Online company incorporation is a process of electronic filing of company incorporation documents. A state-of-the art electronic information delivery software system accessed by officially approved software is utilized in the online company incorporation. Authorization of software, presenter, and user of the system is necessary to conduct the process.
Some of the company formation agents like Company Registrations Online Limited were among the initiators who used this type of system. The company is using this system for almost 95% of its total client list, whereas, companies with 'sensitive names' and limited liability partnerships are still processed on paper.
To obtain the service of online company incorporation, the applicant must have these software loaded in his computer such as Windows 2000/XP, Internet Explorer version 6.0 and above, and Adobe Reader version 7.0.5.
In some countries, the validity of the approved name remains for a period of 6 months from the date of approval. Renewal of the name must be done within 6 months after submitting the respective form and fees. Names which are against the guidelines or are allowed by mistake are withdrawn by the authorizing entity before or after incorporation of the company.
Company formation agent provides Director Identification Number (DIN) to an existing director of the company or a person who is expected to become the Director. It is pre-requisite for filing certain documents related to the company.
It is seen that different agents have differences in their processes because of their website and software implementation.
The Company handles the formation of Delaware companies for non-residents and US holding companies. Malta Offshore Companies, Malta ITCs, and Malta holding companies are also its part of formation. In addition to this, the company also handles formation of some European companies located in UK, Cyprus, and Malta.
The company specializes in setting up and managing Malta International Trading Companies (ITC) and Malta Holding Companies (IHC). The company provides company incorporation within 24 hours, bank accounts, credit cards, and internet banking. The company also maintains long-term business relationship with its clients by providing transparency in services and costs to its clients.