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2.1. Main Formation Requirements

Key steps to be followed for registering a company are:

  • Reserving company name with the office of the Company Registrar
  • Drafting of the company’s memorandum and articles of association
  • Opening bank account at a commercial bank
  • Paying the registration fees and registering the company with the office of the Company Registrar
  • Obtaining a certificate of incorporation from office of the Company Registrar
  • Registering the company at the Inland Revenue Office for income tax and VAT
  • Registering the company and the employees with the social security fund
  • Obtaining company stamp