What is company formation?
Company formation is the incorporation of a business in a jurisdiction. The company can be on-shore and off-shore in accordance with the investor business needs. After the incorporation process is fulfilled, the “new company” becomes a separate legal entity and has its own rights and obligations. Companies are owned by its shareholders and managed by its directors and the business owner can specify the corporate’s governance through the Articles Of Association (AoA).
What kind of company formation services NNRoad provides?
NNRoad specializes in incorporating and registering companies in more than 15 main jurisdictions across the globe. We set up the entity that fits best to our clients’ needs. We provide you professional guidance and assist you in choosing the most suitable type of company for any business model. NNRoad will undertake the whole facilitation till the legal entity be registered.
Following the company formation services, NNRoad provides maintenance services to the established enterprises in a monthly as well as annual basis and in compliance with each country’s local laws and regulation.
In what countries NNRoad can help me if company formation?
NNRoad has a strong network and can set up a company for you in 15 different jurisdictions upon your requirements.
- The United States of America
- Hong Kong
- South Korea
What are the requirements for company formation?
Incorporate and register a company requires going through legal complexities and procedures. Any legal entity has its own obligations in accordance with local laws and regulations. To avoid such hassle and to be always compliant with each jurisdiction’s legislation, NNRoad’s specialists are here to help you set up your corporation.
Before you Start
When the idea of establishing your own company starts rolling in your head before it will turn to a reality, it is important to think about the following:
– Business scope
– Company structure
– Business environment
– Tax System
– Company Name
– Capital Requirement
NNROad will give you accurate advice for the jurisdiction which could be the most beneficial for your company’s business scope and structure. Some jurisdictions offer a very well business environment, where there are not any restrictions on business scope and the tax system is very attractive.
Besides the ideal environment of your business, the legal business structure of your company is one of the most important factors you need take into account. You need to think about the shareholder(s) and director(s) of your new company. Is there any nationality restriction? Can be a company the corporate’s sole shareholder? The minimum registered capital is required for most of the countries and for the majority of the company types. We can assist you to figure out if there is any minimum capital requirement for your corporate proposed. Undoubtedly, the name of your company is the first impression of your business. Be sure that you choose the most appropriate name for your proposed company.
Start the Process
As soon as you decide to avoid any country’s bureaucracy we are here to start the process for you. The steps for each jurisdiction will be different but NNRoad experts are aware of the local procedures as well as the local requirements.
STEP 1: We check the name availability of the company’s proposed.
STEP 2: Following our guidance, you need to prepare all the application documents in accordance with local laws and regulations. (e.g Articles Of Association (AoA) and letter of appointment.
STEP 3: Apply for the registration of your company. You just need to fill out the application and our team will file it for you.
STEP 4: NNRoad administers and files the documents as well as the application.
STEP 5: Wait for the company formation to be approved.
STEP 6: Company’s Formation has been completed.
Complete the Process
After the new legal entity has been already incorporated, you will receive the business registration certificate of incorporation. From this stage onwards, NNROad will help you to run and maintain your business. (link to payroll, tax & accounting services)
Can anyone hire this type of services?
Everyone can establish its own enterprise. NNRoad can help both individuals and legal entities to set up your new business. It’s noteworthy that in some countries such as the United Kingdom and the United States of America, there are some restrictions related to the owner’s bankruptcy record and it is very likely the applicants to face some difficulties in relation to finding funds for your new business.
What is the process of hiring the company formation service?
If you are ready to set up your new company, please send us your inquiry (link).
- NNRoad team will provide you accurate advice and help you to find the most appropriate type and structure for your new company.
- Once you decide to hire our company formation services, you need to authorize one of our consultants to submit the corporate formation application on behalf of you.
- We will start the process as quickly as possible and keep you up to date on the status of the application.
- We will inform you promptly about the completion of the process.
How long does it take to have my company ready?
We guarantee that we will handle your application and monitor the process efficiently. It is essential you provide us all the required documents timely. Only after we have on hand all the necessary documents we can submit the corporate formation application to the local authorities and kick off the process.
The type of entity and the business jurisdiction are the factors affect the length of the process. In the case of a shelf company, it’s a matter of 1 week to own your new company. However, if the applicant wishes to establish a “tailor-made” company and particularly a foreign company the time requirement would be longer. The process complexities vary from country to country and the completion of the procedure might require up to 3 months processing time.
What are the benefits of using our compay formation services?
Save time & money
NNRoad’s global presence makes our team aware of each business jurisdiction. Knowing the local laws and policies we select the most time-effective way to manage your application. It is also a good value for money as our experts will guide you how to collect all the required documents and do not make any mistakes.
NNRoad experts provide high-quality company formation services. Our local consultants always meet our clients’ business needs and fulfill their requirements with accuracy.
What is the price model?
Upon your request, our team will send you a customized proposal based on your business needs and in the most competitive price. Our total service fee includes the company formation process per company and all the government fees are excluded.
What are the next steps?
If you have any inquiries about our company formation services, please contact us and we will be glad to help you incorporate your business.