The bill on the simplification of company registration formalities via a notary passed the second reading. In case the company’s founders certify their signatures on the registration application vis notary, the latter will be liable to submit the application to the tax authorities on the same day. This will become a single notarial act. New rules will not apply to specific types of legal entities subject to a different registration procedure (i.e. banks).
NAZALI TAX & LEGAL