Setting up a business

Do you want to take control of your financial future? Do you want to make a living as an entrepreneur? If the answer is „yes“, then take a risk and set up a business of your own.

But the process of establishing a company includes several important steps you have to take:

  • Everything starts with a good business idea. So, come up with a new business idea and start looking for an opportunity.
  • It’s important that you choose the right legal form for your company – which would be best for your business - partnership, sole proprietorship or a limited company. Choose and check the business name.
  • Next, you should learn about funding possibilities. Calculate the start-up costs of your business. You might invest the savings in your business or apply for a business loan. You could also raise finance by looking for partners.
  • Next, you should verify your foundation documents by the notary or file an electronic request to Commercial Register.
  • You shouldn’t forget about acquiring licenses for business activities for which a license is required.
  • After the entry of your business in the Commercial Register you can start operating.