The world at your fingertips
Gemana provides its Clients direct support and prompt assistance to set up their new branches and to identify reliable professionals to manage and run the new company. Gemana can offer services covering the start-up phase, bank accounts opening, finding a location, setting up of support services and facilities (fax, phone, electricity) as well as the day to day running of the business, the preparation of balance sheets and carrying out of filing and papers in compliance with local tax regulations.
Establishing a business is often a wise choice for most companies. What seems simple can quickly become confusing because of the great deal of laws to be managed, and if the business is managed to get any fiscal benefit this would be illegal, uneconomic and dangerous as well.
If you want to make an incorporation, there are some different options:
- The first option is to set up the new company without any collaboration from an advisor. In some States, this is a fairly simple process. In others, it could be complicated and confused. It depends on your actual level of expertise and knowledge of the laws in force in the concerned jurisdiction.
- Your second option is to use a cheap online service. They only make the incorporation for you for a few hundreds dollars, but then you are on your own to take charge of all the work, both in the start-up and in the management. The only thing you can do is to boast with clients and friends that you are the owner or the director of a Company, but nothing else, so you would end up with a corporation and have to figure out how to assign ownership, have the tax practices made and deal with all the administrative matters by yourself.
- The third option is to use a business advisor such as our Group. The advantage for you is to get the corporation and some advice about how to run it properly - not only in the incorporation phase but also in the managements of specific documents as power of attorney and many other support services, such as, for example:
- Drafting of yearly balance sheets;
- Identify professionals who can carry out audits, if required;
- Submit balance sheet to auditors;
- Carry out audit of balance sheet;
- Drafting and filing of yearly tax returns;
- Providing you with nominees to be appointed as directors and shareholders.