Registration of a pawnshop in Ukraine

Cost of services

from 200 USD
Consultation
from 3000 USD
Standard (no guarantee of a positive result)
from 7000 USD
Premium (with a guaranteed positive result)
Registration of a pawnshop in Ukraine
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Reviews of our Clients

What we offer

  • advise the Client on Pawnshop initial registration and the necessary further actions for its registration in the State Register of Financial Institutions (hereinafter - the Register of the FI);
  • advise on the requirements for Pawnshop (requirements for the director and accountant, size of the authorized capital, the audit report etc.)
  • help to prepare the necessary documents for submission to the National Commission for the State Regulation of Financial Services Markets (hereinafter - the Commission);
  • submit a set of documents to the Commission for obtaining a Certificate on Registration of a Financial Institution (hereinafter - the Certificate);
  • monitor the decision regarding registration in the Register of the FI by the Commission;
  • obtain the Certificate.

Content

Service packages offers

Consultation
Consultation
from 200 USD
  • Oral consulting on the terms of providing services for registration of a pawnshop
  • Consulting on licensing conditions for pawnshops
  • Advising on current requirements and the procedure for submitting reports to the NBU
Standard
Standard
from 3000 USD
  • Consulting on the terms of providing pawnshop services
  • Consulting on licensing conditions for pawnshops
  • Advising on current requirements and the procedure for submitting reports to the NBU
  • Advising on the further possibility of opening branches
  • Registration of a legal entity in the form of a Full Company
  • Notarial and registration actions are already included in the price
  • Submission of documents for entry into the Register of financial institutions and obtaining a license from the NBU WITHOUT GUARANTEE OF POSITIVE RESULT
Premium
Premium
from 7000 USD
  • Consulting on the terms of providing pawnshop services
  • Consulting on licensing conditions for pawnshops
  • Advising on current requirements and the procedure for submitting reports to the NBU
  • Advising on the further possibility of opening branches
  • Registration of a legal entity in the form of a Full Company
  • Notarial and registration actions are already included in the price
  • Submission of documents for entry into the register of financial institutions and for obtaining a license in the NBU with a guarantee of a positive result

Legal advice on registering a pawnshop as a financial institution

Understanding the process of registering a pawnshop on your own is quite difficult. If you want to do so, contact our experts for an introductory consultation.

Within it, a lawyer will answer the following questions:

  • What steps do I need to go through to obtain a pawnshop licence?

  • How long does it take to go through the whole procedure?

  • What is the cost of registering a pawnshop as a financial institution?

  • What are the benefits for our Clients?

The price of the introductory legal consultation is included in the price of the main service when ordering it from us.

In addition, when obtaining a license, you need to pay a state fee in the amount of one living wage for able-bodied persons (from December 1, 2020 - 2270 hryvnia), the size for the next year will be known after the approval of the state budget for 2021.

Why us

Fixed price
Fixed price
We stipulate the cost of providing the service at the beginning of our work. After that the price cannot increase.
Guaranties
Guaranties
We have REAL long-term experience of work in the market of financial services. Unlike our competitors, we are not engaged in intermediary services, but do the work ourselves! It guarantees efficiency and quality of service provision.
Pawn shop registration in complex
Pawn shop registration in complex
We are ready to provide you with a turnkey Lombard registration service: this includes registration of a full society, registration in the financial establishments Registry, and obtaining a license. Also we are ready to help you in all subsequent and accompanying services: in the process of reissuance of the Testimony, and in various changes, etc.

We are ready to help you!

Contact us by mail [email protected] or by filling out the form:

Cost and term of the pawnshop opening

Cost of registration service is 28 000 UAH.

The cost does not include the official fees.

Application review term equals to 30 days from the moment of application submission to the State Commission for Regulation of Financial Services.

What documents do you need to open the Pawnshop?

  • copy of charter documents (notarized);
  • state registration certificate;
  • copies of documents that prove ownership or renting of a premise in which a pawnshop is located (notarized);
  • copies of diplomas and extracts from employment histories of a pawnshop manager and chief accountant (if there is a case of professions combining it is required to provide orders of appointment on and dismissal from a certain position);
  • copies of professional development program completion for managers and accountants of financial institutions.
  • information about availability of a separate premise for storage of collateral and required means of security in particular burglar alarm and security guards. Such information shall include: total area of occupied premise in square meters; total area of occupied premise used for storage of collateral; who guards the premise and/or which burglar alarm system is used.
  • information about special technical equipment, accounting or registering system (equipment for collateral evaluation, software, computer devices, means of communication) that will be used in a pawnshop.

