Why incorporate a company?
Incorporation provides many advantages for both a business and its owner – such as protection from personal liability for business activities, simple transfer of business ownership through the disposal of shares, and increased potential for tax planning through access to corporation tax rates and international tax treaties.
It is possible to incorporate a Company in just about every country in the world. Whilst it is true that the actual legal procedure for formation differs between jurisdictions, most have certain elements in common.
The following elements can be found in nearly all incorporation processes in nearly all jurisdiction:
(i) Drafting the ‘Articles of Incorporation’ that list the primary purpose of the business;
(ii) Selecting the name of the Company and location of its registered office;
(iii) Selecting the number of shares and class of stock that are issued;
Registration process’, audit and reporting processes and fees can vary significantly between jurisdictions.
We can provide advice on:
(i) The type of company best suited to your commercial purpose;
(ii) Arranging the ownership of that company according to your needs;
(iii) Administering the company correctly according to the local requirements; and
(iv) Managing its commercial arrangements;
Given that no two Companies are the same, a high level of expertise is required to ensure that any advice is up-to-date, effective and compliant. Failure to structure and manage a company correctly could mean that intended objectives and benefits are not realised – which could lead to unintended consequences and liabilities. This may include unintended charges to tax.
In addition to Company establishment, we can also offer administration, management and consultancy services to your company.
Our specialities cover local company law, board procedures, director responsibilities, shareholder relations, and financial and corporate compliance requirements according to local regulations. Allowing you to focus on the primary business.
Where to incorporate?
The modern ultra-global open marketplace requires businesses to trade increasingly in foreign markets. Emerging companies typically operate in rapidly evolving industries where expertise, speed and efficiency are rewarded.
Regardless of the actual means of entry into the marketplace, international expansion shall inevitably involve unfamiliar foreign legislation, regulation and processes, as well as creating international legal and tax considerations. We can assist you to select the most effective and efficient type of legal entity and will then incorporate that entity in line with local laws and regulations in nearly any jurisdiction throughout the world.
Domiciliary Services
A company must maintain at least a minimum presence in its place of incorporation (usually a registered office and a resident agent). We generally provide these services for all our clients. We refer to these services as ‘Domiciliary Services’.
As your local representative, we can help maintain your company’s good standing in accordance with local requirements by:
(i) Provision of a registered local address;
(ii) Receipt and handling mail;
(iii) Provision of company secretarial services;
Director Services
We can provide directors for most of the companies that we incorporate given they usually form part of a larger structure, in order to ensure that their affairs can be properly managed and controlled from their place of incorporation. This service is often combined with our other company management and/or our domiciliation services.
Property, Immigration and relocation services
One of the most challenging obstacles for a Company entering a new market is the sourcing and provision of adequate business accommodation on the right terms and price. Shallon Trustees can assist.
Similarly, we have professional team members on the ground in various jurisdictions who can assist with immigration, visas and permits and even help find suitable housing for key personal, senior executives and their families.
