON certificate, an excerpt from the  National Court Register and the bank certificate.

After obtaining the NIP, the entrepreneur must register at the Social Insurance Institution and at the National Labor Inspectorate. The Chief Sanitary Inspectorate has to be notified regarding the incorporation of the company in Poland by submitting a notification containing the type, objectives and address of the newly formed business.

After company registration in Poland, the business is free to begin its activity. In this case, hiring employees might be necessary, therefore a newly set up company in Poland can recruit personnel through specialized websites or recruitment agencies.

Romania

Romania

Main form of legal persons governed by private law are:

  • P.F.A. | PersoanăFizicăAutorizată–Self-employed person.
  • S.R.L. | Societate cu RăspundereLimitată – Private Limited Company
  • S.A. | Societate pe Acţiuni–Sociétés Anonymes

Foreign investors are interested in S.R.L. and S.A. companies, that is to say Private Limited Companies and Sociétés Anonymes.These two forms of companies have significant differences among which:

Element

S.R.L.

S.A.

Shareholder’s exclusion

Yes

No

Number of shareholders

1-50

2+

Dissolution

Even one shareholder may block the procedure

The majority has the absolute right of dissolution

The usual form in Romania is S.R.L. and big multinational companies, e.g. IBM Romania (about 47 million profit, 1,500 employees), Hewlett-Packard HP Romania (about 19 million profit, 430 employees) etc.

SRL – Private Limited Company | Establishment Process

Thesetting-up process of a Private Limited Company in its basic form and essentially in general is carried out by only two state services:

Α. Commercial Register

  • Investigationandregistration of the corporate name.
  • Approval of the seat.
  • Approval of the shareholders and the managers.
  • Submission of all supporting documents and final approval of the establishment of the company.

Upon approval of the establishment by the Register of Companies, the new company shall receive a VAT Number and a Registration Number, so as to proceed to the following steps to the Tax Authorities.

B. Tax Authorities

  • Registration and submission to VAT regime.
  • Registration and submission to the European system of intra-Community Transactions VIES.

The process in detail step by step:

1st Step

Selection of 3 corporate names for the company, which shall be submitted to the Register of Companies so as the first to be approved.

2nd Step

  1. Signature of rental contract for the office.
  2. Deposit of share capital at the bank in the name of the company to be established.
  3. Drawing up of the company’s articles of association that will include all details of the shareholders, their powers, their responsibilities, the operating procedures and the codes of activities, main and secondary, in accordance with the official list (CODE CAEN) of Romania.
  4. Various certificates and statements (e.g. solemn declaration regarding any debts of the manager and legal persons in Romania) and simple copies of the identity cards or passports of the shareholders.
  5. Submission of the file to the Register of Companies.

3rd Step

  1. Receipt of the approval of the establishment from the Register of Companies within 1-2 working days.
  2. Receiptof the official establishment certificate with the company’s VAT number and the Register Number from the Commercial Register.
  3. Activation of the bank accounts in LEI & Euro or in other currency.
  4. Preparation of the file for the submission in VAT regime.

4th Step

Submission of application for fiscal activation along with application for submission to VAT regime (the process is in detail described below).

5th Step

If the application for submission to VAT regime is approved, then it is entered into VIES; approval requires 1-3 working days.

Due to changes to the law for the inclusion in VAT regime, the process may last from 4 to 30 days, as the case may be.

VAT regime and the new process

In accordance with RomanianTax Code a S.R.L. may have VAT regime or not. Any companies not included in VAT regime, shall not charge tax in their invoices for their services and the tax shall not be deducted from their expenses’ invoices.


Russia

Company Incorporation in Russia is a legal way for foreign entrepreneurs to conduct business in Russia. The country's economy is growing rapidly and expanding widely despite the presence of heavy government control. Company Formation in Russia is also time consuming, requiring in-depth knowledge of local regulations, which frequently change. Therefore, clients choosing Russia company formation should prepare for lengthy documentation procedures. 

We provide company formation services in Russia at affordable price to our global clients, which meet the client's requirements and expectations completely. We have a team of highly skilled and experienced professionals, who have expertise and experience in solving the all types of company formations issues and client's queries completely and easily. Our mission is to enhance the customer satisfaction through providing quality company formation services in Russia with a high skilled and experienced team.


