Maxim Postyka
Lawyer

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MainStandardized proceduresObtainment of licenses and permits in UkraineLicense for transferring money in national currency without opening an account

License for transferring money in national currency without opening an account

License for transferring money in national currency without opening an account

What we do

  • analysing the documents which are submitting  to the National Bank of Ukraine, giving the conclusion about its self-sufficiency and legal correctness;
  • developing the internal rules about the transfer of funds;
  • helping with the business plan and with auditing organisation;
  • preparing and applying a set of documents for obtaining a license;
  • giving a consultation about questions, which are connected to the collecting and preparing of documents, what are needed for obtaining a license and about the full list of requirements, which the financial institution and its owners must met.

In separate cases in addition giving those services:

  • helping with the financial reporting;
  • analysing the structure of non-bank financial institution and forming a message for providing this data for consolidation to the National Bank of Ukraine.

OUR FEES

Money Transfer License
from 30 000 USD

If a legal entity is not yet registered as a financial institution, we can at extra charge record it into the Register of Financial Institutions.


You can get acquainted with the information on these services at the following link.

Extra charges for license to transfer money:

  • binding official payment to the state, which amounts to UAH 2007;
  • payment for the services of auditing firm for validation of financial statements and reporting data.

WHY CHOOSE US

  • plus

    Free consultation

    Consultation is provided at no cost subject to the condition of ordering this service. In such case, our lawyers will provide full consultation in respect of requirements for financial institutions and other issues.
  • plus

    Assistance with organization of pre-licensed audit

    Our company has an established relationship with the audit firms, which have the right to carry out an audit of non-bank financial institutions.

ANY QUESTIONS LEFT?

Our lawyers will advise you!

Ask a lawyer

Documents for obtaining a license

  • Information on non-bank financial institution
  • Information on leading personnel
  • Ownership structure

In order to obtain a license for transferring money you must provide us with information on:

  • non-bank financial institution:
  • general information;
  • financial status;
  • financial obligations;
  • business reputation;

Leading personnel of non-bank financial institution:

  • copies of passports and codes;
  • details of the order on entrance upon duty;
  • certificate of no criminal record.
Basic informatin that is applied for money transfer license obtainment:
  • relations of a non-bank financial institution with other persons;
  • owners of qualifying shareholding in a non-bank financial institution;
  • schematic view of the ownership structure of non-bank financial institution;
  • certificates from banks servicing the accounts of non-bank financial institution;
  • certificate of the authorized body on the presence or absence of tax liabilities and charges of non-bank financial institution;
  • auditor's report;
  • credit reports from competent credit reporting agencies in respect of non-banking financial institution.

REFERENCES FROM OUR CLIENTS

President Tedeev E.S., Ukrainian wrestling association

Ukrainian wrestling association would like to express its sincere appreciation to the team of Law firm "Pravova Dopomoga" for mutually beneficial cooperation... More information

Partner, Denis Y. Lysenko, Vasil Kisil & Partners

... we would like to express our respect and gratitude for the fruitful cooperation.
... our work on joint projects assured us of your high level of professionalism
... More information

Chief ophthalmologist of Ukraine, Oksana Vitovska, All-Ukrainian alliance of ophthalmologists

We would like to express sincere gratitute to the team of Law firm "Pravova dopomoga" and personally to Volodymyr Gurlov for professionalism and purposefulness in your work.... More information

General director I.Logvinenko , Bravo Airways

Bravo Airways company expresses its gratitude to law firm "Pravova Dopomoga" for high quality and timely provision of legal services.
... More information

L. Chervonyuk, LLC "Vitalux"

Vitalux company highly appreciates results of cooperation with Law firm “Pravova dopomoga”, can characterize it as a reliable partner and based on personal experience is ready to recommend it to interested persons...... More information

General director Skibinskiy V., Yokogawa Electric Ukraine Ltd.

Yokogawa Electric Ukraine Ltd. recommends Vladimir Gurlov and his team of lawyers as a reliable legal partner and advisor for foreign businesses in Ukraine...... More information

General Manager Stashkevych I.Y., LLC “Trading company” Rud”

We would like to indicate that law firm "Pravova Dopomoga" has become a reliable partner for legal services provision and we can recommend it as a team of qualified professionals who are easy and pleasant to deal with... More information

Important to know

Before preparation the documents for submission to NBU we carry out an analysis of provided documents and give an opinion on their legal correctness and self-sufficiency.

In case of non-compliance of the package of documents with the License Conditions, we help to correct and complete them in accordance with the requirements of NBU.

ANSWERS TO FAQs

Should the company be recorded into the Register of Financial Institutions?

A company intended to carry out money transfer activities should be recorded into the State Register of Financial Institutions.

How long does it take to obtain a license for money transfer?

The process of license for transferring money obtaining takes about two months.

SWIFT OBTAINMENT
AND BEST QUALITY PROVEN BY YEARS OF PRACTICE!

Volodymyr Gurlov, Managing partner

Volodymyr Gurlov, Managing partner

RELEVANT INFORMATION

It should be added that in order to obtain a money transferring license, the financial institution must provide financial statements, which pursuant to the License Conditions consists of four completed forms (Balance Sheet, Statement of Profit or Loss, Statement of Cash Flows, Statement of Changes in Equity) and Notes to the Annual Financial Statements or the Financial Statement of a Small Business for the previous year (if available, or as of the last reporting date prior applying for a license).

Just as important to know that NBU may require the submission of additional information or documents on the financial statements of non-bank financial institution.

If You want to obtain money transfer license quick and easy - call us!

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