Entrepreneurs from all over the world search for new ways of
extending their businesses on the foreign markets where they can benefit from
low taxation and new opportunities. They have the possibility to open a
branch/subsidiary of their company or to open a new entity, according to the
local regulations. Sometimes the foreign investors don’t know how to start the
preparations for setting up a company in another country and they need local
guidance. In this case, they should contact a local company formation
specialist or lawyer who is specialized in company formation matters.
Opening of a company or subsidiary/branch can take from a
few days in most of the Western European countries, such as Ireland, to
a few months in states that are not well developed. The incorporation
procedures can be very simple or complicated according to the bureaucratic
process in every country. If you don’t want to travel to another country
and spend there a few weeks/months trying to incorporate
the company by yourself, it is recommended to contact a local lawyer or company
formation specialist. He/she will be in charge with the incorporation
procedures and will represent you in front of the local authorities. You need
to give him/her a power of attorney and he/she will deal with the whole process
in exchange for a certain fee. At the end of this procedure, you will receive
the documents you need for starting your economic activity, including the
special permits or licenses related to your business.
You can find a lot of companies that offer company formation
services, such as LawOfficeMalaysia.com and LawyersIreland.eu, if you search on
the Internet and you may choose the one that suits your business objectives and
budget.
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