Steps to Establish a Business: Legal and Administrative Requirements
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Adoption of Legal Personality
Certification of a Negative Social Denomination
Applying for a name that meets the requirements prohibiting established commercial names. The regulation prevents the coincidence of the name of two or more companies. Applications must be made to the Central Business Register for companies, and to the Cooperative Society Registration for cooperatives. It contains personal data of the applicant. If six months pass without registration, it is canceled.
Opening a Bank Account
For some companies, a minimum capital is required, which can be deposited into a current account, where appropriate. The financial institution will issue a certificate of deposit that will be delivered later to the notary.
Articles of Association
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