Registration of a financial institution

Cost of services

Cost of services:

from 200 USD
Consultation
from 3000 USD
Standard (without solution monitoring and failure prevention)
from 10500 USD
Premium (with a guaranteed positive result)
5.0
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Reviews of our Clients

What we offer

  • Advise on the list of documents required to get registered in the State Register of Financial Institutions (hereinafter - the FI Register), as well as on the requirements to be met by the financial institution;

  • Analyze the documents to be submitted to the NBU (the National Bank of Ukraine), suggest their sufficiency and legal soundness;

  • Assist in obtaining the Certificate of Professional Development for the director and the chief accountant;

  • Develop internal rules and agreements on rendering financial services, as well as other necessary certificates and documents;

  • Consult on obtaining the auditor’s report;

  • Prepare a full package of documents for submission to the NBU for obtaining a Financial License, submit documents for registration in the Register of Financial Institutions, monitor the consideration of the case.


We can also help with the reissuance of the Certificate, with various kinds of changes in a financial institution, with obtaining Approval of the acquisition of substantial participation in a financial company, as well as with any other issue that may arise in the course of business.

Content

Required documents for getting the Certificate of a financial institution

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

Requirements for a financial institution in Ukraine

  • an exhaustive list of the types of financial services to be provided by the company;

  • an internal document and template agreements with clients on rendering financial services;

  • an accounting system;

  • an authorized share capital of the financial company in cash;

  • compliance of the director and the chief accountant with professional requirements;

  • own or leased premises and appropriate computer equipment.


Please note!
The requirements will differ depending on the type of financial services that the company will provide. For a full list of requirements, see our publications or ask for a personal consultation of our lawyers.

The price and the period of financial institution registration in Ukraine

The cost of registration of a financial company depends on whether the Client has any internal rules and agreements on providing financial services, as well as other documents to be submitted to the NBU. 

The price of legal services is specified in the packages below, or we can form a personal package of services for you.

Typically, we pass both stages of registration of a financial company (registration in the FI Register + a license) within 30-40 business days.

Please note! Today obtaining a Financial License of any type and registration in the Register of Financial Institutions takes place in one institution - the NBU. Moreover, both of these stages of creating a financial company can be conducted simultaneously, which, if the process is properly organized, can reduce considerable time.

Service packages offers

Consultation
from 200 USD
  • Advising on licensing conditions for the provision of financial services
  • Advising on licensing conditions, the list and form of documents that are presented to financial companies for entry into the Register
  • Advising on current requirements and the procedure for submitting reports to the NBU and other regulatory authorities
Standard
from 3000 USD
  • Advising on licensing conditions for the provision of financial services
  • Advising on licensing conditions, the list and form of documents that are presented to financial companies for entry into the Register
  • Advising on current requirements and the procedure for submitting reports to the NBU and other regulatory authorities
  • Registration of a legal entity
  • Necessary notarial and registration actions
  • Preparation of documents for entry into the NBU Register and issuance of a license / licenses, as well as submission of documents to the NBU without further monitoring decisions and preventing failures
Premium
from 10500 USD
  • Advising on licensing conditions for the provision of financial services
  • Advising on licensing conditions, the list and form of documents that are presented to financial companies for entry into the Register
  • Advising on current requirements and the procedure for submitting reports to the NBU and other regulatory authorities
  • Registration of a legal entity
  • Necessary notarial and registration actions
  • Preparation of all necessary documents for entering a financial company into the Register and submission of documents to the NBU with a guarantee of a positive result

Documents and information for entering into the FI Register and obtaining a Financial Institution Registration Certificate

Paperwork for registration of a financial company in Ukraine can be divided into two stages:

  • First of all, our lawyers provide a list of necessary documents, which the Client submits to our company for further work. If any the Client doesn't have some documents, our lawyers will advise on the best way to obtain them;

  • Once the package of documents is received from the Client, our lawyers proceed to the final formation of the package of documents, process all the information to fill in the relevant statements and applications.

Documents that the Client must provide to establish a financial company:

  • registration card of the legal entity;

  • constituent documents;

  • financial statements;

  • auditor’s report;

  • certificate of availability and compliance with legal requirements of the form of organization of accounting, hardware and software;

  • copies of internal rules for rendering financial services;

  • copies of diplomas and certificates confirming that the director manager and the chief accountant have passed the exam on the program of professional development;

  • copies of the employment record books of the director and the chief accountant;

  • certificate of compliance of the director and the chief accountant with the requirements of the law;

  • certificate of availability of premises, hardware and software;

  • draft agreements on rendering financial services;

  • schematic representation of the ownership structure.

If you want to know what package of documents you need to provide in order to obtain a Certificate at basic price, please follow this link.

Our lawyers will prepare the documents necessary to register the company in the FI Register and obtain the Certificate.

For details please contact our specialists by phone or via the corresponding contact forms on the website.

Please note! If you want to be sure that your financial company is properly registered on a turnkey basis, our lawyers will take care of the registration of the legal entity for further activities in the field of financial services. We will take into account all peculiarities of this kind of business activity and help you choose necessary KVEDs (types of economic activity), as well as develop a personalized Charter of the company, which will give you and your business extra protection.

