Does this mean that each subsidiary needs to be registered?
Say for example i wanted to start ABC Cleaners, ABC Contractors, ABC Security Services, ABC Designs all belonging to Holding company ABC Holdings. What's the process here?
Does this mean that each subsidiary needs to be registered?
Say for example i wanted to start ABC Cleaners, ABC Contractors, ABC Security Services, ABC Designs all belonging to Holding company ABC Holdings. What's the process here?
Reminder: A holding company can only "trade" in the ownership of other registered companies.
This means the short answer to
is YES.Originally Posted by sbongak
You should also bear in mind that each activity of the company needs to fall within its declared scope of activities.
Participation is voluntary.
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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?
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