Minimum Number of Members: A private limited company requires at least one shareholder, while a public limited company needs a minimum of two shareholders. There is no upper limit on the number of members.
Directors: At least one director is mandatory. Directors must be individuals (not corporate entities) and generally must meet specific age and legal eligibility criteria.
Registered Office Address: The company must have a physical address within the jurisdiction of registration. P.O. Boxes are typically not accepted as the official registered office.
Company Name: The proposed name must be unique, not too similar to existing registered names, and adhere to naming regulations—avoiding offensive or restricted words.
Memorandum & Articles of Association: Preparation and submission of these foundational documents are required, detailing the company’s purpose, structure, and operational guidelines.
Capital Requirements: Depending on local laws, there may be minimum share capital thresholds or restrictions that need to be fulfilled.
Regulatory Compliance: The company’s activities must conform to all relevant local laws and industry-specific regulations to ensure lawful operation.