How to establish LLP

If you have already registered LLP, we recommend to do the following:

• Submit a tax application "Notification of the applicable tax regime" for entities wishing to apply the simplified tax regime within 20 working days after registration. Otherwise, they will automatically be on the General taxation regime.
• verify that a bank account has been opened;
• verify that mandatory employee insurance has been arranged.
• Obtain digital signature;
• In case if you perform an activity that is subject to licensing, you need to obtain a license for the right to perform the activity;
• In case if the amount of turnover within one calendar year exceeds 10000-fold MCI, you need to register as VAT payer;
• Acquire and register cash register with fixation and data transmission function;
• organization of accounting and tax record-keeping;
• Order a seal.
• Familiarize with types of reports on the Bureau of National statistics website.