Points To Consider While Registering A Company

Starting out a business on your own can be a daunting task full of hurdles including legal formalities, registration and paperwork. However things are a lot simpler now as compared to earlier days when registering a company meant number of papers and forms to fill and file and register and wait for weeks for approval. This laborious process even included a hefty sum as charges for the privilege bestowed.

With the advances in information technology and online services, registering a company has now shifted online and become easier so much so that people can now register their company on their own or can employ the services of a solicitor or a cpa. The procedure to register a company offshore can require furnishing additional papers and might differ depending on the place since the rules and regulations are different depending on the country of registration. Visit http://www.dbhk.com.hk/Register-Company/WFOE.html 

Company registration in British Virgin Islands (bvi)

The rules and requirements for BVI company formation Hong Kong are different considering an offshore company needs to be registered. The main requirement is for an office that is registered in the British Virgin Islands or BVI to help with the company formation process. The next procedure involves selecting a good name for the company that needs to be formed. A name check of companies needs to be carried out to find out if the name decided upon already exists or not. If yes, then a new name needs to be thought of. The company name will have to end with Limited, Incorporated, Corporation, Société Anonyme or abbreviations, such as Ltd., Inc, Corp or S.A. The solicitor company or registration company can reserve a name for ten days with the registry. However, the chosen company name must not be similar or identical to a company name that already exists in the registry.

Key points for companyformation in bvi

• There are a few points that are key for formation of a company, such as: 

• It takes approximately 2-3days to form and incorporate the company. The company can have only one director, irrespective of their nationality. The same applies for shareholders as well. 

• The names of the directorsand shareholders have to be decided before registration of the company. 

• Also, there is no mandatory minimum share capital requirement or any account filing or financial statements requirement when forming a company in bvi. 

• Also the names of the shareholders and director are confidential and do not appear on public records.

Conclusion

The whole process of company formation can seem confusing and time consuming. However, approaching a professional company and employing their services can help guide through the entire company formation process since they have years of experience and expertise for the procedure.

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