How to Set Up an Overseas Company: A Step-by-Step Guide

Setting up an overseas company is a straightforward process, but it requires proper planning and compliance with local regulations. At Corpheroes, we offer a four-step approach to help you establish your company abroad.

Step 1: Define your business activities and choose a name that suits your brand. This step is crucial as it allows you to decide which goods or services your company will trade under its name. Our team of experts can help you identify the most flexible types of activities allowed in your chosen jurisdiction.

Step 2: Name check and reservation. Preparation of the KYC (Know-Your-Customers) and other due diligence files. Once there are several desired names for the anticipated company, we will have to check their availability and if the company would be able to use them in the future. Furthermore, it is required to provide the personal KYC documents (copy of passport and utility bill) for each person appointed within the company’s structure. However, there are might be specific cases when additional due diligence documents are required. Some examples of that could be additional ID documents, professional references or bank account statements. The totally different approach relates to the situations when another entity needs to be appointed as corporate director or shareholder.

Step 3: Registering an entity with the local registry. Acquisition of the corporate files. Once we’ve collected all the required documents and information, we’ll work with local authorities to obtain the certificate of incorporation and other initial corporate files. The process typically takes between 2 and 10 business days, depending on the jurisdiction. When apostilled documents are needed, we would be pleased to offer our help as well.

Step 4: Corporate accounts. After your company is registered, we can help you open corporate accounts to facilitate payment transactions. Our team works closely with you and banks to ensure compliance with local and international AML standards, which may take up to 3-4 weeks depending on the country.

At Corpheroes, we’re dedicated to provide full assistance at every stage of your company formation process and can help you choose the best jurisdiction to incorporate in. Contact us today to get started.