Volodymyr Misyurak
Lawyer

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License for finance lease services in Ukraine

License for finance lease services in Ukraine

What we do

  • advise on all matters of collecting and preparing necessary documents for obtaining a license, as well as a full list of requirements that a lessor must meet;
  • draft internal rules for a provision of financial leasing services, a standard financial leasing agreement;
  • help with an organization of pre-license audit;
  • draft and submit to the National Commission for the State Regulation of Financial Services Markets the necessary package of documents for obtaining a license.

In some cases, provide a service additionally:

  • draft other documents (except those directly submitted to the National Commission for the State Regulation of Financial Services Markets), which are necessary in the course of daily activities of a leasing company;
  • help to obtain electronic keys for submitting reports and the reporting of a lessor.

OUR FEES

Inclusion in the register + license
30 000 UAH
Obtainment of a license for a registered company
20 000 UAH

The cost of a leasing license consists of a number of payments:

  1. Obligatory official payment to the state, which is based on the level of the monthly living wage, applicable to an able-bodied person. From July 1, 2018, it is 1841 hryvnia, from December 1 - 1921 hryvnia.
  2. A fee of our firm for the provision of services for draft of the necessary documents and representation of interests of a client before a state regulator;
  3. A fee of an audit company for confirming financial statements and reporting data;
  4. Other secondary payments (for instance, notarization of a charter).

If our firm supports both inclusion in the register of the National Commission for the State Regulation of Financial Services Markets and obtainment of a license, payment for our services can be made in 2 stages.


Our services can be paid both in cash and via wire transfer. In addition, in any case, a contract will be concluded with you.

Successfully rendered services

Successfully obtained a license during hearing of the first in 2019 licensing commission of the National Commission for the State Regulation of Financial Services Markets

A license for providing financial leasing services was the second stage of our cooperation (after the client was included in the relevant register of the state regulator) with an international company providing car leasing services.

Obtained a positive decision on issuing a leasing license during hearing of one of the licensing commissions of the National Commission for the State Regulation of Financial Services in December

Ensured full support of a company registered in Kyiv for inclusion in the register of lessors with further obtainment of the relevant financial license.

Capital leasing company registration certificate received in March of 2018

Represented interests of Ukrainian capital leasing company in relations with the state financial markets regulator. The company is fully owned by a large international corporation.

Decision on finance leasing license issuance issued in December of 2017

During October - December of 2017 our lawyers helped a financial company to undergo registration with the national financial services regulator and get finance lease license in Ukraine.

Capital leasing company registration certificate

Successful experience of capital lease company registration at the end of 2016.

WHY CHOOSE US

  • plus

    SUCCESSFUL EXPERIENCE OF WORK IN SIMILAR PROJECTS

    Our lawyers have successfully supported obtainment of leasing licenses many times, including for companies with foreign investors (owners). That is why we already have ready-made solutions for various situations that a client faces in most cases.
  • plus

    HELP WITH ORGANIZATION OF PRE-LICENSE AUDIT

    Although our firm is not an auditor, for a long time working with licensing of leasing companies, our lawyers have built partnerships with a number of auditing firms, which are entitled to conduct an audit necessary for obtaining a leasing license.

ANY QUESTIONS LEFT?

Our lawyers will advise you!

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Documents for a leasing license

  • Questionnaires of a head and a chief accountant
  • Audit report
  • Internal rules for the provision of services and a standard contract

Documents for a leasing license can be divided into those provided by a client, those prepared by our firm and those provided by an auditor.

Documents provided by a client:

  • Passport, identification code and employment records of a head and a chief accountant;
Diplomas, as well as documents that confirm an special training of a head and a chief accountant (if available);
  • Certificate of inclusion in the register of the National Commission for the State Regulation of Financial Services Markets (if obtained by the client);
  • Contact details, as well as an official website with information, which is required according to the licensing conditions;
  • Financial statements and reporting data.

Documents prepared by our firm:

  • Questionnaires of a head and a chief accountant;
  • application;
  • internal rules for providing financial leasing services;
  • standard contract for the provision of financial leasing services.

Documents provided by an auditor/auditing firm:

  • a report confirming a verity of information contained in the financial statements and customer reporting data.

 

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

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

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

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

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

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

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

Important to know

How to obtain a license for lease services?

Obtainment of a leasing license consists of two key stages:

  1. Inclusion in the register of the National Commission for the State Regulation of Financial Services Markets. The stage provides inclusion of an applicant company in one of two registers - the register of financial institutions or the register of legal entities that are not financial companies, but have the right to provide certain financial services under the law (the only type of financial services is financial leasing).