Scotland

 

Offered services:

  • Company Formation in Scotland, United Kingdom
  • A dedicated client relationship manager
  • EU company with 0% tax and highest confidentiality
  • Guaranteed bank account, including e-Banking and credit card

Company information:

  • Scotland LP Company Features
  • Companies Act
  • Fee Schedule
  • Jurisdiction Comparison Chart

A Scotland LP company is a privately owned Limited Partnership with two or more persons or corporate bodies being the Partners/Members of the LP, which can be from any legal jurisdiction worldwide.

A Scotland LP without business activities in the UK is not subject to tax in the United Kingdom. The income of the Scotland LP is treated as being the income of its Members, and therefore taxable in the Member’s countries of residence or the country of incorporation.

The company formation in the United Kingdom allows you to benefit from the high reputation of the Empire, but still offers you high confidentiality and 0 % taxation due to an offshore company as partner of your Scotland LP.

The main advantages:

  • High reputation of the United Kingdom
  • EU company
  • 0% taxes on company profits
  • Minimum capital, which must be paid on incorporation – only 2 GBP

Bookkeeping and filing accounts is required.

Serbia

Starting a bussiness in Serbia  the investors must be aware of the types of companies they must open here.

Just like in any other European country, the investors who want to start a company in Serbia may choose any suitable form of business they want in Serbia. There are the limited liability companies, private (d.o.o) or public (a.d) and partnerships, general (o.d) or limited (k.d).

Companies in Serbia can be private or public, while the partnerships can be general or limited.

The Serbian Limited Liability Company (d.o.o.) is a  form of business where all the members have a limited liability.  The minimum share capital of 500 EUR must be provided by the founders  and this type of entity cannot be formed by more than 50 shareholders. The general meeting of the shareholder  isresponsiblefor the major decisions of the Serbian D.O.O and there taken by while the daily decisions and the strict control on the follow of the articles of association are made by a director appointed by it.

In case that founders have a higher amount of money to invest in a business, they can incorporate a Serbian joint stock company (A.D). In Serbia we find two types off joint stock companies: the closed joint stock companies or an open joint stock company. Only the stocks of the open joint stock company can be registered at the Stock Market in order to increase the capital. The major decisions are also taken by the general meeting of the shareholders while the daily decisions are taken by a board of directors, supervised by a Supervisory board.

For the Serbian general partnership needs  two or more individuals or corporate bodies united under a partnership agreement and with a personality not separated from the one of the entity. No minimum share capital is necessary to run this business and the capital is usually stipulated in the partnership agreement. All the major decisions are taken by all the members and in case of liquidation and there is no protection for the personal assets of the members.

A Serbian limited partnership is similar with the above type of partnership, but is has two types of member: a member with unlimited rights and liabilities in the entity called general partners and at least one partner with rights and liabilities limited by the contribution at the partnership’s capital.

Incorporation Procedure in Serbia

Very important action is the Preliminary actions.  A Serbian legal entity is based on the constitutive documents called articles of association which contains all the internal regulations and entity details. The founders must work out  these documents and must make sure that the  name they had cooseis not already used by another company. The articles of association or the partnership agreement must contain the address of the head office, the main activities and objectives of the entity and the initial capital contribution (kept in a temporary bank account).

Actual registration. The first step before any commercial activity is the registration at Serbia. The incorporation is made by submitting an application via e-mail or by visiting the SCR. The founder must fill the application for registration found on the Business Registration Agency web site.

Alongside the registration certificate issued by the Serbian Business Registration Agency, the founder will also obtain a registration number and code of Republic Statistical Agency (RSA) a registration certificates from the pension fund (PIO fund) and one from the Health fund.

Serbia has a strategic position in the centre of the Balkansand it has a very encouraging market strategy and also has the smallest corporate tax rate all over the Europe.Serbian workforce is highly educated but despite this, it has a low cost.

