Volodymyr Misyurak
Lawyer

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Registration of a financial institution

Registration of a financial institution

What we do

  • Consult on matters of the required documents for putting financial institutions into the Sate register (hereinafter – the Register of FI) and also on requirements which a financial institution must comply;
  • Analyze documents which are provided for submitting to the National commission for regulation of financial services markets (hereinafter – the Commission), give conclusion on their sufficiency and legal correctness;
  • Support getting of the Certificate on qualification for a director and for a head account;
  • Draft internal rules and agreement on providing financial services an d also other required certificates and documents;
  • Consult on matters which are related to getting of audit conclusion;
  • Prepare a full list of required documents for submitting to the commission, submit the documents for putting into the Register of FI, accompany examination of your case;
  • Get a Certificate about registration of a financial institution (hereinafter – the Certificate).

Also we can help with reissue of the Certificate for launching different types of changings, for getting the Approving on buying a significant part of a financial institution and also other matters which can occur.

OUR FEES

Basic price for putting into the Register of FI
28 000 UAH

The cost of our services depends on Client’s internal rules and agreements on providing financial services and also other documents which must be submitted to the Commission.

As a rule, we get the Certificate on registration a financial institution within 20-30 business days.

If you want to know an exact list of documents which you have to provide for getting the Certificate for a basic price, please, follow the link.

There are no additional or required official fees for getting the Certificate, except the price for our services.

Successfully rendered services

Supported obtainment of a certificate of registration of a financial institution in October 2018

Obtained a certificate of registration of a financial institution for a company from Kyiv. Provided a turnkey service. An important feature of the provided service was a strict deadline for the certificate obtainment.

Obtain a Сertificate of registration of financial institution in October 2018

Our specialists supported the obtainment of the Сertificate of registration of financial company registered in Kiev.

Registration certificate of a financial company received in September 2018

Accompanied registration of a financial company from Kiev in the Register of financial institutions. Its main activities were factoring services, financial leasing, loan provision, including on the terms of a financial credit, as well as the provision of warranties and guarantees.

Certificate on registration of a financial institution obtained in July 2018

The Client, who was denied registration as the financial institution, contacted us. After analyzing and revising documents by our lawyers, we successfully received the Certificate on registration of the financial institution.

Certificate on registration of a leasing company obtained in July 2017

Supported the procedure of inclusion into the Register of FI a financial institution which provides services on factoring, financial leasing, borrowing, including a financial credit, guarantee and bail.

Certificate on registration of a financial institution obtained in June 2016

Helped to establish a financial company for providing services on guarantee and bail.

Certificate on registration of a financial institution obtained in June 2016

Got Certificates for three financial companies which provide services on factoring, financial leasing, borrowing, guarantee, bail and also attraction of financial assets.

Certificate on registration of a financial institution obtained in April 2015

Helped to put into the Register of FI a financial institution which provides services on factoring, financial leasing, guarantees and bail.

Certificate on registration of a pawnshop obtained in November 2014

Helped to put into the Register of financial institutions a pawnshop from Kyiv region and also helped other 10 institutions.

Certificate on registration of a pawnshop obtained in March 2014

Got a Certificate on registration of a financial institution for a pawnshop.

Certificate on registration of a financial institution obtained in March 2013

Got a Certificate on registration of FI for a factoring company.

Certificate on registration of a pawnshop obtained in September 2012

Got a Certificate on registration of a financial institution for a pawnshop, which is registered in Cherson.

Certificate on registration of a financial institution obtained in September 2012

Helped to put a financial company, which provides factoring services and services on granting a loan, into the Register of financial institutions.

WHY CHOOSE US

  • plus

    The cost of services doesn't change

    We define the price before launching our cooperation with a Client. The cost of services won't change in the future.
  • plus

    Guarantee result

    According to our many year experience there is a little possibility for refusal to issue the Certificate. In any case we get a final result - putting into the Register of FI and getting the Certificate.
  • plus

    We can do everything

    You will never occur in unsolved situation with us. A huge experience provides an individual dealing with every Client’s issues. We can help with every question which may occur while preparation of the documents for getting the Certificate about qualification, getting an audit conclusion.
  • plus

    Complexity of registration of a financial institution

    We are ready to start our cooperation with you at an early stage. For example, while drafting your corporation documents. It will prevent you from rewriting of the documents for submitting to the Commission. We also are ready provide services “turnkey’ if necessary. Also after getting the certificate we can propose you to get a license or licenses for providing financial services, the Approving on buying a significant part of a financial institution, reissue of the certificate etc.

