Company Registration

 

Company Registration FAQs

1Why should I register a company?
Incorporating a company has many benefits including but not limited to the following:
(i) a company has separate legal entity, and therefore you are not liable personally for debts as you would be as a sole trader,
(ii) as you only pay corporation tax on taxable profits at a fixed rate, you are not susceptible to paying higher rates of income tax as you would on your personal income,
(iii) you are also eligible to claim more respite in terms of tax-deductible costs that can help lower the amount of your corporation taxable income each year,
(iv) the ability to raise capital and encourage investment into your business,
(v) as your company has a more established profile, investors are more likely to have confidence than when dealing with a sole trader,
(vi) a company has perpetual succession, it exists beyond a natural person, and
(vii) operating under a limited status can often improve your credibility and create a more professional impression, which can lead to more business and higher profits in the long run.
2What type of a company do you recommend me to register?
A private limited company.
3What information/ documentation do you require from me?
(i) 1 to 5 proposed names for your company (in order of preference),
(ii) the main objectives of the company,
(iii) the full names, ID numbers and addresses of at least one shareholder, two directors and company secretary (with copies of the ID’s), and
(iv) physical and postal address of the business.
4Do I get a tax clearance after registering a company?
Tax Registration and ITF263 (Tax Clearance registration) is another process which takes from two to ten days.
5What are the payment methods you accept for Registration Fees?
We accept funds transferred or deposited into our trust account details below:
Account Name:
Bank:
Branch:
Account Number:
6How will I be kept informed about my case?
We have numerous ways of updating our clients including the conventional email, mobile message or call. We also have a portal in which our clients can login and obtain further details on the matters we are handling for them. In addition, we have developed an App which allows users to also obtain updates on their matters.


     

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