Special measures are taken to encourage the investors who want to start companies in Serbia like the special treatment granted for the entrepreneurs that invest in fixed assets, with a capital amount above 8 mil. Euros and hire more than 100 employees through the investment period. These companies are not paying the Corporate Income Tax for a period of 10 years.  Double Taxation Treaties are signed with more than 50 countries.

Singapore

Singapore

We are a professional services firm in Singapore. We have a team of highly skilled and experienced professional accountants providing a full range of accounting outsourcing, tax compliance, auditing, bookkeeping, corporate secretarial, company formation, Singapore incorporation, tax filing, internal audit, payroll outsourcing, payable outsourcing and other business advisory services in Singapore. With our team of professionals, we are best placed to add value to our clients' business at a reasonable cost. Our company formation services culture combined with our growing knowledge translates into innovative solutions to help promote the growth of your business. 


The procedure of a Singapore company formation is as following:

  1. Approval of preferred name ( 2 working days)
  2. An application form to be filled in, signed and scanned containing information about a preferred name, details of directors and shareholders of a Singapore company
  3. A valuable owner declaration and to be filled in, signed, scanned and send to us.
  4. We issue an invoice for a Singapore company incorporation.
  5. The copy of the passport, consent to act as director letter, signed by the shareholder M&AA have to be certify by notary and send us the originals
  6. Clear scan copy of residence proof.
  7. Upon receipt of money on our bank account for Singapore company incorporation, we start an incorporation process in Singapore. It takes up to 5 working days to complete a Singapore company registration
  8. The following process of legalization takes up to 7 working days and up to 5 working days for a courier delivery


Sweden

Sweden - AB Company - 2-3 weeks

  • Reserving your Company Name
  • Liaising with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Companies Registry
  • Appoint the Directors
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier

Company Name

We will check the availability of the suggested company name with the Swedish Companies Registration Office - Bolagsverket. Registration will result in a registration number and your limited company name will be protected throughout Sweden.

 

Company Directors

Swedish companies are required to have a Swedish director to accept service of legal documents and we can supply this service for you.

Documents and Information

To start incorporating your Swedish company we require the following:

  • Your suggested company name
  • The Director/s full name, date of birth, address and nationality
  • The Shareholder/s full name and address

Documents you are required to provide:

  • Passport or national identity card, photographic driving licence
  • Proof of residential address. Gas/electricity bill or credit/debit card bank statement dated within the last 3 months

For the establishment of an AB company, personal details of the shareholders and the auditor are required. An auditor can be recommended if necessary and is only required if the company has more than 3 employees.


United Kingdom

We provide UK company formation services at affordable price to our clients, which meet the client's requirements and expectations completely. Our company formation services include company formation, online company formation, company registration, online company registration, national company formation and international company formation services, which suit the client's needs and budgets. We have a team of highly skilled and experienced professionals, who have expertise and experience in solving all types of company formation issues and client's queries completely and easily. We also provide a fast online company formation services for company formation in UK.


United Kingdom - Limited

We provide UK limited company incorporation services at affordable price to our clients, which meet the client's requirements and expectations completely. We have a team of highly skilled and experienced professionals, who have expertise and experience in solving all types of company formation issues and client's queries completely and easily. Our company formation services include company formation, online company formation, company registration, national company formation and international company formation services. Limited company formation in UK is provided by us with a fast and efficient company formation services online system.


USA Delaware

There are two company structures offered in Delaware are the Corporation (Inc) or the Limited Liability Company (LLC).

More than a million corporations have been incorporated in Delaware and more than 50% of all U.S. publicly-traded companies. Delaware provides modern and flexible corporate laws, a respected Court of Chancery and a business- friendly State Government to businesses.

Delaware Key points

  • Time - only about 3 days to incorporate your company
  • Directors - only one director of any nationality is required
  • Shareholders - only one shareholder of any nationality is required
  • Share Capital - no minimum capital requirements
  • Tax - companies that conduct no business in Delaware are not subject to state income tax

Delaware LLC Company Formation

  • Reserving your Company Name
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Delaware Division of Corporations
  • Appoint the Directors
  • Preparation of the minutes of first Board Meeting
  • State registration fee
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier

Our Corporate Administrative service includes:

  • Provision of the Registered Office and Registered Agent in Delaware
  • Compliance with local domicile requirements

LLC's with non-resident shareholders and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return.

