Entrepreneurship · Startup Law

Registering company as a foreigner

Nitin bhardwaj Rocket Internet

April 7th, 2017

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?

Thomas Lidforss Digital Agency | B2B Matchmaker | International Business Development | Market Development | Value Creation | Broker

April 7th, 2017

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


John Sechrest

April 8th, 2017

It really depends on which country and what type of business you are trying to start. In some countries you need to be present and to physically deliver documents that are signed, and you need to put up cash into the bank account before you can start the company. If you are trying to set up a US company, the program by Stripe called Atlas seems like an interesting mechanism. http://stripe.com/atlas It provides you with a path to a Deleware corporation in the US. This has Tax consequences, so be sure you know what you want to do with it. If you are targeted at Europe, Estonia has an interesting program for startups and e-residency. Leapin.eu posted an interesting blog about it recently: https://blog.leapin.eu/customer-story-1-how-i-started-an-eu-based-business-with-almost-no-money-9d715e7345b0 You can see more about the e-residency and business path here: http://www.investinestonia.com/en/investment-guide/establishing-a-company http://leapin.eu LEAPIN is providing services to do the bank account and other accounting work that you would need in Estonia. I don't know of other countries that have been as proactive as this for taking outside businesses.

5 * Agents for a TV Channel Franchise

April 7th, 2017

You would first need a Work Visa,or Residency Permit and keep a Registered Office Address in that Country also.

RMD

April 8th, 2017

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!


Good luck,


Bob

5 * Agents for a TV Channel Franchise

April 8th, 2017

Our Company sponsors the Goverrnments Entrepreneurs Visa Program in the U.K.

You gain 25 points of the required 90 points,by becoming a Company Director, 25 points for being enrolled as a Consultant,and another 50 by having enough funds which is £400k. This is the easiest way to establish a Company in the U.K. details from the link. http://www.5-star-film-co-international.com/entrepreneurs-visa-sponsorship-program.php