Legal consultation on the registration of financial institution in Kyiv and other regions of Ukraine

Registration of a financial institution is a procedure, which includes several stages. If you want to understand all the steps, please contact our experts for an introductory consultation. 

Within the framework of such consultation, the lawyer will tell you:

  • What stages does the registration of a financial institution consist of?

  • How long does it take to complete the procedure?

  • What is the cost of registering a financial institution in Ukraine?

  • How to register your company in the Register of Financial Institutions and how long does each stage take?

When ordering the service in our company, the price of the introductory consultation will be included in the service price.

Why us

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.
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.
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.

We are ready to help you!

Contact us by mail [email protected], by phone number +38 044 499 47 99or by filling out the form:

Our successful projects

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.

The procedure of registering a financial company in Ukraine

The establishment of a financial company can be divided into three stages:

  • Registration of a legal entity of the desired business structure (may be different for certain types of financial institutions), the formation of the authorized share capital;

  • Registration in the Register of Financial Institutions of Ukraine;

  • Obtaining a Financial License of the required type or several Financial Licenses.


The second and third stages now take place in parallel at the NBU, which requires additional attention to the correct execution of documents.

To successfully obtain a license and to register a company in the Register of Financial Institutions, the company must meet certain requirements:

  • Requirements for the business legal structure of the financial company. Most often a company can be registered in any business form, but, for example, pawnshops can only be registered as a full company and insurance companies as a joint stock company or an additional liability company;

  • Requirements for the premises of a financial company. The main requirement for the premises is its availability and supporting documents. But certain types of financial institutions must equip their premises according to certain requirements. For example, premises of credit company must have limited access and be equipped with safe for keeping money, etc;

  • Authorized share capital requirements for a financial company. Most financial institutions must have a minimum authorized share capital, for example, for a pawnshop it is UAH 500K and for a financial company engaged in several types of financial activities - not less than UAH 5 million;

  • Personnel requirements for a financial company. The basic personnel requirements will be the requirements for the director and the accountant of the financial institution. For example, the director of most financial companies must have a higher education, certificate of training courses and work experience of 5 years minimum, including two years in managerial positions and one year minimum as a director in the financial services markets. There is also a requirement for impeccable business reputation. 


Our lawyers provide legal assistance in the following processes:

Registration of a Credit Company in Ukraine

Registration of a Pawnshop in Ukraine

Registration of a Factoring Company in Ukraine

Registration of a Leasing Company in Ukraine

Registration of a Currency Exchange Company in Ukraine

Registration of an Insurance Company in Ukraine

Registration of a Banking Company in Ukraine

Registration of an Asset Management Company in Ukraine

Registration of a Mutual Investment Fund in Ukraine

Please contact our specialists for details on the procedure for registering any type of financial institution you need, or look for answers in our publications on this topic.

Answers to frequently asked questions

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.

Registration of changes in the financial company

In case of any changes in a financial institution regarding the information it provided to the NBU (or the previous licensing authority) during the registration in the FI Register, it must notify the NBU of such changes within the prescribed period.

If a new director or chief accountant of a financial institution is appointed, and the new officer does not have a qualification enhancement document, then within three months the officer must take a qualification enhancement course and pass the exam.

You should also remember that the purchase of a ready-made financial institution entails the submission of three sets of documents to the NBU.

The first set of documents concerns the renewal of the Certificate of registration of a financial institution (due to a change of the name or legal address) and includes: a registration card of a financial institution, the original certificate of registration of a financial institution, an extract from the Unified State Register of Enterprises and Organizations of Ukraine.

The second set of documents concerns the notification of the NBU about other changes (e.g., director, financial monitoring officer, current account, etc.) and includes: a registration card, notification of changes, and various certificates, orders and documents confirming the changes.

Finally, the third set of documents is for obtaining an Approval of Acquisition of Substantial Participation.

This Approval is executed by the NBU Order and is issued in the form of a dispositive document. It should be noted that the main document to be submitted to obtain the Approval is the document confirming the origin of funds used to purchase the financial institution. Such a document may be a payroll statement, income statement of the sole proprietor, bank statement on the availability of funds in the account, etc.

If a new place of business (new branches) is opened, the NBU should be notified thereof. Information about new branches shall be entered in the Register of Financial Institutions.

Please note! In 2021, all financial companies must bring their ownership structure information into compliance. We wrote about it in detail here.

Organization, registration and licensing of financial companies/institutions in Ukraine

A Financial License is a document you cannot do without, if you want to start a business in this area.

We have been providing services for obtaining licenses for various organizations for many years and know the whole procedure from A to Z.

Cooperating with our company, you can always count on:

  • Reliability. If we take on your task, it will be done.

  • Simplicity. Our lawyers’ in-depth legal expertise helps us handle any legal matter simply, safely and efficiently. We have no interest in dragging things out if we can solve all problems quickly. We value your time and ours.

  • Availability. We are always in touch, you don’t need to hunt for our Client Manager. Our specialist will keep you informed 24/7.


If you intend to register your financial company, don't’ hesitate to contact us!

Our publications on this matter

Our team

Marina Losenko
Associate