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Setting up a company in Kenya Shield GEO

If the company intends to have staff in Kenya, they must also decide whether they will administer that employment internally or use a Global Employment Organisation to handle payroll and employment responsibilities. A GEO Employer of Record solution is an attractive alternative where.

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Setting up a company in the Philippines Shield GEO

Setting up a company in Philippines. When setting up a company you may want to consider these factors: Business Factors. The Philippines eased business startup by setting up a one-stop shop at the municipal level and made starting a business easier by streamlining communications between the Securities and Exchange Commission and the Social Security System and thereby expediting the …

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Setting up a company in Colombia Shield GEO

When a foreign company performs permanent activities in Columbia it’s obliged to incorporate a branch which is a local representation of the foreign company. Simplified Shares Corporation (SAS) A SAS (Sociedad por Acciones Simplificada or a Simplified Joint Stock Company) can be incorporated with just one shareholder.

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Setting up a company in Indonesia Shield GEO

The limited liability company must go through the entire registration and incorporation process, and is the most costly business structure to setup. Steps Required: Pay fees for obtaining clearance of the company name at a bank. Arrange for notary to obtain standard form of company deed. Notarise company documents.

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Setting Up a Company In Canada Shield GEO

Foreign companies generally establish a business presence in Canada in one of three modes:1. Corporations2. Partnerships (general or limited)3. Extra Provincial Corporations Establishing a Corporation requires 25% local ownership, while Partnership is 50% and an EPC requires at least a local resident agent or representative in the Province that the company registers in.

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Setting Up a Company in South Africa Shield GEO

The company must be registered with the South African Registrar of Companies through the Companies and Intellectual Property Commission (CIPC) within 21 days of the company being started. A company is incorporated by the lodging of a Notice of Incorporation (CoR 14.1) and Memorandum of Incorporation (CoR 15.1 A-E) and possibly other supporting

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Setting up a company in Mexico Shield GEO

Setting up a company in Mexico. When setting up a company you may want to consider these factors: Business Factors. The business environment of Mexico is relatively easy to operate in for foreign companies, where initiatives have been launched to facilitate the incorporation process for companies, such as one-stop shops and introducing more lenient minimum capital requirements.

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Setting up a company in France Shield GEO

Subsidiary Company (filiale) A subsidiary is an local independent legal entity formed under French laws, which can be governed by its own bylaws, and although it can be owned by a foreign parent company, it does not hold the parent liable for its debts and obligations.

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Can a US Company Employ and Pay Someone in Another Country

If your US company is new to hiring foreigners in their own country, there are some key considerations as you move forward. The two most common ways to hire and pay a foreign employee are to set up an entity or use an employer of record (EOR).

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Setting up a company in Japan Shield GEO

Subsidiary Company (KK) A. Requirements / Restrictions. A foreign company establishing a subsidiary company locally incorporated in Japan can choose to establish it as a joint-stock corporation, known in Japanese as “Kabushiki-Kaisha” (株式会社) or “KK” for short, or a limited liability company type called “Godo-Kaisha” (五度会社) or “GK” for short.

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Setting Up a Company in Hong Kong Shield GEO

If the company secretary is an individual, they must reside in Hong Kong, or if the secretary is a body corporate, its registered office or place of business should be in Hong Kong. For a company limited by shares the liability of members is limited by the articles of association to the amount unpaid on the shares respectively held by them.

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Setting Up a Company In New Zealand Shield GEO

The name and address of at least one person in New Zealand who is authorised to accept service of documents on the company’s behalf. Check and Reserve Company Name. The first step is to reserve the company’s name. This is an online process undertaken via …

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Setting Up a Company in South Korea Shield GEO

When setting up a company in South Korea you have three options: Company Foreign Branch Liaison Office This article provides a general guideline for foreign businesses on entering South Korea for business purposes. In particular it looks at common pathways to establishing a business presence in South Korea, generally through a liaison office, branch office

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Setting up a Company in Belgium Shield GEO

The company may also request the VAT registration number through the online company docket process, and again the notary will likely do this for you automatically. Based on the number of employees, the projected annual turnover, and the shareholder class (private individuals), the company size will be classified as a large company or a small-to

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Setting up a company in Thailand Shield GEO

A company/partnership in which the company/partnership is a direct or indirect shareholder or partner with not less than 25% of total capital A company/partnership which has power to control or supervise the management and operation of International Headquarters

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Setting up a company in Argentina Shield GEO

Setting up a company in Argentina. When setting up a company you may want to consider these factors: Business Factors. Argentina is an attractive location for foreign investment due to the large population of qualified human workers and commercial partnerships with neighboring countries like Brazil.

