How to establish your own company
Company foundation using your own labour is the cheapest way to start a business, although it is usually the slowest way and the most time demanding. You have to visit offices, complete around 20 forms and, if you are not lawyer, spend many hours studying of the respective laws and regulations. Our company foundation service simplifies and speeds up the whole process. We will advise you on the whole foundation process, settle the administration, ensure the notary, trade licences and registration into the Commercial Register.
Do you know what you need to go through when founding a company?
If you decide to found a company using your own labour, be prepared for the following:
- during company foundation you will lose approximately one months work from visiting offices and filling in forms (according to the World Bank, the average length of business company foundation is 40 days).
- during company foundation you need to undergo 14 visits in 8 different offices and institutions
- during company foundation you need to deliver almost 30 forms, acknowledgements, extracts, applications and proposals
- during company foundation you need to fill in almost 20-pages of forms for proposed registration into the Commercial Register
- during company foundation you will probably have to pay a lawyer because orientation in all supporting materials is very complicated
- each error made when filling in documents will prolong the whole foundation process
