The exact process may vary depending on the business activity and jurisdiction. The general steps include:

  • Determine business activity: Identify the nature of your business.
  • Choose legal structure: Decide on the company’s legal form (e.g., LLC, sole proprietorship).
  • Reserve trade name: Select and register a unique business name.
  • Apply for initial approval: Obtain preliminary consent from relevant authorities.
  • Lease business premises: Secure a physical address for your business.
  • Prepare legal documents: Draft and notarize necessary documents like the Memorandum of Association.
  • Submit final application: Provide all documents and pay fees to receive the license.​

Elena O.

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