  2. Obtainment of a license from National Commission for the State Regulation of Financial Services Markets.

In practice, the period for obtaining a leasing license is at least one and a half months, and usually even longer. If you need to start working faster, we offer to buy a ready-made company with a license for leasing.

Electronic reporting of a lessor

From the beginning of 2018, a new reporting procedure for lessors and financial companies came into force. The deadlines for submitting reports have been preserved, however, leasing companies must submit reports in electronic form up to date.

The procedure involves:

  • obtaining a login password for access to the electronic reporting system of the National Commission for the State Regulation of Financial Services Markets;
  • obtaining electronic keys to a head and an accountant (if available) to sign statements.

It should be noted that paper reporting is no longer accepted and there are many cases, where due to submission of reports in improper form (reports were planned for submission in paper form, but were not accepted and an applicant did not have enough time to obtain keys and login / password), owners of leasing licenses had to pay quite significant fines.

Our lawyers can help with obtaining keys / access to the reporting system, as well as deal with basic reporting.

To obtain a leasing license, it is necessary to meet all requirements applicable to a license applicant by a regulator and to a package of documents, which is submitted for obtaining a license. Among them are requirements for staff, accounting and data recording systems, office equipment, communications, internal regulations and rules. Bringing a license applicant in full compliance with the licensing conditions guarantees quick obtainment of the license, as well as ensures absence of any complaints from a regulator during the further business activity.

Furthermore, specialists of our firm help with obtaining leasing licenses, including applicants, who can only meet the minimum requirements of the licensing authority. We draft an standard financial lease agreement, internal rules and other necessary documents.

ANSWERS TO FAQs

Is an inclusion in the register of legal entities that are entitled to provide leasing services enough to engage in such activities?
No, it is not enough. In the past, before the current license conditions were accepted, the provision of financial leasing services based on a registration certificate (inclusion in the register) was possible. Today, an inclusion in the register is only one of the stages of obtaining a finance license.
Is it possible to circumvent a requirement to provide an audit report for a license?
When an applicant is included in the register of legal entities that are not financial institutions, but have the right to provide certain financial services under the law, it is impossible to avoid an audit. At the same time, it is possible to avoid an audit at the licensing stage if you include a leasing company in the register of financial institutions.

SWIFT OBTAINMENT
AND BEST QUALITY PROVEN BY YEARS OF PRACTICE!

Volodymyr Gurlov, Managing partner

Volodymyr Gurlov, Managing partner

RELEVANT INFORMATION

The advantages of obtaining a leasing license with our legal help

  • Our specialists have significant experience in obtaining various permits and licenses in the financial services market and in other areas.
  • We obtained licenses for financial leasing, factoring, provision of guarantees and suretyship, provision of loan funds.
  • Your documents, which must be submitted to the National Commission for the State Regulation of Financial Services Markets, will be carefully worked out by specialists of our firm. This is extremely important, since any inaccuracy in the submitted documents may be further interpreted by a regulator as providing incomplete information or providing inaccurate information and, consequently, the regulator may refuse to issue a license;
  • With us your time is guaranteed to be saved.
  • After final approval of the full list of documents, our specialists will undertake all the work to support the process of obtaining a license.
  • The cost of services in the process does not increase.

We obtained various licenses and at the same time there has been no case thus far, when we did not finish work and did not obtain a license for our client in our practice. If this ever happens, we will refund all the money under the contract.

The procedure for obtaining a license for finance lease service

After reaching agreement on the timing and cost of services, we sign an agreement on the provision of legal services with a client.

After agreeing on information about a future lessor, you must:

  • provide a power of attorney for lawyers of the firm, other documents that are provided by a client personally;
  • sign the necessary documents and an application for a license obtainment.

Having obtained a full package of documents, the specialists of our firm submit it to the National Commission for the State Regulation of Financial Services Markets.


After obtaining a notice of a decision to issue a license, the Client pays an official one-off payment for issuing it. If necessary, the payment can be made by specialists of the firm. For this you need to provide our specialists only with the necessary amount of money. In accordance with your wishes, the typical procedure for obtaining a license for finance lease services can be changed to a more convenient option for you.


For more information and ordering the service "License for finance lease services" contact the specialists of our firm.


Payment for the issuance of a license is made only after a positive decision of a regulator to the accounts of the State Treasury Service of Ukraine.

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