ANY QUESTIONS LEFT?

Our lawyers will advise you!

Ask a lawyer

Required documents for getting the Certificate of a financial institution

  • A code from the Unified State Register
  • Director’s and a head account’s documents
  • An audit conclusion

The documents and information about putting into the Register of FI and getting the Certificate about registration of a financial institution


Client provides:
  • Registration card of a legal entity;
  • Corporation documents;
  • Financial reports;
  • An audit conclusion;
  • A certificate about accounting, technical and program software and its conformity;
  • Copies of internal rules on providing financial services;
  • Copies of diplomas and certificates which confirm passing a qualification exam by a director and a head account;
  • Copies of labor books of a director and a head account;
  • Certificates about conformity of a director and a head account to the law requirements;
  • Certificate about premises, technical equipment, software;
  • Examples of agreements on providing financial services;
  • Schemes of ownership structure.
Our lawyers prepare required documents for getting the Certificate and putting into the Register of FI, if necessary. More detail information you can find out by phone or via other communication tools on our web-site.

REFERENCES FROM OUR CLIENTS

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

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

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

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 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

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 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

Important to know

On putting into the Register of FI and getting the Certificate about registration of a financial institution


A financial institution must have:
  • A full list of financial services which will be provided;
  • An internal document and examples of agreements with consumers of financial services;
  • A system of accounting;
  • A corporative fund must be formed by money resources;
  • Conformity of a director and a head account to professional requirements;
  • Own or rented premises and appropriate computer technique.

ANSWERS TO FAQs

Which is the minimal size of corporation fund for putting a financial institution into the Register?
The size depends on a type of financial institution (pawnshop, exchange institution) and also id depends on amount of financial services which will be provided by a financial institution. For example, the size of corporate fund of a pawnshop must be not less 500 000 UAH. The size of a corporate fund of a financial institution which provides only one type of financial services must be not less than 3 million UAH and if there are two or more then it must be not less than 5 million UAH. More detail information can provide our lawyers.
Which experience must have a director of a financial institution?
A director of financial institution (except a pawnshop) must have not less than 5 years of experience and not less than 2 years on head positions and not less than 1 year on a position of head of financial institutions.
Can financial institution function after putting it to the Register of FI?
No. The legislation defines that a financial institution must be putted not only into the Register of FI but also get a license for some types of activities at the market of financial services before it can start to function.
Do you get the Certificates for Clients who are not from Kyiv?
Of course, we get. Our Clients are enterprises which are registered in different regions of Ukraine.

You can find more detailed information about our experience here.

SWIFT OBTAINMENT
AND BEST QUALITY PROVEN BY YEARS OF PRACTICE!

Volodymyr Gurlov, Managing partner

Volodymyr Gurlov, Managing partner

RELEVANT INFORMATION

Registration of changes which happened in a financial institution


If there are some changes in information which was submitted to the Commission for putting into the Register of FI then it must report about it to the Commission within 15 days.

If a director or a head account was replaced and a new person doesn’t have a qualification certificate, then he or she must pass qualification courses and pass an exam within 3 months.

Also you have to keep in mind that buying of already register financial institution causes submitting of three different lists of documents to the Commission.

The first one is related to reissue of the Certificate about registration of a financial institution (according to its address’s change or a name’s change) and it consisted of: a registration card of a financial institution, original of the Certificate about registration of a financial institution, an extract from the Unified State Register.

The second list of documents is related to reporting to the Commission about other changes (for example, replacement of a director who responsible for a financial monitoring, current account’s replacement etc.) and it consisted of: a registration card, report about changes and also other certificates, orders and documents which conform these changes.

And, finally, the third list of documents which is submitted for getting the Approving on buying a significant part of a financial institution. This Approving is drafted by Commission’s order and issues in a form of a regulatory document. We need to admit that the main document is the one which confirms for which money sources were bought a financial institution. It can be a certificate about salary of a sole trader, an extract of a bank account etc.

In a case of opening new chapters you must report about it to the Commission. Information about new chapters is putted into the Register of financial institutions.

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