Choose
a company name
Any limited company must have its own name. In
many English Common Law jurisdictions there are restrictions
as to the words that can be used to compose the name. A
company name should not contain these words: building society,
chartered, cooperative, financial, banking, insurance, trusts,
funds, assurance, king, queen, imperial, royal, municipal, or
words conveying similar meaning. It is also unacceptable to
use words that are indecent, offensive, misleading, or the
name of an existing company.
All company names must contain the following
words as part of their name: Limited, Corporation,
Incorporated, Sociedad Anónima, Aktiengesellschaft, Societe
Anonyme or the abbreviations ¡§Ltd.¡¨, ¡§Corp.¡¨, ¡§Inc.¡¨, ¡§S.A.¡¨,
¡§A.S.¡¨, or ¡§A.G.¡¨
Select a few options so that Aspen Global
Incorporations Limited can confirm the availability in your
jurisdiction of choice.
Setting-up your own business
Offshore companies are useful to anyone
providing professional consulting services for specific
periods of time. A limited company is a legal person in its
own right and has an existence separate from the people who
incorporate it. Anyone doing business or making contracts does
so with the company, and not the people running it. This
means that you limit your risk to the amount invested in the
company. As the shareholder or owner of the company you are
protected from personal liability for the company¡¦s debts.
Professionals
that can use an offshore
company
•Website Designers, programmers, IT consultants, web developers.
•Private Film Makers
•Executive producers, television producers.
•Teachers of any foreign language.
•Freelance translators and interpreters.
•Life, sports and fitness coaches.
•Recruitment consultants.
•Marketing and communications professionals.
Authorized Capital
In a
private limited company there is no obligation for the
shareholders to pay for the
shares they own.
These
shares
comprise the
authorized capital.
When shares are not "paid up",
shareholders are responsible to creditors only in the amount
or value of the shares that each shareholder owns.
