Update on company registration, only 2 people are needed to register now!
Company registration is an important step that every entrepreneur must undertake in order to make their business a legal entity in accordance with the law. Company registration is not just a legal procedure, but it also affects the credibility and image of the company as well.
Register a company, only 2 people are needed to register.
Currently, there has been an amendment to the legal exception that for businesses with 2 or more founders, they can now register as a company. Previously, 3 people were required. This has been in effect since February 7, 2023. Relaxing this condition is a great opportunity for new entrepreneurs who want to establish a company, as they can now register a company with fewer requirements than in the past.
Update on company registration, only 2 people are needed to register now!
Why You Should Register a Company:
- Limited Liability – Registering a company helps protect your personal assets from business risks.
- Image and Credibility – Customers and business partners tend to trust companies that are properly registered under the law.
- Tax Benefits – Registered companies may receive certain tax benefits.
Steps to Register a Company:
- Choose the Company Type – e.g. limited company, limited partnership, etc.
- Reserve a Unique Company Name
- Prepare Registration Documents – e.g. Memorandum of Association, Company Articles, etc.
- Submit the Registration Application with Supporting Documents
- Register for Tax and Corporate Tax ID Number
- Complete Any Other Legal Requirements
After successfully registering your company, you will have a clear legal status and can operate legally, increasing your chances of business success. While registration may seem complicated initially, it lays a solid long-term foundation. If you have any other questions or need advice on company registration, we’re ready to consult and assist you through the process.
