offshore, non-resident
  Thursday, 9 September 2010

     During the course of running a non-resident company, an entrepreneur may often wish to introduce certain amendments to the company's constitution or make changes in the corporate structure of the company.

     There is a variety of amendments, with the most common being the following:

Change of the current name of the company
Change of the company's registered office
Change of the authorized share capital of the company
Change of the objects of the company (its permitted activities as prescribed in its constitution).
Change of the company's registered agent.
Change of the directors and shareholders of the company.

     Should the entrepreneur wish to make one or more of the afore-mentioned changes, the procedure is similar in all cases. The original constitution of the company (i.e. its certificate of incorporation, by-laws etc.) remains unchanged, and the special amendments or minutes attesting to the changes, are officially registered as an addendum to the existing documents. For example, if the company's name is changed, the original certificate of incorporation will not be annulled and substituted by another; instead, the change of name will be effected by a specially issued addendum, stating that from the specific date the name of the company has been changed to that shown on the addendum.

     The period for registration of such an amendment for a company registered in the Register of Enterprises of a specific US State, is 4 weeks. In other jurisdictions, each case should be considered separately.

 
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