Advantages of incorporating in Delaware

  • The reputation of the local courts of reaching reasonable and fair conclusions when construing the corporation laws
  • No minimum capital requirement
  • Νo corporation income taxfor companies doing business outside of Delaware
  • Delaware has no sales tax, personal property tax, or intangible property tax on corporations
  • A corporation may keep all its books and records outside of Delaware
  • The principal place of business can be outside of the State of Delaware
  • Delaware's corporation law is for the protection of the rights of shareholders
  • It is not a requirement to be a US citizen or resident
  • You do not have to visit Delaware when incorporating your company

Company Name

  • The Delaware Division of Corporations allows for the reservation of a company name for 60 days.
  • A LLC company name will need to end with LLC, L.L.C or Limited Liability Company.
  • A Corporation company name will need to end with Corporation, Company, Incorporated, Limited or the abbreviation: Co., Corp., Inc., or Ltd.

Directors

Only one director is required, of any nationality.

Shareholders

Only one shareholder required, of any nationality and they may reside anywhere.

Registered Agent & Registered Office

Section 5.01 of the Act says that "..each corporation must continuously maintain .. (1) a Registered Office ... and (2) a Registered Agent. "Failure to maintain a Registered Agent results in the loss of the Good Standing of the corporation with the state. This affects your ability to do business in the state, can result in corporate contracts being deemed void and possibly result in personal penalties or fines on the officers and directors of the corporation.

Therefore, all companies shall have a registered office from where their services can be offered and all official communication shall be sent (annual reports, tax notices etc.). Moreover, Delaware law requires that every company have a Registered Agent in the State of Delaware, individual resident or business that is authorised to do business in the State of Delaware.If the business is physically located in Delaware, then the business may act as its own registered agent.

As your Registered Agent we will provide:

The handling of Service of Process which includes the acceptance of documents on your company’s behalf and recording the documents in your company file, as well as the scanning of the documents and making them available for you by email.

Business Monitoring Alerts

This service shall include prompt delivery of any official documents and tax notices received from the Secretary of State and/or Department of State for your company.

We inform you by email of upcoming deadlines and events, meetings or filings required by Delaware to help you stay in compliance with state regulation.

Documents and Information

The following are required to incorporate your Delaware company:

  • The Director/s full name, date of birth, address and nationality
  • The Shareholder/s full name and address
  • Your chosen company name
  • Nature of business 

Delaware Corp or LLC Company Formation - 4 days

  • Reserving your Company Name
  • Contact the local registrar and relevant authorities
  • Structuring the company according to your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Companies Registry
  • Appoint the Directors
  • Minutes appointing first Directors
  • Preparation of the first minutes of Board Meeting
  • State registration fee
  • Certificate of Incorporation
  • Registered Office & Registered Agent
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier

Our Corporate Administrative service includes the provision of the Registered Office and Registered Agent in Delaware and all compliance with local domicile requirements.

USA Florida

  • Time - only 4 days to incorporate your company
  • Directors - only one director, of any nationality, is required
  • Shareholders - only one shareholder, of any nationality, is necessary
  • Share Capital - there is no minimum capital requirement
  • Support - using our experience we guide you throughout every step of the company formation process

Florida LLC Company Formation

  • Reserving your Company Name
  • Structuring the company according to your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Florida Division of Corporations
  • Appoint the Directors
  • State Registration
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier

Our Corporate Administrative service includes the provision of the Registered Office and Registered Agent in Florida (for 18 months) and the compliance with local domicile requirement

Company Name

We can check your proposed company name online in a few minutes.

Company names must end with 'Limited Liability Company', 'Limited Company' or the appropriate abbreviation such as 'LLC' or 'LC'. Certain words such as 'Bank' require approval from the relevant authority to use, they must be approved by the Department of Financial Regulation.

Registered Agent

It is necessary to have a Registered Agent. A Registered Agent is someone with a physical address in Florida who will be responsible for receiving documentation or notice for the Corporation. We can appoint a Registered Agent for you.

