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FINANCIAL LICENSE ABROAD. OFFSHORE FINANCIAL LICENSE.

Published: 12 Jul 2018

A financial license is a document that allows you to carry out one or another activity. Thus, the process of issuing a document, its extension or cancellation, is called licensing. Having the necessary financial license from the company can guarantee the consumer safety for the type of product or service that it acquires, since such a document complies with all the established legal norms of a country.

TYPES OF FINANCIAL LICENSE

The licensing procedure, depending on the scope of employment, may be needed absolutely in any country. There are several basic types of financial licenses:

LICENSE FOR BANKING ACTIVITIES

This type of document is required not only for large banks, corporations, but also for small companies that are involved in lending or exchange operations with currency. Positive aspects of processing a banking license:

·         data protection, both about the corporation, and about their owners;

·         optimized taxation and other benefits depending on the jurisdiction of which country you choose.

BROKER LICENSE

Having received a brokerage license, the company has the opportunity to conduct its activities in the trader-markets. Basic requirements for obtaining a broker license:

·         selection of the jurisdiction of the country;

·         choice of regulatory requirements, regarding the capabilities and needs of the company;

·         the brokerage company must be established in accordance with the license;

·         it is necessary to take into account a number of requirements before the application procedure (authorized capital, staff, management, etc.).

LICENSE FOR INVESTMENT ACTIVITIES

Such a license will be necessary for the management of private, specialized state funds, etc. In order to obtain a license for investment activities, a fairly large package of documents is needed. The employees of our company will help to collect, and also correctly prepare for submission to the regulator all of the documents.

THE LICENSE FOR ELECTRONIC MONEY. PAYMENT SYSTEM LICENSE

A license of this nature provides the opportunity to create your own account management systems by the type of PayPal or Applepay. The payment system license is useful both for banking institutions and for companies that deal with brokerage, bookmaking, and gambling.

Thinking about working in another country, an entrepreneur finds himself in a situation in which he will need to study the laws of the country in which he plans to run his business and, possibly, compare with other jurisdictions, and this will take a lot of time and money. Our team will help to minimize your costs from a legal point of view and start the main task - doing business - in the shortest possible time.

We will help you in selecting the right type of financial license, as well as in selecting the jurisdiction to properly start your project.

For over five years we have been advising our clients in the field of corporate law, international tax planning, finance, international licensing and integrated business support in more than 40 countries.

We will be glad to help you.

Yuliya Barabash

Firm: SBSB Legal Services
Country: Ukraine

Practice Area: Commercial

  • Saksaganskogo Street, 99
    Kiev





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