New businesses often start with the exciting parts and leave the foundations until something forces the issue. A little order early on saves considerable rework.
A sensible order
- Decide the structure and get the incorporation and registrations in place
- Open banking and payment accounts in the business name
- Set up a simple, consistent bookkeeping process from day one
- Understand which licences or approvals your activity requires
- Prepare payroll before your first hire, not after
- Agree a basic reporting rhythm so you always know where you stand
Confirm your obligations
Registration, licensing and compliance requirements depend on your activity and can change. Check the current position for your specific case rather than relying on general guidance.
Support from AEO
AEO supports new Gibraltar businesses through incorporation, licensing and registration, and sets up bookkeeping and payroll so the foundations are right from the start.