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Incorporation rules

Oct 4 2012

What is an annual return ?

COI - Certificate Of Incumbency

A private company – Limited (Ltd.) having a share capital should, except in the year of its incorporation, file its annual return once in every calendar year. In Hong Kong it’s within 42 days after the anniversary of its date of incorporation, in United Kingdom it’s within 28 days after the anniversary of its date of incorporation.

• the name of the company;
• its registered number;
• the type of company it is, e.g. Limited;
• the registered office address of the company;
• the address where the company keeps certain company registers if not at the
registered office;
• the company secretary
• the name and address of the company secretary, where applicable;
• the name, usual residential address, date of birth, nationality and business
occupation of all the company’s directors;
• the date to which the annual return is made-up

 

Register company in Hong Kong or in United Kingdom

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Aug 27 2012

What is a representative office?

COI - Certificate Of Incumbency

Representative office is set up by a foreign company to engage in business liaison in the selected country/jurisdiction or to enable clients to visit an domestic office where the main office is abroad.

However, it is not allowed for the office to be directly involved in operational activities. In general, a representative office can be established before an company formation, as the first step to enter local market and test the business environment in that particular country/jurisdiction.

Representative offices are usually easier to establish than a branch or subsidiary, as they are not used for actual “business” (e.g. sales) and therefore there is less incentive for them to be regulated.

For more information, contact us at: info@startupr.com

 

tomas m

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Apr 13 2012

Types of business entity – offshore jurisdictions

There are many types of business entity defined in the legal systems of various countries. Here is some of the suffix that we use;

  1.  Ltd
  2. Ltd.
  3. LTD
  4. LTD.
  5. Limited
  6. LIMITED
  7. S.A.
  8. Inc
  9. Inc.
  10. Incorporated
  11. GmbH

 

You can use any suffix once you form company (so called IBC – International Business Company) in any following jurisdiction:

Kindly confirm what suffix you want us to use once you register your company name.

 

E.g.: You chose the name of company: “Partners investment”
than
you pick one of the suffixes, see the points from: 1 – 11 – we chose “Inc”

 

the company name might look as: “Partners investment Inc”

 

Your Startupr.com

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Feb 16 2012

What is a share capital?

Share capital might be define as a money invested in a company by a shareholders. The amount of share capital might be used as a long term source of finance. The amount of the share capital might be changed within the time. In fact, it’s the value of the company. Most of the jurisdiction has a possibility to register a company with 1 share having a nominal value of 1 USD/HKD/SGD etc.

Article  on “How do you divide the Shared capital”.

Startupr

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Feb 3 2012

LLC Limited Liability Company – How do we call LLC in different countries ?

What does it mean an offshore or being an offshore? Offshore company!

LLC – Limited Liability Company is a business organization of one or more persons ,owners have limited personal liability for the debts and actions of the LLC. The owners of an LLC are “members” rather than shareholders or partners. Most countries also permit “single member” LLCs, those having only one owner. There is no maximum number of members.

 

Companies with limited liability exist in business law worldwide. We will pick up a few of them:

 

Startupr

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Jan 19 2012

Can I open up a company in…(any country)?

What does it mean an offshore or being an offshore? Offshore company!

Past a few days we have got the same question from our customers in regards to company formation in foreign countries whether is possible as a foreigner open a company e.g. in UK, Singapore Hong Kong, Ireland, BVI etc. The answer is ‘Yes’. There is no such a requirements from local governments to be resident once you register company in foreign country.

 

e.g.
If you are a resident in India, Russia or USA, you can open up a company in Ireland or Hong Kong. All you need to do is to accomplish the KYC – Know Your Client requirements. In our (Startupr) case it’s copy of passport and banks requirements 2 copy of utility bills.

 

Your Startupr

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Dec 19 2011

How do you divide the Shared capital

The Best Countries for Starting a Business

Type of share capital: We might say that company share capital refers to the amount of a company’s equity that has been gained by trading stock to a shareholder for cash or another item of capital value. The amount of share capital might be changed anytime the holder want. To issue new shares and sell to the the public or to another business partner in exchange for the cash.