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Setting up a company in Kuwait Shield GEO

The company must apply for membership at the Chamber of Commerce and Industry by submitting copies of its commercial license and memorandum of association, and filling out a specimen signature form signed by the company’s authorised signatories. The membership is a pre-requisite to dealing with other government authorities, banks and

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Setting up a company in Israel Shield GEO

The Israeli Companies Ordinance (ICO) defines a company as a corporation formed and registered in Israel, in accordance with Israeli law. The Israeli Company Law 5759-1999 mentions the following as the main types of companies that can be established in the country: Private Company; Public Company; Branch or foreign company.

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Setting up a company in India Shield GEO

A private company is required to have a minimum of two directors, up to a maximum of 15. Every private company that is a subsidiary of a listed company that has paid up capital exceeding INR 50m ($810,000) is is also required to appoint a whole time / managing director.

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Setting up a company in Australia Shield GEO

A subsidiary company can be established through incorporation of a new company (although acquiring an existing company or ‘shelf company’ is a common pathway also). According to the PwC Guide to Business in Australia, a subsidiary may not have more than 50 non-employee shareholders and must have the words “Proprietary Limited” or “Pty

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Setting up a Company in Hungary Shield GEO

A Company Limited by shares can be established as a sole member entity or as a large entity with several investors. Private Company Limited by shares (Zrt) A Company Limited by Shares (CLS) can be established via a private offering whereby the shares will be offered only to its founders. A private CLS can issue printed share certificates.

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Setting Up a Company in Malaysia Shield GEO

A company requires a minimum of two shareholders (‘subscribers to the shares of the company’) and a minimum of two directors, and a company secretary. The secretary must be an individual who either is a member of a professional body prescribed by the Minister of Domestic Trade Cooperative and Consumerism or licensed by the Companies

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Hiring Remote Workers in the UK: A Guide for US Employers

The US company should track annual leave, as all unused accrued annual leave is paid out at the time of termination regardless of what the reason for termination is. This does not apply if there is a transfer of employment as the unused accrued annual leave will be transferred over under TUPE (Transfer of Undertakings Regulations).

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Setting up a company in Qatar Shield GEO

Setting up a company in Qatar. When setting up a company you may want to consider these factors: Business Factors. Qatar is a relatively restrictive country in regards to foreign investments, in that shareholdings of incorporated entities must have at least 51% shareholdings by Qatari nationals.

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Setting up a company in Portugal Shield GEO

Private Limited Company. The Private Limited Liability Company (Sociedade por Quotas, “LDA”) is recommended for entities that wish to establish an enterprise on a small scale in Portugal, with low initial capital investment and expenses. It is the most widely used type of incorporation in Portugal due to its convenience for small

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Setting up a company in Malta Shield GEO

The company share capital must be deposited in a domestic bank account under the name of the company being formed, before registering it. Proof of deposit will be required at the time of registration. If the company is a Public limited company (Plc), in addition to the memorandum of association, an additional document is required, which:

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Setting up a company in Taiwan Shield GEO

Setting up a company in Taiwan. When setting up a company you may want to consider these factors: Business Factors. The Taiwanese government has implemented welcoming and encouraging foreign investment policies, including the provision of customized, one-stop solutions for domestic and foreign investors to engage in investments into Taiwan smoothly.

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Hiring Independent Contractors vs Employees: A Guide for

Company continues to scale leading global work platform Follows acquisition of iWorkGlobal in April Combined company serves more than 1,000 brands and over 7,000 supported employees this year DENVER, July. Read More

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Setting up a company in Luxembourg Shield GEO

The company’s registration with the Chamber of Commerce is done automatically. Unblock the authorized capital. Once the company is incorporated, the notary public immediately issues a release certificate (certificat de déblocage), indicating that the company has come into existence.

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Setting up a company in Poland Shield GEO

Setting up and carrying out business in Poland as a foreigner is highly regulated. Entrepreneurs from non-EU countries may only establish and operate a business in the form of a limited liability company, joint-stock company or limited partnership. Investors may also choose to purchase an existing company. Entrepreneurs from EU countries are able to set

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Setting up a company in Vietnam Shield GEO

The company obtains a company seal from a seal maker. Agency: Sealmaker. Time: 8 days. Cost: VND 165,000 – VND 370,000 for bronze seal. 3) Registration of the seal-sample at the Police Department. In Vietnam, most business transaction documents must be signed and stamped in …

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Can I get paid by a US employer while working remotely in

The best way to get paid by a US company to another country is through an employer of record (EOR) solution. The EOR is a legal entity in your own country that is able to fill the administrative role of employer, while the US company still manages your work and schedule.

