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Company incorporation is the legal process of forming a new corporation, including filing the necessary documents with the government, establishing its legal structure, and obtaining the necessary licenses and permits to operate the business”
Setting up a company can be a complex and time-consuming process that often requires the help of a licensed local representative like EM Group. Incorporating a company is not a straightforward process and can vary in complexity depending on the country of registration. It involves registering with local tax and VAT authorities, obtaining a registered address, and fulfilling other requirements that you may not even be aware of initially.
We can handle the entire incorporation process for you so you can focus on your business
OUR SERVICES INCLUDE:
“A company's local presence refers to its physical representation in a particular geographic area, such as a local office or store.”
When registering your company, it's essential to consider the laws of the country you are registering in. You may need to think about the following:
Does the director need to be a local citizen or resident?
Does the company secretary need to be a local citizen or resident?
Is there a regulation about the minimum or maximum number of directors to appoint?
Is there a regulation about the minimum or maximum number of shareholders?
Does the company need to have a local address or rent an office?
Do I need to have local employees? If so, how many?
We are here to help you navigate these considerations and provide the best recommendations for your business.
“A registered address, also known as a registered office, is the official address of a company that is used for receiving formal government correspondence and other important company mail. This address is vital to any business entity's legal and administrative framework.”
Whether your company needs office space or domiciliation services, we have the facilities to provide a registered address.
SHARE CAPITAL IS THE MONEY A COMPANY RAISES BY ISSUING SHARES IN EXCHANGE FOR OWNERSHIP, REPRESENTING THE TOTAL INVESTED BY SHAREHOLDERS.
Share capital requirements vary depending on the following:
the country of registration
the company’s activities
Some countries may need proof of payment of the share capital to incorporate the company.
“A company's corporate documents are legal documents that establish and govern its operations, ownership, and organizational structure.”
They typically include the company's articles of incorporation, memorandum and articles of association and are the core documentation required for the incorporation of a company.
Although the terminology to refer to these documents (“constitutive documents,” “charter documents,” “governing documents,” or simply “company documents”) may vary from one jurisdiction to the other, their substance is essentially the same.
We can prepare the necessary corporate documents for your company.
“Due diligence for company incorporation is the process of conducting a comprehensive review of a proposed company's legal, financial, and operational aspects to ensure that all regulatory requirements are met.”
All licensed Corporate Service Providers are required to perform due diligence on the following:
the shareholding entities (if applicable),
the Ultimate Beneficial Owners (UBOs)
and the contact persons for the entity.
The documentation to incorporate the company will be submitted once:
all documents have been received and reviewed, and
the client has been accepted and
the client has been onboarded in line with our internal client acceptance procedures.
The timeframe for company incorporation with the authorities varies from a few days to a few weeks, according to the country of registration.
The setup of a company is not fully completed once a company has been incorporated. Other requirements depend on the company’s activities, and these can include:
registering with the local tax authorities
registering with the local VAT authorities
the opening of a bank account, or
applying for a local igaming license.
With our assistance, you will navigate these requirements smoothly, as our main aim is to ensure a hassle free incorporation process for you. Our global team can assist with company formations worldwide, providing personalized service for your online gaming (related) business(es).
DETERMINING WHICH INCORPORATION
SERVICES YOU NEED?
TO DISCUSS YOUR SPECIFIC NEEDS
LOCAL PRESENCE AND INCORPORATING A COMPANY
Any business owner must navigate the complexities of company incorporation and establish a local presence. It involves understanding local laws and requirements, obtaining a registered address, and managing share capital and corporate records. With our expert guidance and support, business owners can ensure a smooth and hassle free incorporation process, allowing them to focus on their core business activities and growth.
NAVIGATING THE LOCAL PRESENCE OF A BUSINESS
When starting a business, one crucial aspect to consider is the concept of local presence. It refers to the physical representation of a company in a specific geographic area, such as a local office or store, and its physical address. Establishing a local presence cannot be overstated, as it can significantly impact the success and legality of your business operations.
UNDERSTANDING THE ROLE OF LOCAL PRESENCE
Local presence plays a vital role in the incorporation process. In many countries, there are regulations and requirements related to the physical presence of a company within their borders. For instance, some countries may mandate that at least one director or the company secretary be a local citizen or resident. Additionally, there might be restrictions on the minimum or maximum number of directors and shareholders. Understanding these rules is essential to ensure compliance with local laws.
Beyond compliance, local presence can enhance your business's credibility and trustworthiness among local customers and partners. A visible physical presence in the area can demonstrate commitment and accessibility, which can go a long way in attracting clients and investors.
REGISTERED ADDRESS AND ITS IMPORTANCE
Another critical aspect of company incorporation is obtaining a registered address, also known as a registered office. This official address is used for receiving formal government correspondence and other essential company mail. It is an indispensable part of any business entity's legal and administrative framework.
A registered address is essential because it serves as a point of contact for official communications and legal matters. Failure to maintain a valid registered address can lead to severe consequences, such as penalties or even the dissolution of the company.
DIFFERENCES BETWEEN REGISTERED ADDRESS AND PHYSICAL ADDRESS
It is crucial to distinguish between a registered address and a physical address. As mentioned earlier, the registered address is the official address used for legal and administrative purposes. On the other hand, the physical address refers to where the business operates or has a presence, such as a store or office.
While they can be the same, it is only sometimes a requirement. Occasionally, companies may use a registered address provided by corporate service providers while operating from a different physical location.
UNDERSTANDING SHARE CAPITAL OR EQUITY CAPITAL
Share capital, also known as equity capital, is the money raised by a company by issuing shares to shareholders in exchange for ownership. It represents the total amount invested by the shareholders in the company. The requirements for share capital can vary depending on the country of registration and the nature of the company's activities.
Share capital is an essential aspect of company incorporation as it demonstrates the financial strength and capitalization of the business. Some countries may require proof of payment of the share capital as part of the incorporation process.
MANAGING CORPORATE RECORDS AND FINANCIAL TRANSACTIONS
After the incorporation process is complete, businesses must maintain accurate corporate records. These records include legal documents that establish and govern the company's operations, ownership, and organizational structure. Standard corporate documents include the articles of incorporation, the memorandum, and the articles of association.
Properly managing corporate records is crucial for legal compliance and transparency. These records are often required for tax reporting, financial statements, and other essential business matters. Failing to keep up-to-date and accurate records can expose the business to legal and financial risks.