Prepare the ownership, directors, address and participant CRAs before the incorporation application so CROS approvals do not become the bottleneck.
Every formation participant needs the required CROS access
The Registry states that every person engaged in formation, including directors, incorporators and an attorney-at-law involved in formation, must have a CRA.
Each participant should ensure the personal information in the CRA is current before the company filing begins.
Reserve the company name
Search the proposed name, then submit the company name reservation through CROS. The Registry currently publishes a TT$25 reservation fee and three-working-day processing time.
An approved reservation remains available for 45 days, so coordinate the rest of the formation work within that window.
Prepare the company particulars before the application
Decide the directors, incorporator or incorporators, registered office, share structure and ownership before the application is entered. Last-minute changes can force participants to repeat approvals or documents.
Use names and identification details exactly as they appear in the relevant Registry records.
Complete the CROS filing and signed-document step
The current Registry process includes electronic submission and payment, followed by delivery of signed Articles of Incorporation and related prescribed notices for completion.
Keep the registered documents together because banks, tax authorities and later company filings can require them.
Prepare the company decisions before you prepare the filing.
Before incorporation, decide the proposed company name, directors, incorporators or shareholders, registered office and the basic share structure that will be reflected in the company records. Those decisions affect what is entered into CROS.
Every participant who must approve the formation needs the appropriate Registry account and access. Check names, addresses and contact information before the filing is assembled so one person's inconsistent details do not delay everyone else.
Keep a formation checklist with the name reservation, CRA readiness, company details, officer details, Articles, filing fee and final registered documents. That gives the business one record of what has been completed.
Questions people ask
How many directors does a private profit company need?
The Registry guidance states that a private company must have at least two directors.
Does every director need a CRA?
Every person involved in forming the company needs the appropriate CRA for the CROS formation process.
Is company name reservation separate from incorporation?
Yes. The name is reserved first, then the incorporation application is completed under the approved name.