There are some common statutory requirements to be complied with by all the companies at the stage of establishment. These can be listed as follows:
• Legal personality: All companies regardless of the number of its partners or the nature of liability of the shareholders have a legal personality separate from the personality of the founder partners.
• Profit making purpose: Commercial companies are established for profit making purposes which is a distinctive feature of commercial companies compared to associations and foundations.
• To operate with a trade name: All companies should have and operate under a trade name to be registered with the commercial registry. 
• Registration with the Commercial Registry: All companies should get the
foundation and the required info with the Commercial Registry.