Articles of Incorporation

The Articles of Incorporation is a document filed with the Secretary of State to form the corporation. The documents specify information such as the company name, address, registered agent and office, number of authorised shares and Directors details.

Shareholders

There are no restrictions on the ownership of C corporations but with S Corporations the shareholders must be US citizens/residents.

Sole Shareholder, Director and Officer

The Officers of the Corporation are the President or CEO, Vice President, Secretary and Treasurer. The Officers are appointed by the Directors.In Florida, one person can hold all positions.

Annual Government Fee

All companies registered in the State of Florida have to pay an annual corporate fee to the Department of State. This fee should be paid at the same time the company annual report is filed on May 1.

Accounting and Financial Statements

In Florida, there is no requirement to file financial statements with the registry.

Auditing

There are no mandatory auditing requirements for companies incorporated in the State of Florida.

Annual Return

The annual report does not include any company financial information but includes general information such as registered office address and principle business activities.

Timescale to incorporate in Florida

Your application will be submitted to the State of Florida within 24 hours and it normally gets processed within 4 days.

USA Nevada

Companies incorporated in Nevada by non-residents of the USA are operating within America and others are operating entirely outside and have no connection with the US other than the registration of their company.

Non-Resident - Nevada incorporation

The incorporation in Nevada of a Limited Liability Company (LLC) instead of a corporation gives many people the opportunity to achieve pass through taxation or the ability to have their business treated as a non-tax paying entity.

Advantages of Nevada LLC's and Corporations

  • Directors need not be shareholders of a corporation, managers of an Limited Liability Company need not be shareholders.
  • Nevada corporations may purchase, hold, sell or transfer shares of its own stock.
  • Nevada corporations may issue stock for capital, services, personal property or real estate, including leases and options.
  • One person can hold the offices of President, Secretary, Treasurer and be the sole director of a Nevada Corporation. One person can be the sole Member and sole Managing Member of an LLC.
  • ΑCorporation or an LLC can be incorporated by email, fax or telephone and the person incorporating never has to visit the state, even to conduct annual meetings.
  • No Corporate Income Tax paid to the State of Nevada for Corporations.
  • No Minimum Capital Requirements for Corporations, and the capital does not need to be put into a bank account.
  • No Corporation Franchise Tax is paid to the State of Nevada: many states which encourage company formation levy such a tax.
  • Sales tax applies only to products sold within Nevada.

Nevada has no requirement to file any financial information with the Secretary of State and the information that is filedis kept confidential. Annual fees apply and take the form of a fixed state business licence fee and a variable filing fee associated with the annual list.

Accounting and Financial Statements

There is no requirement to file financial statements or any other form of accounting documents. Therefore no financial information is available for public inspection.

Company Documents

Certain company documents and registers must be kept at the registered office in Nevada, such as a register of all shareholders and directors, a copy of the company articles and a copy of the most current operating agreement. A limited liability company is permitted to hold this information at another location management deems appropriate as long as it records the location in which the information shall be held.

There are no auditing requirements for a company registered in the State of Nevada.

Annual Return

In Nevada the annual return takes the form of an Annual List which must be filed no later than the last day of the first month after incorporation and then annually by the last day in the anniversary month in which the company was incorporated. The list contains general company information and no financial information.

An annual filing fee accompanies the annual report and must be paid on the same date as filing.

Nevada Company Formations

  • Time - only 3 days to incorporate your company
  • Directors - only one director of any nationality is necessary
  • Shareholders - only one shareholder of any nationality is required
  • Share Capital - there are no Minimum Capital Requirements
  • Support - using our experience we guide you throughout every step of the company formation process
  • There is no requirement to file accounts or financial statements 

Nevada LLC Company Formation

  • Company name check
  • Preparation of registration forms
  • Filing with the State of Nevada for Corporations
  • Payment of filing fees
  • Certificate of incorporation
  • All documents and certificates supplied in a professional folder
  • State registration fee - fees are based on the value of the total number of authorised shares as stated on the registration form

Our Corporate Administrative service includes the filing of the Initial List of Members/managers and Business License by the end of the next month following formation; the provision of the Registered Office and Registered Agent in Nevada (includes Registered Office for 18 months) and the compliance with local domicile requirements.