Making Company Management
an easy task for your business
As a Company Manager, we will be able to provide you with company administration services including company incorporations, secretarial services, registered office/address & document filings.
BENEFITS OF REGISTERING A COMPANY
What are the pros of forming a Company?
An incorporated company is a legally recognised entity that exists separately from its owners and shareholders, which is different from partnership. There are various pros for incorporating a company, rather than being a sole trader
that is cost-effective & simple to set up.
Limited liability means the debts are the company’s – not yours. Operating your business through a corporation provides a layer of security against personal liability. It makes it more difficult for someone to go after your personal assets if the business defaults on its debts. Being a company, only your company assets are liable to creditors for the recovery of their losses .
Tax Saving & Deferral
In some situations, corporations have a lower tax rate than individuals. Operating your business through a corporation instead of a proprietorship can help to defer and save taxes. Limited companies stand to be more tax efficient than sole traders, as rather than paying Income Tax they pay Corporation Tax on their company profits.
Assets & Property
An incorporated company is permitted to own its own funds and other assets. The property of the company is not the property of shareholders, it is the property of the company. The company is the real person in which the property is vested, and by which it is controlled, managed and disposed of.
Capacity to Sue
As a separate legal entity, an incorporated company has the right to sue other people in addition to companies. In turn, it can be sued by other companies and people. However, the directors and other officers are not liable to be sued in the name of the company.
An incorporated company has the characteristic of perpetual succession. In spite of any changes in members of the company, the company will be the same entity with the same privileges, immunities, estate, and possessions. The death or insolvency of individual members does not affect the incorporated company in any way or form. The company will continue to exist indefinitely till the company is shut down. As the Companies Act states, ‘Members may come and members may go, but the company can go on forever.’
Name your Company? Is that name available?
The first step in the incorporation of any company is to choose an appropriate name. A company is identified through the name it registers with Companies House. The name of the company must be stated by requirement, in the memorandum
of association of the company.
What is required to incorporate a Company?
There are various applications, contracts, certificates & documents required to successfully incorporate a company in Gibraltar. We can assist and prepare the following:
REGISTERED OFFICE & ADDRESS SERVICES
What is a registered addresses?
If you’re setting up a Gibraltar limited company for the first time, it is important to understand the difference between the types of addresses you’ll be asked to provide, including a registered office and business address. Each address serves a different purpose, and you must adhere to strict company address rules when choosing the type and location of some of these addresses. The address services we provide are:
Registered Office Address
This is the legal correspondence address of a company, required by Companies House and disclosed on the public register of companies. Official government mail will be received there. A company may or may not be based at this address, but it must be in the same country (legal jurisdiction) where the company is registered.
This is usually where a company is based and/or where the business chooses to receive non-statutory mail from clients and customers, suppliers, banks, etc. It does not have to be provided to Companies House and will not be disclosed on the public record, unless it is also the registered office or service address. It can be anywhere in the world. A company may choose to use a single address as its registered office, and business address. Alternatively, a company may wish or need to use different addresses for each purpose.
COMPANY SECRETARIAL SERVICES
What is the role of a Company Secretary?
A Company secretary is the most senior administrative officer of a private or public company or organisation. The duties of the person responsible for company secretarial matters are not defined specifically within company law but may be divided generally into three main areas; maintaining statutory registers (keeping the company’s records up-to-date), completing and filing statutory forms (keeping the public record up-to-date) and meetings/resolutions (making sure the company abides by both its internal regulations and the law).
We offer a full range of services ensuring our customers have the ability to remain compliant and make changes to their companies with professional and expert assistance as and when needed. As your appointed company secretary, we will handle all company register maintenance, appointments, resignations and changes therein to your company and confirmation statement filings
FOR FURTHER INFORMATION
Are you ready to set up your own Corporate entity?
Please get in contact with us & one of our Company Managers will be available for further consultation & information – please click here.