Business Name is registering the name of business under Registrar of Companies (only TRNC citizens can make the registration). Companies with Business Names are also known as sole proprietorship and have problems and unlimited ownership of debts of one natural person. These kind of companies are established easier and establishment cost is less than Limited companies.
Business Name registration application can be made as per Section 116 Collective and Limited Partnership Law
Under applications made for registration:
- Name search is done and confirmed.
- T.U.1. Registration form is filled in and submitted to Registrar of Companies.
As per Tax Liabilities Income Tax:
- Monthly Value Added Tax Return
- Annual Income Tax Return