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REGISTERING FINANCIAL COMPANIES
One of the basic services of our Agency is the registration and licensing of financial institutions. If the type of activity of your enterprise is related to the provision of one or several financial services, according to the Law “On Financial Services and State Regulation of Financial Services Markets”, they can be provided only by professional participants of the financial market, namely financial institutions that are included in register of financial institutions and received the appropriate license.
Financial services include, in particular, lending, factoring, leasing, the provision of financial guarantees and guarantees, money transfers, exchange operations.
Based on the above, if your company wants to provide factoring services, it must be registered as a financial company, registered in the register of financial institutions and have a license to carry out these activities.
According to the procedure for registering a financial company, there is practically no difference from the registration of a regular company, however, there are a number of specific requirements that apply to this type of activity. For example, the size of the statutory fund, which must be at least 3 million hryvnia, paid in cash. There are also requirements for staff qualifications, work experience, business reputation and certification of personnel.
After the state registration of the company, it is necessary to obtain the status of a financial institution and obtain a license to provide the required type of financial services.
The final step is to register a financial company as a subject of financial monitoring. This is done by handling relevant documents confirming the compliance of a financial company with the requirements established by law in the area of anti-money laundering or terrorist financing. Thus, the process of registering a financial company is logical and consistent, and if it acquaints itself with all the regulatory acts governing its creation, it is understandable. Especially for those people who have previously worked in financial structures and understand the principles of their work.
Our services in registering a financial company may prove useful to you in view of rapidly changing legislation, as a rule, in the direction of toughening the requirements of professional financial market participants.
