If you want to start a business, you need to register a business. However, there are many questions and issues to consider during the business formation process such as: etc. Confidus Solutions is here to clarify everything and give you a clear picture of the whole incorporation process, as well as provide legal advice on how to achieve your goals and what solutions are most efficient for you.

For the sake of simplicity, we can divide the whole company formation process into three main phases: preparation, when all the important decisions regarding jurisdiction and legal form are made; Registration, when the company's legal documents are signed and submitted to the National Business Register; and Closing – after the company is registered there are some things you need to take care of before starting your business such as: B. Opening a bank account and acquiring VAT status (if required). You can read more about this below.

Preparation: Things to do before starting a business
Before you even create the documents, you need to make two decisions to determine how to proceed: In which jurisdiction will you incorporate your company? And which legal form will you choose? These two factors determine a variety of things, such as the incorporation process, the documents required, and the taxes your company must pay. Visit our website to learn more about the main jurisdictions and legal structures.

After you have decided on the location and legal form of your company, you need to think about the company name and legal address. There are usually specific requirements that the company name must meet, but these vary from country to country, so it is best to check the availability of your desired name before creating any documents. A legal address can usually be rented along with virtual office services if required.

Registration of your company
Once the preparatory steps have been completed and all relevant decisions have been made, it is time to start registering the company. This process varies greatly by jurisdiction, which is why we can only provide general guidelines here.

First, contact your lawyers and start drafting the necessary documents. Most incorporation documents should be signed in front of a notary public, with signatures notarized (and apostilled if necessary). Document creation usually takes between one and five days. Also keep in mind that the initial deposits into the company's equity must be made before filing the documents with the commercial register. Banks usually open a temporary bank account solely for the purpose of depositing equity.

After all documents are created and signed, they must be filed with the local trade register. The business register examines the documents to determine whether they comply with national laws and regulations and to ensure that the proposed shareholders and directors are free from registered restrictions. Company registration usually takes between three and 14 days, depending on the country.

Finalization: preparing your company to start operations
After entry in the commercial register, your company is almost fully operational. The only remaining tasks are opening a bank account and possibly acquiring a VAT number. Also, depending on the area of ​​your business, you may need additional licenses and/or permits to operate.