To put it simply, there aren't any.
If you want to practice the art of Make-up, you just can. There aren't really any legal requirements. It would definitely help to get insurance for yourself as an artist and also for you kit just in case (god forbid) something gets stolen/lost/broken. You also need to make sure you document all your transactions between clients so that you, and the taxman, can get a good handle on what's going on regarding your finances.
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