Registration of a financial company Lviv
Registration of a financial company in Lviv
A financial company is an institution that provides financial services or conducts operations related to the provision of financial services. Information about the company must be entered in the relevant register. This is what OLSON LVIV Law Firm will help you with: Our specialists can quickly and easily register a financial company that provides financial services: a credit union, a pawnshop, a leasing company, an investment fund, etc.
How relevant is it?
If before all money transactions were conducted through a bank, now you can keep favorable conditions without resorting to them. Specialized companies respond more quickly to the needs of the population and develop specific market directions.
In the past, people trusted banks more. Now they trust those who really help them solve urgent issues. So if you intend to open your own non-banking institution - it's time!
What exactly is the registration of a financial company?
The first step to successfully starting your business in a new status is to apply to the law firm “OLSON.” Our lawyers in Lviv help to register a legal entity, include it in the list of Financial Institutions and obtain a license to provide relevant services.
An important step in establishing a financial company in Ukraine is to register the entity with the SCFM, and the specialists of the law firm OLSON also help to agree on this issue.
The final stage - obtaining permission to conduct financial transactions from Natskomfinposlug.
What is needed to register a financial company in Lviv?
It is impossible to start a financial company without fulfilling a few more conditions.
- Registration takes place strictly at the location of the company (its registered office).
- Director, chief accountant, the person responsible for conducting financial monitoring must take courses for managers and chief accountants of financial institutions. It is assumed that these individuals will have appropriate work experience and business reputation.
- A company must have at least three million hryvnias in cash to provide one of the financial services. If the company provides several services that can be combined in the subject of activity of one institution, the equity must be from UAH 5 million.
A financial company has the right to combine in its activities such services as factoring, cash loans, guarantees and sureties, financial leasing, money transfer, issuance of payment cards, etc.
How long does it take to register?
The specialists of the all-Ukrainian law firm OLSON significantly speed up the process of registration of a financial institution: they know the rules of all procedures and rules, help to collect and draw up all necessary papers, warn the client about all rules and requirements. However, in any case, it will take at least 1-2 months.
The fee for issuing a license to the National Financial Services Commission is 1 subsistence level.
