Steps involved in Company Formation Set up

Setting up business anywhere in the world, significantly depends on the rules & regulations, the business environment and the culture prevailing in the respective region. It is important that all related issues are identified, understood and dealt with effectively during the course of setting up the business.

There are various ways of doing business in a new country, one of the ways is to set up a legal entity in the country you wish to operate in. This requires research on the new business environment and subsequent planning to set up the business, based on the research. Like a chess game, the success depends on decisive and correct opening moves. At this juncture, PGMA plays a vital role.

The key steps involved in setting up a business in a new location may be summarized as follows:

Step – 1: Converting a concept / business idea into a workable proposition

Action involved:

A Pre Feasibility Study to evaluating the business idea / concept within a set of specified constraints and providing a clear path for converting it into a business proposition.

Step – 2: Preparing for the Company Formation

Action required:

A detailed market research and feasibility study to convert the business concept and general information available into a working document to be used for operational reference, approvals and investment.

Step – 3: Incorporating the business entity:

Actions involved:

• Choosing appropriate legal structure of the business
• Choosing location of the proposed venture
• Preparing the required documentation for registration of the entity
• Co-ordination with the relevant regulatory authorities for approvals and obtaining incorporation documents
• Managing the documentation and other regulatory requirements of the new entity till regular operations commence
• Recruitment of personnel required for the new business

PGMA through its various entities provides you professionals services related to every step you take in the process of incorporating your business entity.

Incorporating your business: The role we play…

Apart from helping you conduct market research and feasibility studies, PGMA can offer the expert advice and hand-hold your initiative through the complete process. This includes:

• Advise on appropriate legal structure of the business
• Advise on location of the proposed venture
• Assistance in preparing the required documentation for submission
• Co-ordination with the free zone / government authorities for approvals and obtaining incorporation documents
• Secretarial services for the new company
• Reminder for renewal of licenses etc.