There are quite a few misconceptions about starting and running a business. It is far more comprehensive than simply coming up with an idea and slapping a name on it. There are legal avenues that must be followed to make the company just that.
The key is to have the right corporate services on your side. Without them, a company is just that in name only. It does not have the legal backing that it needs to be recognised as a proper business entity in the eyes of the law.
So, when it comes to company formations in Vanuatu, having the right legal help goes a long way. Getting properly incorporated means being permitted to do business within city limits as well as outside of them.
Local Incorporation
It should take no more than 48 hours to properly incorporate a business. When the applications have been properly submitted, your legal expert will ensure that the process goes smoothly and that your incorporation comes through.
The requirements are simple, too. For local companies, there must be at least one shareholder. That shareholder can either be a resident or non-resident but at least one natural person has to be acting as director.
If a nominee shareholder is required, that can be provided by the right corporate services. There are even Declarations of Trust that can be executed to set up beneficial owners for the company. The possibilities are limitless and can be handled by the proper corporate services.
International Incorporation
Then again, there are businesses that have interests not only locally but abroad as well. International companies may be registered in a specific area, but they don’t actually do business within those city limits. With the international incorporation distinction, they would not be able to do business within those city limits.
The good news is that the process of international incorporation is a simple one. It can generally be completed within 48 hours after the submission and receipt of all the necessary information. The key is having an experienced legal representation to help walk you through the process.
No matter the size or scope of your business, there are legal avenues that must be pursued. Having corporate services in your corner means following those legal avenues to the letter of the law. It means ensuring that your business is doing as it should from a legal aspect.
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