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It certainly is, but you probably don’t realise just how complicated. I have documented the process below. Buckle up, it’s a ride… For comparison registering a UK Limited liability company takes… ....
<p><span>In line with its commitment to advancing the availability of open, accurate, and relevant entity identification data around the world, the Global Legal Entity Identifier Foundation (GLEIF) has collaborated with Sociovestix Labs to create a machine learning tool that recognizes an entity’s specific legal form and automates the assignment of its corresponding Entity Legal Form (ELF) code. The ‘Entity Legal Forms (ELF) Code List’ is based on the ISO standard 20275 ‘Financial Services – Entity Legal Forms (ELF)’ and assigns a unique alpha-numeric code of four characters to each entity legal form.</span></p> ....