MainStandardized proceduresRegistration services in Ukraine (Kyiv)Registration of factoring companies (collecting company)

Registration of factoring companies (collecting company)

Registration of factoring companies (collecting company)

What we do

  • enter the company to the register of financial institution (by the agreement), namely:

  1. develop the necessary orders, regulations etc.;

  2. analyse the documents, which are providing for submission to the National Commission, which implementing State regulation in the market sphere of financial services;

  3. help to obtain the Certificate about the skills development for the director and the main accountant;

  4. guarantee the entering of the company to the register of financial institutions on the first try.

  • develop the documents for obtaining the license on factoring;

  • maintaining a client's case to the National commission of financial services;

  • provide a guarantee of obtaining the license on the first try.

OUR FEES

Obtaining the license
1000 doll.
Entering in the register of financial institution + obtaining the license
2000 doll.

It is important to note that inclusion of financial institutions in the register is the first mandatory stage, without which it is impossible to obtain a factoring license. There are no additional payments when entering financial institutions into the register.


The state fee for obtaining a license is 2007 UAH.

Work with a lawyer can take place remotely, so visiting the office is an optional term.

Successfully rendered services

Certificate of financial institution registration issued in May of 2019

Our lawyers assisted the client in registration of factoring company in the Register of financial institutions. The services were of comprehensive nature and included preparation of the necessary paperwork.

WHY CHOOSE US

  • plus

    We support obtaining other licenses in the National Commission

    Specialized lawyers of our company support the obtainment of other licenses issued by the National Financial Services Commission (pawnshop, financial leasing, etc.).
  • plus

    Full range of service provision

    We get the company included in the register of financial institutions. This stage is mandatory when obtaining a license for factoring. It is provided under a separate agreement.
  • plus

    We work with all regions of Ukraine, as well as non-residents

    Since the work can take place remotely, your location does not matter. Our company also has English-speaking lawyers specializing in providing services to foreigners.
  • plus

    We will get a license at the first try

    Obtaining negative conclusions from the National Commission is one of the most common reasons for seeking help from our company. Our specialized lawyers have come up with the best option for obtaining a factoring license at the first try.

ANY QUESTIONS LEFT?

Our lawyers will advise you!

Ask a lawyer

Documents for obtaining a license

  • Company’s IВ number (EDRPOU)
  • Financial statements, audit report
  • Passport data of the manager and head accountant

Prior to submitting documents to the National Financial Services Commission, they go through the process of proofreading and checking with specialized lawyers in the financial services market. This, in turn, excludes the possibility that the commission will not consider them or that the result will be negative.

REFERENCES FROM OUR CLIENTS

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

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 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

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 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

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

Important to know

You can review  the documents that must be provided for the first stage of registration of a collection company - entering the company in the register of financial institutions, - at the following ink.

Factoring activities are regulated by several legislative acts simultaneously: the Commercial Code, the Civil Code and the Law of Ukraine “On Banks and Banking”.

Factoring agreement

Under a factoring agreement, one party (the Factor) transfers (or agrees to transfer) money to the other side (the Client) for a fee, and the Client yields or agrees to yield to the factor its right to claim money against a third party (the Debtor).

Subject matter of the contract

The subject matter is the material requirements of the Client to a third party, which arise from the provision of goods, the performance of work or the provision of services to a third party.

Content of the contract

A typical factoring agreement should include the following points:

  1. definition of terms;
  2. general provisions;
  3. subject matter of the contract;
  4. assurances and warranties;
  5. settlement procedure;
  6. rights and obligations of the parties;
  7. responsibility of the parties;
  8. precautionary measures;
  9. force majeure circumstances;
  10. duration of the agreement;
  11. dispute resolution;
  12. confidentiality;
  13. name, address and banking details of the parties.

Is it possible to obtain not just a factoring license for a financial company but other financial licenses as well?

Yes, it is possible. However, you do not need to get the company re-entered in the register of financial institutions.

ANSWERS TO FAQs

Is it possible to obtain not just a factoring license for a financial company but other financial licenses as well?
Yes, it is possible. However, you do not need to get the company re-entered in the register of financial institutions.
Do you help with the audit report?
Yes, we do help. By selecting the appropriate audit company and communication with the auditors.
How long is the license valid for?
The factoring license is issued with no time limit.
What is the minimum amount of the authorized capital of a legal entity?
The minimum authorized capital is 3 million hryvnias.

SWIFT OBTAINMENT
AND BEST QUALITY PROVEN BY YEARS OF PRACTICE!

Volodymyr Gurlov, Managing partner

Volodymyr Gurlov, Managing partner

RELEVANT INFORMATION

Registration of a factoring company and licensing of collection activities: interesting information

 

In any factoring operation, three entities participate:

 

  • A lender - an individual or legal entity providing a loan at a certain percentage;
  • A debtor is an entity that undertakes to repay a loan;
  • A Factor - a bank or financial company that provides factoring services and buys the right to claim.
Basically, the factoring procedure has the following form:

 

  1. The supplier provides services or provides the buyer with goods and services with deferred payment;
  2. The supplier transmits to the factor the documents confirming the occurrence of the receivable;
  3. The factor covers most of the debt (up to 95%).
  4. The debtor pays for the goods or services;

The lender and the factor make final settlements among themselves: the factor receives their money back with an additional commission for services, the seller receives the rest of the funds due to them (5 - 30%).

Open a collection agency with us

 

We understand the reluctance of many of our Clients to independently figuring out the hodgepodge and intricacies of modern legislation. In the end, you have to spend a lot of time and effort to gain knowledge that will never be useful in life.

 

Our main goal as a law firm that wants to create a new quality standard for the entire legal market is to make the solution of any legal issues simple, secure and effective.

 

We bring our goal to life every day, working in accordance with our own standards:

 

  • We are reliable. If we take up the work, it will be done on time and with high quality.
  • We are always in touch. You will not have to search for or call our Client-Manager, he/she will keep you updated on the situation in a way that is convenient for you.
  • It’s easy with us. We are not trying to throw our weight around or deliberately over complicate the situation far-fetched. Our task is to make sure that you understand the situation well and are aware of what the best way is to act.
  • It’s efficient with us. Our lawyers have deep legal expertise in various areas of law, which gives them an opportunity to resolve issues faster, calculate risks in advance and choose the best option possible.


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