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In this video tutorial from the FCA, the presenter guides viewers through the initial stage of registering an online application. Before starting, users should gather essential information, including their National Insurance number, passport number, Companies House registration, and IP reference number (if applicable). It's also recommended to have the credit ready pack, which includes a decision tool, checklist, and jargon buster. If not received, these resources can be found on the FCA website. Lastly, a credit or charge card is needed for the payment at the end of the process. The presenter notes that most of the application questions are straightforward, and assistance is available through help icons or the jargon buster.