Legal address for a company abroad
When registering a company abroad, one of the key issues is choosing a legal address. This strategic decision impacts many aspects of business - from the convenience of opening bank accounts to streamlining the process of receiving and sending important corporate correspondence.
Antwort Law actively assists companies in obtaining legal addresses, and we are happy to share information about your options and what consequences may arise if this issue is not taken seriously. Let's define three main address options, each covering a company's specific needs:
1) Official address: purchased for company registration, appears in government agencies and company's main documents, and accepts important documents from government agencies.
2) Virtual address: the same address as the official one, but with the ability to receive government and any correspondence addressed to the company and forward them to an address convenient for you. It is important to note that a virtual address is not suitable for concluding an office lease agreement and obtaining utility bills, which, in our experience, along with bank statements for the last 3-6 months, are often required by banks as confirmation of a corporate address.
3) Traditional address: a classic office that requires a lease agreement and monthly payment. As a rule, it is necessary for more conservative banks and organizations to issue licenses.
An untrusted address and its provider can lead to serious problems. A potential client turned to us for qualified help since he was faced with the negligence of a previous service provider. He lost more than $1.5 million due to poor provision of a legal address in the UK. A year ago, his company received a letter with a claim for a large sum, but the entrepreneur did not know about it due to the provider's negligence. Failure to respond to this claim led to filing a claim to wind up the company, the start of a long and costly legal process. We were able to help the client obtain a new, reliable legal address and avoid future problems with correspondence.
When contacting unqualified specialists and trying to save money, there is a risk of choosing a bulk address for your company. A mass address is when several, dozens, or even hundreds of companies are registered at the same location. Many banks tend to refuse to accept such addresses because they are not suitable for the normal functioning of the business. To prevent the risks associated with such a choice, we recommend that you always check the address for mass availability in public registries of legal addresses.
Also, it would help if you did not allow dubious places and objects of unknown purpose as your company's legal address. For example, recently, Ksenia Sobchak, during a public interview with Morgenstern in Dubai, drew attention to the suspicious legal address of his crypto company in the UAE. At this address, a building was located far from the city, completely different from the company's office. Such unclear situations can raise doubts about the company's reputation and its founder and cause negative consequences when dealing with banks or government agencies.
Each option – from a traditional office to a virtual address – has advantages and features. We are ready to help you understand the nuances and choose the best option based on the needs of your business. Selecting a legal address is not just a formality but a key step that will determine the future of your business. Antwort Law, as your reliable partner, provides all legal addresses depending on your needs.