A. INCORPORATION
First of all, the person must decide what kind of activity is the most profitable and/or possible. Business may by conducted as an individual person’s business activity, corporations (limited liability company and joint-stock company) and partnerships (general partnership, limited liability partnership, limited partnership, limited joint-stock partnership).
To incorporate a new company (in general) the agreement/articles of incorporation etc. must be concluded and share capital must be paid. In most cases, a public notary should be involved. After this step, it is obligatory to perform registration in the national court Register. District Courts keep the national court registers.
B. POST INCORPORATION REGISTRATIONS
The newly incorporated company must open a bank account. This bank account must be provided to respective Tax Authority.
Company must also register itself as VAT payer, of course if the activity is linked with VAT.