The Company Acts specify the three types of business that can be registered.

a) Private Limited Company;

b) Public Limited Company; and

c) Non-profit Distribution Company

Notably, the main distinction is that Public Limited companies can raise funds from the general public, whereas Private Limited companies are limited to the number of shareholders with whom you want to collaborate or solely collaborate.

You must choose the type of business and register accordingly for this purpose. The registration procedures are simple and straightforward.

First and foremost, reserve the company name under which you intend to register the business.

Provide OCR with a hard copy of the required documents.

After receiving OCR certification, go to the Inland Revenue Department and register according to the rules.

You must pay a registration fee based on the amount of investment available to the e-commerce business.