Registration of a financial institution
Cost of services
Cost of services:
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What we offer
- 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.
Required documents for getting the Certificate of a financial institution
The documents and information about putting into the Register of FI and getting the Certificate about registration of a financial institutionClient 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.
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.
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Answers to frequently asked questions
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.
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.
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.
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.
Organization, registration and licensing of a financial company/enterprise in UkraineLicense for providing financial services, i.e. for the financial activity of enterprises - a document, without which you cannot do without, if you want to start a business in this area.
We receive licenses for different 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 completed.
- Simplicity. Deep legal expertise of our lawyers helps us to solve any legal issues simply, safely and effectively. We are not interested in delaying the case, if we can solve all the problems quickly. We appreciate your and our time.
- Availability. We are always in touch, our client-manager does not need to look. He will keep you informed about the events 24/7.
Registration of changes which happened in a financial institutionIf 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.
If you are going to register a financial company in Ukraine, please call us!