The easiest and simplest form to establish
Owned and run by an individual for the own benefit
Request the commercial registration at Department of Business Development
Business carried on a sole proprietor’s right, either under a personal name or a business name
Rely on loans and personal assets to initially finance their business.
All liabilities and debts as the personal liabilities
Income from a proprietorship considered as the owner’s personal income
Pay personal income tax (Prepare cash book - No bookkeeping) for tax declaration.
File tax returns form 90, 91