Answers to frequently asked questions

What is the minimum amount of authorized capital that Lombard should have?

The minimum amount of Lombard's authorized capital is UAH 500 000. But if Lombard has separate subdivisions - the size increases to 1 million UAH.

How long should the head of Lombard have worked in the financial services market?

The legislation establishes requirements for education and special courses for pawnshop leaders. On the other hand, the legislation does not provide requirements for the length of service in the financial services market.

Can we help Lombards who plan to provide services in the regions?

Yes. We help Lombards from any region of Ukraine to successfully pass the procedure of entering the Register of financial establishments.

What does Lombard need to be fully operational?

In order to operate fully and legally, Pawnshops must be entered in the financial establishments Registry and licensed to "lend money, including on a financial credit".

How can we help You register a pawnshop (financial institution)?

To obtain status of a financial institution a pawnshop must comply with the following requirements:

  • be created as a full partnership;
  • create interior rules and regulations related to financial services provision by a pawnshop which are accordingly approved;
  • obtain special equipment, accounting and registration systems (including equipment for collateral evaluation, software, computer devices, means of communication, etc.) which are required to provide financial services, appropriate and timely auditing of financial and commercial transactions in accordance with legislation;
  • have personal or rented premise that has an area of at least 5 square meters and is intended to be used for financial service and related services of a pawnshop provision including a separate premise for storage of collateral and required means of security, in particular burglar alarm and/or security guards;
  • charter documents of a pawnshop must include exhaustive list of financial services and related services of a pawnshop that are planned to be provided;
  • charter capital that is stipulated by charted documents must be formed in accordance with the legislation and charter documents as of the date when application of information inclusion into the State Register of Financial Institutions is submitted;
  • capital of a pawnshop must not be less than 200000 UAH as of the date when application of information inclusion into the State Register of Financial Institutions is submitted.


Manager and chief accountant must meet the professional requirements in particular the following:

Requirements for a pawnshop manager:

  • complete higher education (specialist’s or master’s degrees);
  • completed professional development program and pass exam on experience compliance with professional requirements which is a part of typical professional development program for managers based financial institution’s type of activities and attested by the State Commission for Regulation of Financial Services. The course cannot be less than 72 hours;
  • not less than 5 years of total employment history;
  • for the last 5 years not to be a manager, financial director or chief accountant of a financial institution that went bankrupt, was forcibly liquidated or faced measures of influence from an authority that regulates financial services market in the form of removal of managers from their positions and appointment of temporary administration body;
  • have no outstanding conviction for intentional crimes, commercial crimes and malfeasances as well as not being deprived of ability to occupy certain positions and conduct certain activities.


Requirements for a pawnshop chief accountant:

  • complete or basic higher education level (specialist’s, master’s or bachelor’s degree);
  • completed professional development program and pass exam on experience compliance with professional requirements which is a part of typical professional development program for chief accountants based financial institution’s type of activities and attested by the State Commission for Regulation of Financial Services. The course cannot be less than 72;
  • have work experience as a chief officer on positions related to financial and auditing activities or experience of financial and accounting activities in financial market services, not less than 2 years and in particular not less than 1 year of financial services market employment;
  • for the last 5 years not to be a manager, financial director or chief accountant of a financial institution that went bankrupt, was forcibly liquidated or faced measures of influence from an authority that regulates financial services market in the form of removal of managers from their positions and appointment of temporary administration body;
  • have no outstanding conviction for intentional crimes, commercial crimes and malfeasances as well as not being deprived of ability to occupy certain positions and conduct certain activities.

Procedure of opening the pawnshop with us

When term, cost and procedure of pawnshop registration are agreed Client provides us the required documents, signs documents prepared by the firm. At the same time agreement of legal services provision is signed and prepayment is made. The firm begins the service provision.

Within the agreed term we pass a registration certificate to our Client.

During passing of the certificate a work completion certificate is signed.

Registration of a pawnshop service procedure may be changed to a more suitable one at your request.

To receive any additional information and order "Registration of a pawnshop" service – contact our legal experts.

If You want to open pawnshop fast and easy - call us!

Our publications on this matter

Our team

Ryzhova Tatiana
Head of the Legal Department – Head of Corporate and International Law Practice
Marina Losenko
Associate
Ivanna Stefanchyshena
Junior lawyer