Does anyone know how to register a company as a foreigner? For example, if I need to register a "UG" company in Germany, what criteria do I need to fulfill?
Hi Nitin, I would recommend you start reading the information from the Germany Trade and Invest site: http://www.gtai.de/GTAI/Navigation/EN/Invest/investment-guide.html
They cover the steps you need to know.
Best regards, Thomas
You would first need a Work Visa,or Residency Permit and keep a Registered Office Address in that Country also.
It really depends on what country and what your company proposes to do. I only have personal experiences with US, France, and South America - which may or may not be what you are looking for.
In the US, a company is a State level concern, whereas Immigration Status is a Federal level concern. Because of that, you don't need proof of legal residence in the US to set up a company. However, because you need some sort of a tax id, and the easiest way to get it is to be a legal resident, you may run into citizenship issues. Although there are quite a few loopholes! Also in the US, if you invest $US500K in a company (could be your own), you qualify for permanent residency under the EB-1 Visa. However, in the US, some businesses are subject to obscure and outdated - but still on the books - laws. For example, a foreign national cannot own the majority ownership of a newspaper, radio station, or television station in the US. Similarly, if you are selling guns or ammunition, chemicals or pharmaceuticals, military-grade anything, encryption tools or devices, and the like, particularly internationally, you are subject to specific federal laws, background checks, and permits.
In France, certain types of businesses (such as computer consulting) are really easy to create, even as a foreigner. Or at least it used to be as of 2000. In most of South America, you can just register your business with the local police department, get a license, and you are off and running. Exceptions in South America, that I am aware of, are any company dealing with guns or ammunition, military equipment, etc.
Also... universally true, at least in my experience, is that you don't need the formalities of starting a company before you prove your idea. So unless you are working something that, from day one, is subject to regulatory scrutiny, why set up a company at all? Examples of cases you do need to set up a company from day one are things like opening a restaurant, a temporary worker agency, anything involving food, or other types of manufacturing, or if the company is selling military stuff, chemicals or pharmaceuticals, etc.
If you are huddled in a garage somewhere building the next App or Website that will dominate the world, hold off on setting up a company until you at least show some traction.
So that it is clear, the above are my opinions based on my experiences, which may or may not be applicable to your specific situation.
I am NOT a lawyer and the best advice I can give you is that you should consult a lawyer!
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