Options for registering a business

[mehadihasan123456]

For example, in Belarus and Russia, several basic registration options are most often used for small and medium-sized businesses:


Craftsman
The status of artisan can be obtained by individuals who are engaged in the production of products by hand.
To register, you must submit an application to your local authority.
Craftsmen are not required to pay taxes or social security contributions.
However, they do not have the right to hire employees or use hired labor.

Self-employed
Individuals who are citizens of the country or have azerbaijan email list a residence permit.
They are not employees or family members of the employer for whom they work.
Do not manage other organizations on a professional basis.
With a monthly revenue limit.
A specific list of services provided.
Sale of own production products (with the exception of some goods).
There is no need to open an individual entrepreneur or LLC.

Individual entrepreneur / IP
An individual entrepreneur can engage in any activity, except for some prohibited ones.
To register, you must register with the tax authority.
Individual entrepreneurs pay taxes according to the taxation system they choose (usually this is the simplified tax system or the general taxation system).
Individual entrepreneurs are required to keep accounting records (except for those who use the simplified tax system with a limit on the amount of income per month).
Individual entrepreneurs are required to pay contributions to social insurance funds.
Individual entrepreneurs have the right to hire employees and use hired labor.