Depending on the jurisdiction where you intend to set up your company, it might not be possible as certain documentation and submission processes require the expertise of an advocate.
Types companies
Types companies
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Branch Office
This is an extension of a foreign parent company and not as a separate business entity meaning the profits, losses, liabilities or damages incurred extend to the Foreign parent company.
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Subsidiary Office
This is a form of company incorporated in a jurisdiction with the foreign parent company as its shareholder.
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Representative Office
A representative office is one given as a temporary site for operation and management of business activities it doesn’t have any legal status and, so no profit can be gained. They explore the viability of operating a business in a jurisdiction before making any investment decisions.
Worldwide Company Formation Services FAQs
Worldwide Company Formation Services FAQs
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Is it compulsory to register my company?
Yes, it is compulsory to register your company in a country as this gives you the right or privilege to operate or run that business.
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How much does it cost to register a company?
The cost of registration depends on the form of company and the requirements of that country. The total cost usually start upwards of $400 (depends on the jurisdiction), it includes preparation of legal documents, company registration, payment of all taxes and fees at the time of registration and legal address of the company for a (one) year.
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How long does it take to register a company?
The registration process of a company will depend on the type of company or requirements of the Company Registry.
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What is a company registration number?
The company registration number is a unique number issued when a limited company or limited liability partnership is incorporated by the Company Registry of that jurisdiction.
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Where to get a company registration number?
A company registration number (CRN) is issued by the relevant Company Registry of a particular country after the incorporation of a company.
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How to verify a company registration number?
Our Lawyers get in touch with the relevant ‘Company Registry’, working with them closely to verify the CRN of a company.
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What is company registration certificate?
The company registration certificate is a document from the company government authority of a country that confirms the company legally exists.
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When will I be able to start trading?
A company can begin trading as soon as it is incorporated.
Company Formation Services
Company Formation Services
Law and Trust International provide company registration and formation services in six different continents of the world, they include North America, South America, Europe, Asia, Australia and Africa. An international law firm with offices in Moscow, St. Petersburg, Kazan, Kyiv, London, New York and Nicosia with representatives in 64 countries, successfully operating in more than 135 jurisdictions, working with more than 150 banks and providing services to over 3000 companies around the world. The process of company formation will depend on the jurisdiction where the company is being registered, the registration process, requirements, costs and services in general.
Business in the same region cannot be considered successful without expansion with regards to globalization and development of international trade relations. Entrepreneurs seek to expand their sphere of influence with diversify risks, business expansion in other jurisdictions should be considered as an important tool that does not only allow a company’s position to be consolidated in the international arena but also protects the company from developing competitors.
For these purpose, our lawyers offer the most optimal options for registering or purchasing an already registered company that meets your specific needs. In addition to company formation, compilation of the necessary documents and comprehensive support of transactions, the Law and Trust team provides additional services for the company in compliance with international legislation of the selected country, regardless of the location of the client as documentation processes can be made remotely.
Company Formation: Required Documents
The requirements stated below is not a restricted or complete list of a particular jurisdiction, but are the most general trading company (or new company incorporation) requirements.
They include:
They include:
- Registered address certificate;
- Directors’ certificate;
- Shareholders’ certificate;
- Secretary’s certificate;
- Passport copies of the shareholders (must be notarized);
- Apostille copies of constitutive documents;
- The Memorandum and Articles of Association of the company (must be notarized);
- Excerpts from the first Meeting of the board of directors;
- Company’s chosen name with approval from the Company Registry;
- Bank statement indicating the deposit of the share capital of the business;
- The use of nominee service is allowed.
Company Formation Procedure: How to Legally Register a Company
Step 1. Law and Trust works with the client to get the company’s name and activity approval from the Company Registry of the selected country;
Step 2. Law and Trust with the client to secure the Memorandum of Association (MOA);
Step 3. Law and Trust collects, prepares and files the necessary incorporation documents on behalf of the client to the relevant authorities for approval;
Step 4. Law and Trust works with the client to open a corporate bank account in the selected country;
Step 5. Law and Trust delivers the certificate of incorporation personally to the client or via courier service.
Limited Company
Limited Company
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What Is A Private Limited Company?
A private limited company is a type of Limited liability company, whose shares are held by less than fifty (50) persons. These shares are not available to the general public. Most businesses that are privately incorporated are private limited companies. The shareholders of a private limited company can be individuals or a group of individuals, private limited companies usually end with the name ‘Private Limited’ or ‘Ltd’.
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What Is A Public Limited Company?
A public limited company or a public company is a type of limited liability company that offers its shares to the general public. A public limited company must have a minimum of fifty (50) shareholders. A public limited company are mostly on the stock exchange.
Features of Limited Company Establishment
Features of Limited Company Establishment
- A certain amount for the authorized capital. 50% of the total amount must be paid at the time of registration;
- The companies can have shareholders whose liability is limited by shares in the capital of the established company;
- Status and residency of the shareholders do not matter;
- Shares cannot be put on public sale;
- Even one director - a legal entity - can run the company;
- Company with a capital exceeding a particular amount will be required to elect a supervisory board in most cases.
What is a Limited Liability Partnership?
What is a Limited Liability Partnership?
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The Limited liability Partnership must maintain a list of members with stake (beneficiaries) in the company and must deliver this information to the authorities of the jurisdiction. LLP is a combination of the traditional partnership and a limited company. The LLP structure is mainly used for international trade. An LLP will still need to file annual accounts, annual return, annual zero tax return (a tax accountant is recommended) and an audit (not mandatory). LLP are taxed as partnerships where the profits and losses from the business must be reported on the partners' personal income taxes. LLP must have at least two partners.
