Company registration

Every business starts with an idea. But sooner or later, any entrepreneur must register a company in their country or abroad to embody ideas and carry out activities legally. However, sometimes it is necessary to incorporate a new legal entity not only for those who start entrepreneurship but also for those who have been doing this for a long time. For example, you need a new holding with other classes of activities to introduce a new kind of business. For this, you can register an LTD company, thus separating the spheres of management and different business areas. Or register a subsidiary enterprise, branch, or representative office in another country to enter the transnational market.

Each state has rules for citizens and foreigners wishing to start a business. Sometimes a person can change jurisdiction due to new perspectives, tax benefits or simplicity of doing business, and lack of bureaucracy. The goals are different for everyone, but the meaning is the same. To work in the legal field, you need to register with the state as a company and officially pay taxes. By deciding to set up a company, you must adhere to all local regulations related to business activity, such as financial reporting, updating corporate details, and more.

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What is company registration?

In the international sense, the process of company registration implies the inclusion of a unique record in the relevant state register of legal entities. The question of how to set up a limited company is relevant for many entrepreneurs who plan to expand their business and enter a new level of partnership. To register a company, the applicant (usually the owner himself or his authorized representative) applies to the signup of a new legal entity. After the relevant entry is made in the state register, the owner receives a set of corporate documents which certify his ownership rights.

Typically, all establishments have a unique registration number by which they can be identified. After full company registration, it can receive a taxpayer number, apply for necessary permissions with any other government agencies, and formally enter into contracts with local and international customers and contractors. Also, an officially incorporated firm can set up accounts with local and international banks.

Each country has its procedures and rules. Frequently, national authorities require a certain collection of documents about the founders, directors, and planned activities. You also need to pay a state fee during the process of incorporation.Sometimes you can submit documents online remotely, but in many cases, you ought to submit the originals certified by a notary. Enrollment deadlines also depend on the country. As a rule, in most countries, it is possible to set up a new enterprise within one week.

Quickly select a jurisdiction and register your company anywhere in the world online

Types of Company Structures You Can Register

Choosing the right business structure depends on the owner’s goals, types of companies, and business activity. Regardless of the chosen form, according to the legislation, the company must meet some regulatory requirements.

Here you can see the difference between various most common types of business:

Form of ownership	Differences
LTD	The liability of participants (founders) is limited either by shares or guarantees. The authorized capital, as a rule, is divided into shares, and the shareholders are responsible only to the extent of their liability
Non-profit organization	Does not provide for making a profit. If the company causes losses to its members, it is liable to the extent of the guarantees it provides
Public limited company	Is registered when there are at least two shareholders and directors. Such a company always gains the trust and respect of its partners. There is an opportunity to trade shares on the stock exchange
Sole proprietorship	Owned and run only by one person, no strict requirements for starting business activity. Does not necessarily work alone and may enlist the services of independent consultants, etc.

Why do I need to register my company with www.fintecharbor.com?

Fintech Harbor Consulting offers a one-stop solution for novice and mature entrepreneurs questioning where to register their business. As a leading fintech law firm, here are some reasons why you should choose us.

Our counselors are aware of all the nuances of opening new enterprises in many global jurisdictions.
We have extensive experience registering private companies, holding structures, representative offices, and subsidiaries.
We are always on the client’s side and will help you select the optimal tax regime, acquire the required licenses, and work as efficiently as possible.
Our every step takes place only with your knowledge. We treat your money like our own; therefore, we do not add additional costs.
After your company formation, we will be delighted to accompany you in further commercial activities.

If you are planning to incorporate a company, ask for help from professionals. Our experts will advise you in detail on all legal issues and help you legalize your business.

Costs of Company Registration

The total cost of setting up a limited company depends on jurisdiction and additional fees such as governmental disbursements and professional fees for the incorporation service.

Asking the question of how much it costs to register a business, first, you need to consider the jurisdiction where the company will be incorporated. Our experts provide detailed cost breakdowns to ensure transparency. This will greatly simplify the process and allow the future owner to avoid many risks. Once you decide on jurisdiction, our professional team will provide you with an accurate calculation of the total cost for company registration, including the fee for our professional assistance.