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Setting up a company in Saudi Arabia Shield GEO

A limited liability company (LLC) is the most common form, and a particularly popular vehicle for entering into joint ventures with Saudi partners. In particular, a limited liability company may engage in the full range of activities which fall under the approved objects of the company, and undertake projects in both the public and private sector.

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Setting up a company in Morocco Shield GEO

3. Simplified public limited company (S.A.S.) [Société Anonyme Simplifiee] A simplified public limited company is a company consisting of two or more companies with a view to creating or managing a common subsidiary, or to creating a company which will become their common parent company. Investment capital requirements

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Setting up a company in Italy Shield GEO

Setting up a company in Italy. When setting up a company you may want to consider these factors: Business Factors. Generally, Italy does not impose any specific requirements on foreigners wishing to establish a business presence in the country, although there is a condition of reciprocity imposed on participation by non-EU nationals.

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Setting up a company in Norway Shield GEO

Private Limited Liability Company - Aksjeselskap (AS) The Norwegian Limited Liability Company is commonly used in order to set up small and medium businesses. Multinational companies usually use this legal entity when they intend to set up a Norwegian subsidiary. The minimum paid in capital is NOK 30,000 (approx. AUD 4,500) in share capital.

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Setting Up a Company in Netherlands Shield GEO

the company needs help with tax, employment, immigration and payroll compliance in Netherlands The complexity of employment regulations in Netherlands makes the use of a GEO advisable coupled with local legal counsel to ensure full compliance with employment laws, for example the drafting of local contracts for workers.

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Setting up a Company in Germany Shield GEO

Like in most countries, opening a GmbH company requires the most bureaucratic hurdles, and is subject to the heaviest reporting requirements, and thus has the highest time and cost investment. Plan for around two weeks to register a GmbH. Obtain Company Name. Obtain the company name at the chamber of commerce.

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Setting up a company in Kazakhstan Shield GEO

Setting up a company in Kazakhstan. When setting up a company you may want to consider these factors: Business Factors. In 2011, Kazakhstan eased business start-up by reducing the minimum capital requirement to 100 tenge ($0.70) and eliminating the need to have the memorandum of association and company charter notarised.

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Payroll and Tax in USA Shield GEO

The company will need a local accounting firm and potentially legal counsel to ensure full compliance with USA employment laws. Fully Outsourced Payroll & Employment . Companies can outsource the employment and payroll of their staff in USA to a GEO, like Shield GEO. This is possible for both foreign workers and US nationals.

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How to Develop Company Values That Resonate With Your

Firstly, pick values that actually describe your company. Be specific. There’s no point in choosing vague company values that could describe anyone. Words like integrity, respect, determination, and teamwork may initially feel quite descriptive and aspirational but are often overused, which makes it difficult for a team to identify and

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Hiring Foreign Workers Without Setting Up a Company

There are advantages and disadvantages of hiring foreign workers outside a company’s home country, and one key challenge is the need to comply with local employment laws. Many countries require a local corporate entity to run payroll and meet withholding requirements for workers. However, the steps required to set up a full company in a

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Setting up a company in Cyprus Shield GEO

The company’s memorandum of association may specify that directors have unlimited liability for the debts/obligations of the company. 2. Public limited corporations. Companies wishing to list on the Cyprus Stock Exchange are required to set up a public limited corporation.

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Hiring Remote Workers in the Philippines: A Guide for US

If your company has a serious commitment to the Philippines, such as starting a call center or other business operation, then it may be feasible to set up your own entity or branch office. The requirements for business incorporation and registration can be daunting and will require some investment, as well assistance from local experts.

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Setting up a company in Ireland Shield GEO

A company is a separate legal entity and, therefore, is separate and distinct from those who run it. Only the company can be sued for its obligations and can sue to enforce its rights. There are several types of limited company: A Private Company Limited by Shares (LTD company) A Designated Activity Company (DAC) – (limited by shares)

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Setting Up a Company in Singapore Shield GEO

A company must have a registered office situated within Singapore. Your company registration agent can provide this service if required. You may alternatively register a residential flat or property under the Home Office Scheme (HO). The first step in incorporating a company is to …

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Quick Guide to Closing Down a Foreign Subsidiary

When a multinational company sets up a subsidiary or branch office in a foreign country, they are expanding to meet business goals, but might not anticipate the steps required if they need to close the branch. Not every foreign venture succeeds, therefore closing a subsidiary abroad should be considered as one possible outcome in researching

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Setting up a company in Iraq Shield GEO

Company collects registration certificate of the branch or representative office. Once the company’s application has been fully reviewed, they should attend the OCR to receive the decision, which is also published in the Official Gazette and Bulletin of the Registrar of Companies.

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