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2.1. Main Formation Requirements

Key steps to be followed for registering a company are:

  • Reserving a company name with the Registrar of Companies at the Ministry of Trade and Industry
  • Paying the registration fees and obtaining a certificate of incorporation and certificate of business commencement from the Business and Intellectual Property Authority as also obtaining a tax identification number from the Receiver of Revenue
  • Opening a bank account and depositing the initial capital
  • Obtaining fitness certificate from the municipality after the inspection from fire and health department
  • Registering the company for obtaining VAT and PAYE number with the Receiver of Revenue at the Ministry of Finance
  • Registering the company with the Social Security Commission