Finweek English Edition - - Economic trends & analysis -

> COM­PA­NIES WILL be reg­is­tered with a one-page doc­u­ment or mem­o­ran­dum of in­cor­po­ra­tion that will be lodged with the Reg­u­la­tor. Reg­is­tra­tion of a com­pany name won’t be com­pul­sory and names will be re­stricted only to pro­tect the pub­lic from mis­lead­ing or hate­ful names, as well as ex­ist­ing com­pany names.

Once a com­pany has a reg­is­tra­tion num­ber it will be able to trade im­me­di­ately. Only one per­son is re­quired to reg­is­ter a “for profit” com­pany and three peo­ple for a non-profit one.

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