Business Licensing

To successfully start and run some types of business, a license is required - an official document issued by state authorized bodies that gives permission to conduct these activities. As a rule, the license has a period of validity determined by law, and in order to obtain it, the company must comply with the licensing requirements. Operating a licensed business without a license is illegal anywhere in the world: the business and its owner can be fined and forced to obtain a license, or the business can be shut down.

List of licensed activities

Our experts will help you simplify and speed up the process of obtaining the following types of licenses abroad:

In order for us to be able to provide you with all the necessary and accurate information, please provide us with the following data:

• Type of business and services (goods) that you are going to license.
• Countries in which you plan to operate.

The procedure for issuing a license and the necessary documents

Depending on the type of activity subject to licensing and the licensor's jurisdiction, the package of documents will differ. However, the required documents include the following:

1. Confirmation of company registration - a package of statutory documents (translated into the appropriate language, certified by an apostille).
2. Documents identifying the identity of the founders, beneficiaries, directors, as well as confirming their reliability and sufficient financial security (in particular, for obtaining financial and gambling licenses).
3. Quality certificates and all permits for products, in accordance with the legislation of the country of origin (for obtaining a medical license), registration of TM. Business plan for 3-5 years, indicating the volume and sources of investment.
4. Certificates for equipment (in particular, gambling) from the manufacturer and a quality certificate after checking the equipment by authorized bodies.

The website of a financial and gambling company must comply with the established licensing requirements, and measures must be developed to prevent money laundering and terrorist financing. In addition, the processes for registering a client, transferring funds, returning funds, as well as a clear system for paying for company services, winnings, etc., should be prescribed.

Based on the foregoing, the licensing commission first of all wants to assess the competence and experience of the licensee, its suitability for the chosen activity, and also to make sure that its financial position is sufficient to cover the costs and risks of the relevant activity.

In a short time, our specialists will provide you with information, including license requirements, terms and cost. Also, our package of services for obtaining a license includes:

1. Support of the licensing process.
2. Consultations on the package of documents and compliance with licensing requirements.
3. Filling out application forms.
4. Submission of a package of documents and organization of a meeting with the licensing commission (if required).
5. Subsequent maintenance (control of the license validity period and timely payment of annual license fees, preparation and submission of financial statements, license renewal, etc.)

Additionally, as needed:

1. Development of a business scheme in order to optimize taxation.
2. Opening a business abroad.
3. Opening bank and merchant accounts.

The task of every entrepreneur is to make his business legal and profitable.

Benefits of a licensed business:

1. Avoiding additional expenses and problems with the law.
2. Confidence in the business on the part of clients (for example, investors will entrust asset management only to a licensed agent, since this is a certain guarantee of the safety of their money).
3. The ability to openly conduct and advertise a business, without problems entering new markets.
4. The ability to easily open corporate accounts in European banks and merchant accounts.