Starting a HOLDINGS Company

**Dave A** · 28-Jun-15, 09:56 AM

Reminder: A holding company can only "trade" in the ownership of other registered companies.
This means the short answer to

Originally Posted by sbongak

Does this mean that each subsidiary needs to be registered?

is YES.

You should also bear in mind that each activity of the company needs to fall within its declared scope of activities.

**BusFact** · 08-Jul-15, 09:52 AM

Originally Posted by Dave A

You should also bear in mind that each activity of the company needs to fall within its declared scope of activities.

How necessary is this really? Usually we have to fill in our main source of income when doing tax returns for example. But surely there is no requirement to only work in a specific industry?

For example: If we are currently making plastic hats for the entertainment industry, are we really forbidden from now trading in steel hats for the mining industry?