Doing business in different countries also require different requirements from the entities or companies who would like to apply for the proper permits and licenses to conduct business. In some countries, their governments have made it easier to apply for business or do company incorporation while some nations may still be lagging behind when it comes to their ease of doing business.
No matter where you are in the world and how easy it is to open a business where you are, there can still be some common problems that entrepreneurs or companies may face that cause delays in their business applications or company formation process. Consulting experts at chambersdubai.com give some of the most common reasons why your business permit or license application may get rejected:
Offensive Company Name
Depending on where you are, there are different rules governing company names and before you write your chosen name on the application, make sure you have researched about the specific rules in your location. Keep in mind that when you are choosing your company name, it should be something that is relevant to your business and most of all something that is not offensive.
When choosing your company name, be sure it is not offensive to any social group and does not include any sensitive or discriminating words that may be offensive to people. If the government agency you are applying to sees such kinds of company names, you will most probably get a red flag and they may question your intentions for using the name. If you would like to make your company formation process faster, choose a good name that will not cause controversy.
When it comes to writing your company’s address, it should be a complete address where you are ready to accept official letters, billings, and other documents once your company starts its operations. If you don’t have an office yet, or if you are just a start up and perhaps only doing your daily operations at your apartment address, you may also research about getting a registered office address in your area. This means you can get a prestigious business address in the central location in your city and have that registered as your official business address if you are not comfortable using your home or residential address as your business address.
As with any type of application you are making, whether it is for a school enrollment, visa application, etc., a common cause of delay is not having the complete documents that are required for the processing of your application. Before you start your business application, try to consult a company formation agency and ask their consultants about the updated list of requirements for companies who would like to open shop in the area. Doing this direct consultation with experts may set you back a few dollars in professional payment but it would be really helpful in the long run because you get to save time, money, and effort. Through your experienced consultants, you also get a chance to do your business application right the very first time and you get to start immediately with your actual company operations.