How OCL can assure smooth operation of your business.
When looking to expand your business outside your home jurisdiction, you will need an in-depth understanding of the local requirements. With the myriad of regulations that differ from country to country, setting up a business in a foreign jurisdiction can be a daunting task. Fortunately, OCL Business Associates is here to guide you through the process.
In many cases, local licenses are required to operate. In some countries, it may be necessary to partner with a local company to meet the ownership requirements for your industry. You may also need to consider trademark registration in some jurisdiction to protect your company’s intellectual property rights.
Partnering with OCL can benefit your company as you can leverage our team’s expertise in licensing and trademark registration. We can advise you on the most appropriate licenses depending on your sector and walk you through the correct process for efficient application.
Once established and operational, there are unique requirements for each jurisdiction regarding corporate reporting including lodging annual returns, maintaining minute books of directors meetings, registers of beneficial ownership, nominee directors, and notifying the local regulator of any changes in the ownership structure of the company. Our company secretarial services will take care of all these administrative requirements, allowing you to focus on the mission-critical tasks of the business.
And when the time comes that you want to cancel your business in East Africa due to winding up or liquidation, we can also help you with company dissolution, or apply for dormant status if you prefer not to close your business’s door for good.