Advantages of Forming an LLC (limited liability company)
Advantages of Forming an LLC (limited liability company)
- The structure of LLP are more flexible to organize;
- No limit on the number of partners in LLP;
- Raising and utilizing funds of an LLP solely depends on the partners (guided according to certain jurisdiction codes);
- LLPs are exempted from Dividend Distribution Tax (DDT);
- Professionals like engineers, chartered accountant, lawyers and doctors may prefer this form of business partnership;
- No requirement of compulsory audit in LLP.
Joint Stock Company
Joint Stock Company
What is a Joint Stock Company?
It is a company where the shareholders own the stock. Joint-stock companies have capital divided into shares that can be owned by both founders and third-parties, this can be done by acquiring shares in the market. In this form of business, the partners or participants are not personally liable for the company’s losses with the entire joint-stock company limited to the value of its assets.
Advantages of Starting a Joint Stock Company.
Shares of the company's stock can be bought and sold by shareholders;
Each shareholder owns company stock in proportion, evident by their shares.
Shareholders are able to transfer their shares to others without any effects to the continued existence of the company.
Certain amount of authorized capital. 30% of the amount should be paid at the time of registration;
The number of shareholders is not limited. Responsibility is defined by shares of shareholders;
Status and residency of the shareholders do not matter;
Registered and bearer shares are allowed, and they can be issued on public sale;
The Board of Directors comprises of about 3-11 members. Legal entities can not be directors;
A supervisory board monitors the activities of the company.
Partnership
A partnership is a formal agreement between two or more (maximum of twenty people) interested parties on operating, managing and sharing the profits or losses of a business.
General Partnership
This is a form of partnership formed by two or more (maximum of twenty people). All profits and liabilities are shared equally. All partners are actively involved in business activities of the company. Partners remit their taxes as Personal income tax in this business structure.
Limited Partnership
This business structure allows for a limited partner and a general partner. The liabilities of limited partners are based on investment (capital or assets) in the partnership but however, they are not capable of being part of the day to day running or managing of the business. It is alternative structure of partnership business to general partnership. A Limited Partnership (LP) is not mandated to deliver a list of its beneficiaries to authorized Company Registry. LP is a traditional partnership with limited liability. It is not a separate legal entity unlike LLP, although, some of its features are incorporated.
Some of the features of partnership include: Amount of minimum capital is not fixed, the capital is distributed evenly among all owners of the shares, partnership is established with a minimum of at least two partners, status and residency of the shareholders do not matter and the transfer of shares to third parties is prohibited without the general meeting’s decision.
Advantages of Setting Up a Partnership
- The structure of this business makes it a little easier to start up and operate.
- Better productivity due to workload share or division of labour.
- The opportunity to offer future key positions in the company is one that can bolster the long term plan for the company.
Sole Proprietorship
Sole proprietorship is an individual structure of business or individual entrepreneurship, it is a type of business that is owned and run by one individual. There is no legal difference between the owner and the business entity - the business is an extension of the owner and therefore makes him/her responsible for any loss, debts or liabilities associated with the company. It is the most popular form of business ownership.
Advantages of Establishing of Sole Proprietorship
- Easy and least expensive structure of business to start up and run.
- Full ownership and decision making of the business;
- A better tax and accounting operation - there is no need to file a tax return as income generated are categorized as personal income tax.
- All profits are a 100% yours.
Non Profit Company (Company Limited by Guarantee)
What is a Non Profit Company?
This form of company structure can be referred to as a company limited by guarantee. It is a public company for non-profit purposes. They are more of trade associations, student unions, charitable organizations, club societies, religious bodies and so on. A company limited by guarantee does not usually have a share capital or shareholders, but instead has members who act as guarantors. Companies limited by guarantee provide personal financial protection to business owners and ideal for non-profit organizations. A company limited by guarantee must have at least one director and one guarantor,
all limited companies must also provide details of a registered office address during the company formation process. Advantages of Starting a Non Profit Company.
A distinct legal entity from its owners responsible for its own debts.
The personal finances of the company’s guarantors are protected. They will only be responsible for paying company debts up to the amount of their guarantees.
'Limited' status builds trust and confidence amongst clients and investors - provides credibility and helps the company achieve its goals and objectives.
Advantages of Starting a Non Profit Company
Advantages of Starting a Non Profit Company
- A distinct legal entity from its owners responsible for its own debts.
- The personal finances of the company’s guarantors are protected. They will only be responsible for paying company debts up to the amount of their guarantees.
- 'Limited' status builds trust and confidence amongst clients and investors - provides credibility and helps the company achieve its goals and objectives.
Why Incorporate with Law&Trust International?
Benefits of worldwide company registration, formation and incorporation service with Law&Trust International include:
- Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services in any jurisdiction of the world. A detailed overview of our services include full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company for a year, production and registration of company stamps and advising the client as part of the registration process. Opening a bank account and the cost of this service are discussed during the consultation.
- Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services and audit, tax planning and optimization, trademark and patent registration, and many more. Law and Trust provides the client with the best company incorporation services.
- Domestic service: Law&Trust ensure our services cover every region, area or state in the chosen jurisdiction. Be rest assured that no matter where the company intends to incorporate in a particular jurisdiction, we’ve got the location covered.
- Free initial advice: Free consultation from the lawyers of L&T International regarding strategies or the provision of services for analyzing and developing legal position on an issue the client raises anywhere in the world.
- Security: L&T makes use of modern technological features to keep the records and details of every client safe.
- Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed.
Ready for Company Registration?
If you are interested in registering and incorporating a company in Europe, Asia, America (North & South), Australia, and Africa, contact Law & Trust International by simply sending an email or call now to take your business to the next level!
Our clients
Our team
Victoria Zhelezova
Branch Director, HR
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Dariia Grib
Legal secretaries & Receptionists
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