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Licensing of foreign business
A business license is a permission at the state level to carry out activities that are subject to enhanced control. Each state, taking into account its legislation, risks and features of the economy, determines the list of specialties that are subject to licensing. The process of obtaining a license is very time-consuming and requires an integrated approach, especially when it comes to foreign jurisdictions.
Independent registration of a license abroad can drag on for years and never bring the desired result. Moreover, even after obtaining a license, you should not relax, because the licensee is subject to obligations, in violation of which he can be fined, the company is liquidated, and the permit is canceled.
- trading in the Forex market;
- brokerage;
- dealer activity;
- banking activities;
- carrying out payment transactions;
- making money transfers;
- consulting services in the financial sector;
- international asset management and protection;
- currency exchange;
- custody services;
- accounting services;
- gambling business;
- lotteries, bookmakers, casinos;
- insurance business;
- detective activity;
- medical activities; • trade in alcohol, tobacco products, medicines, weapons; • shipping; • cryptocurrency activities.
- trade in alcohol, tobacco products, medicines, weapons;
- shipping;
- cryptocurrency activities.
- Local company registered
- Transparent ownership structure
- Real economic and physical presence in the country of incorporation
- Detailed business plan
- A scheme of activities has been developed: stages, procedures, geography, risks, customers, goods
- Impeccable reputation of business and owners
- Legal origin of funds and transparent investments
- Competence, skills and education in the chosen field
Procedure for obtaining a business license
Azola provides comprehensive services to support obtaining a permit to operate in a selected country and its further maintenance. The procedure for obtaining a license for a particular business begins with the collection and preparation of the proper package of documents. After a detailed check of all documents for compliance by our lawyers, the documents are sent for consideration to the Regulator - the licensing commission. In some cases, the commission may require the personal presence of the client. After detailed processing of documents and examination of all risks, the commission makes a decision to approve or deny the license.
Each license has its own expiration date, restrictions and strict rules. Compliance with them is mandatory and directly affects the future renewal or revision of the license. As part of the support, our lawyers also control the terms of renewal of each license, payment of license fees and, if necessary, accompany the preparation of financial statements on the activities of a foreign company. Having trusted professionals, obtaining a license will bring its guaranteed benefits, allow the business to reach a new level and earn the trust of foreign customers.