Incorporation
The formation agent refused to register our company.
Company formation is no longer a clerical service. Registered agents and corporate service providers are themselves regulated obliged entities in most jurisdictions, which means they run customer due diligence on the beneficial owner and the intended activity before filing anything. A stated activity of online gambling, adult content, or crypto services is enough for many providers to decline at intake.
The refusal is usually a policy match rather than a finding. The provider's own bank, its licence conditions, or its indemnity insurer prohibit the category. Common triggers are a prohibited activity list, an unverifiable source of wealth, a nominee arrangement the provider cannot see through, or a beneficial owner resident in a jurisdiction the provider will not accept.
The cost is not the lost fee. A declined intake is recorded, the same provider often serves several jurisdictions under one brand, and a second attempt with the activity described more vaguely creates a worse problem: a misdescribed activity surfaces at the first bank review.
How LTB Resolves It
LTB establishes the actual ground for refusal, then places the formation with a registered agent in its network whose intake policy accepts the activity as described accurately. That means presenting the activity, the beneficial ownership, and the source of wealth properly at the outset, with the supporting documents assembled before intake rather than requested during it.
The formation is filed by the licensed agent in the relevant jurisdiction; LTB structures the file, selects the jurisdiction against both the activity and the intended banking route, and coordinates the two together so an accepted incorporation does not become an unbankable company.
Questions
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