Basic Requirements to Become a VAT Payer

To become a VAT payer you need to:

Prove your business is real by providing:

1) a description of your business activities

2) the contracts or preliminary contracts with your customers, suppliers, and transportation companies

3) bank statements

• Provide the address of your business (note: it must be the actual address, not a “registered address”)
• Provide a list of your customers and suppliers and the goods and/or services you have purchased from them
• Provide a list of your shareholders and partners and specify whether any of them hold shares (stocks) in other companies
• Provide any permissions and/or licenses required for your business activities
• Specify the number of employees your company intends to employ (note: Joint-stock companies and public enterprises must employ a manager)
• Explain how the company’s activities will be carried out if the manager is a foreigner or lives in another country