IP opening is a difficult matter, because, having decided to do this, you will have to face a huge number of bureaucratic procedures, in order to go through which you need a lot of strength and patience.
So, if you decide to open an individual entrepreneur, you first need to go through the registration procedure, which is carried out in accordance with Law No. 129 “On State Registration”.
For a successful passage of this stage, you will need to make a copy of the passport and TIN, provide a receipt for the payment of state duty and apply for registration of IP. When filling out an application for registration of the individual entrepreneur, do not forget to indicate in it the codes of the activities that you will engage in in accordance with the OKVED.
Within 5 days after submitting the application and all the necessary documents, you must issue a certificate of registration with the tax inspectorate, as well as a certificate of registration of IP.
After the opening of the individual entrepreneur, you will need to submit reports on conducting your activities quarterly. In this report it will be necessary to indicate the income that you received for a certain period. In order to do everything correctly and without delay (which can put fines of fines), you can accept the services of an accountant for IP,. In this case, you will not have to worry about the reporting, because the specialist will do it for you at the required time.