The company registration fees vary significantly among jurisdictions, depending on factors such as the country, complexity of the incorporation process, and additional services required. If we talk about Eastern Europe, then the fees are relatively low – €350-600, excluding costs for legal assistance. In Northern Europe, this figure is much higher – €1500-2000. Our experts will help you calculate everything.

How do we register your business organization?

First, an experienced lawyer meets with you to find out the goals of your business and potential activities, as well as the markets in which you plan to work. Quite often, many businessmen are faced with the question of how to register a company. If you are a beginner in this matter, it is better to turn to the experts. After that, we will recommend the most suitable type of company and taxation option for you. We will advise in which country it is better to register a company.

When the preliminary details are received, we will draw up a list of demanded papers and announce the approximate time frame to register a new company, as well as assist you in opening a business bank account. We will help you gather the essential certificates and, if necessary, translate them into English and notarize them.

In most cases, we will be able to submit applications by power of attorney. You do not need to visit the state registrar or tax office personally. Most of the services will be provided remotely. The assigned lawyer will be accountable to the client at every stage.

In most cases, we will be able to submit applications by power of attorney to the authorized bodies. You do not need to visit the state registrar or tax office personally. Most of the services will be provided remotely. The assigned lawyer will be accountable to the client at every stage.

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Step-by-Step Company Registration Process

Company formation includes the preparation of documentation and its registration with state authorities. The fees and final cost together with the execution of documents are agreed upon after consultation with a lawyer.

The stages of registration include:

determination of the name;
preparation of documents;
filing of documents;
registration itself;
obtaining a certificate of state registration.

The taxation system will depend on the company’s activity, its turnover, and other criteria. It is worth consulting an accountant about the taxation system and development.

The list of documents for company registration may vary depending on the country where the company is registered. Therefore, to clarify this issue, it is better to consult with the lawyers of our company. They will tell you what list of documents you will need and how to formalize everything. It also matters who is the founder of the company, andwhether there are non-residents among the founders.

As for the registration terms, here everything also depends on the jurisdiction, who the founders are, and other factors. On average, the whole process may take from one week to two weeks. In some cases, the timeline may be shortened even to just three or four days once all the necessary documents are complete.

Let our experienced team handle your business incorporation smoothly and hassle-free. Our team knows all the subtleties and nuances of the process of creating a business in different countries. They will help you go through all the stages of registration and, if necessary, will give you detailed advice and help you solve complex legal issues.

Reviews

I represent a large cross-border IT holding. Every time we need to register a new business when entering a new market, we contact our dedicated expert and get advice on the process. Next, the team arranges documents for verification by our in-house lawyers. This saves a lot of time.

My partner and I already had a company and wanted to open a foreign representative office. The lawyers helped us a lot in the process, we picked the optimal taxation option, found local auditors, and many other helpful professionals. The employees were always in touch and responded to our every inquiry in great detail.

FAQ

What are the types of company registration?

In most jurisdictions, it is possible to register your business as a limited liability company, holding institution, trust fund, parent and subsidiary firm, representative office, or branch. For those who plan to engage in activities related to finance, sometimes such a type as an investment enterprise is conditioned.

You can incorporate a partnership, association, or joint-stock corporation. Each type of firm has its own characteristics, rights, obligations, and relationships between shareholders. Companies are divided into residents and non-residents. Resident businesses carry out their activities within the jurisdiction in which they are enlisted. Non-resident ones operate exclusively with foreign clients. An establishment in any land can be registered by both a citizen of this nation and a foreigner.

Should I need to pay taxes for company registration?

In many jurisdictions, you must pay a state duty in the prescribed amount when registering a new legal entity. However, this is not a tax. The company becomes a full-fledged taxpayer only after completing the registration procedure and is registered with the tax office of their country. Taxation depends on the type of activity, source of income, and many other factors.

To register my company, it is frequently essential to deposit the authorized capital into a bank account. This is required to prove the company’s trustworthiness. The riskier the activity is planned (for example, the banking or financial sector), the higher the amount paid. The difference between the authorized capital and the duty is that the duty is paid to the state and is non-refundable, even in case of refusal. While the authorized capital remains on the account, it can be utilized for development and investments.