Here is a comprehensive summary of the technical and authorized hurdles, which an industrialist must overcome to register and incorporate a new company, all along with their cost of installation and associated time.

It study the time ,procedures and cost concerned in initiation a industrial or commercial firm with up to 50 workers and an initial investment of 10 times of the economy's per head of gross national income (GNI).

Check the uniqueness of the proposed company name

Project work on the company, signed by an attorney

Due to the company formation of documents must comply with business laws and regulations, companies often turn to professionals. Registration and submission of applications (for example, the statutes of the Office of the Solicitor to the court, records) should be signed by an attorney, either as an agent of the founders or their lawyer. The organization of business by lawyers acting through powers is also a common practice.

Authenticate the company works

The fees of the notary public to authenticate company’s work is established in the Notary fees Law. A licensed attorney typically drafts the law, but a licensed notary public to notarize the deed (the deed is to be included in the protocol of the notary and recorded in public records). Lawyers are not legally authorized to authenticate or certify documents.

Buy books from the trading company

The cost of buying the company commercial books is $ 22 for hardcover books in any bookstore. Books must be submitted to the Civil and Commercial Court to have all pages sealed by the judge. On the first page of the book, a stick specify how many conserved pages the book contains and that was listed in the Public Registry of Commerce; states the number of court order, the date and name of the judge who issued the order.

The company must take special trade books at its registered office. The number of books and the accounting system used is left to the discretion of the merchant. At a minimum, though, an everyday record of company transactions should be maintained and an inventory report must be kept in a separate book .Other books may be required for certain types of business in accordance with the law.

Submit registration documents at the single access window (SUAE)

Through the innovative method, Sistema Unificado de Apertura de Empresas (SUAE), the founders are required to meet only the following procedures to register a business with the Ministry.

- Surrender all certification in a single window for review and authorization. As it is accepted, the papers are scanned and the information is loaded into a single application form. SUAE assigned an identification number that allows the founder to oversee the process of registration through the Web site.

- The statutes and other documents of entrepreneurship are presented to the Treasury Solicitor's Office, which issues and reviews a publication and registration.

- Application for tax registration with a hand over of the Ministry of Finance.

- Get the registration number of the taxpayer.

Publication of an extract from the statutes in the Official Gazette and a newspaper

The treasury attorney commands the publication of an extract of the law in the executive Gazette and any more newspaper of wide movement in the market in which the business is placed. The extract is available for three successive business days.

Municipality conducts an on-site inspection

Before granting the license, municipal inspectors conducted a site inspection of the company's main office to verify compliance with the bylaws.