 

We can divide the share capital as:

  • Authorized Share Capital – or registered capital is the total amount allowed to issue (or Authorized) to its shareholders.
  • Issued Shared Capital – this is the real amount of shares being issued to its shareholders. Issued Shared Capital might be lower than the Authorized Share Capital.
  • Subscribed Capital – is a share capital which has been issued (sold) as shares-whether their purchasers (shareholders) have paid for them or not.
  • Called up Share Capital – this type of share capital needs to be paid.
  • Paid up Share Capital – is the amount of share capital paid by the shareholders.

 

your startupr.

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Nov 8 2011

What does “KYC” mean?

What does it mean an offshore or being an offshore? Offshore company!

KYC – Know Your Client is a process when incorporation provider requires information on each and every Beneficial Owner, Director and Shareholder. Certain Jurisdictions or banks may require even more information than is mentioned in this article. The bank usually ask for following documents:

 

Natural Person
– Passport
– Proof of residential address

 

Company documents
– Certificate of Incorporation
– Memorandum and Articles of Association
– Certificate of Incumbency
– Share certificate
– Resolution Electing Director

 

Can I open an Anonymous bank account?

 

No, there is no bank offering such a service as “anonymous accounts”. All of the banks are required to get know their client (KYC). While account opening through an Introduction is still possible without a personal appearance of the owner of the company in the bank.

 

Banking secrecy

 

Every single bank in offshore jurisdiction is obliged to keep all information must remain in regards to “KYC – Know Your Client” strictly confidential.

E.g. This is standar process even if the you open Seychelles company.

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Nov 4 2011

What does it mean an offshore or being an offshore? Offshore company!

Offshore territory is any jurisdiction except your resident one ( where you currently live) mostly known for the legal, tax and financial benefits or from the company management point of view. It might be UK (not only UK others countries are offshore) once you live in Luxembourg or USA (not only USA others countries are offshore) once you live in China. It’s quite simple isn’t it?

 

To be offshore in banking industry means to have a bank account in  different country than you reside.

 

It would be fine to mention what does it mean to be “onshore”. Onshore might be regarded as the jurisdiction where a company is domiciled and in which it pays a significant rate of tax. There is even a term in resource management when founder comes to low cost country (e.g. as China) and will use the advantage of the low labor cost.

 

Nowadays, I would like to more stress not just the offshore or onshore matter but the globalization taking an effect in trading and IT industry. Tthere is now quite easy way to start your own business with really low costs as was mentioned before e.g.: open International Business Company  in Seychelles + find your product ( good or service) + set up web and launch business into 48 hours.

 

It’s simple, isn’t it? startupr.com

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Sep 28 2011

Rules for using company names

What does it mean an offshore or being an offshore? Offshore company!

We have posted a few months ago an article: Think about the company name before you start. It’s more focus on the creativity part than technical part. There is quite a few rules to understand before you register company.

 

The name of the company has to fulfill a few rules:
1. The name can’t be already in a use or being registered. You can get a result once you visit the local web online search – e.g. for Hong Kong can be found on Companies Registry’s Cyber Search Center. If you don’t in the search result the company name you have put, you can use it however there is still a few rules.

 

2. The name as similar. E.g. “Computer Technology” and “Computer Tech” are regarded as the same names. Startupr Limited or Startupr Copr. are the same company as well – only the suffix has been changed ( the suffix doesn’t make any differences).

 

3. One of the biggest issue once you’re choosing a company name: Trade marks! Always pay an attention if your chosen name does not have any registered trademark. If the trade mark is not register in Hong Kong, it might be registered in some another jurisdiction which keeps the the right of the trade mark. For that purpose you are better to find out whether the name hasn’t been in a use.

 

If you tell us to register a name “Nokia plus, Ltd.”, it might be registered however later on you can be suite for a duplicate of an existing name. For that purpose, it will be better if you get the notarized consent whether the name is not considered as a duplicate.

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