Initial Consultation
During this stage, an initial meeting with the client is held to discuss their business needs and goals. The specialist explains the registration and licensing process and answers any questions the client may have.
Contract signing and invoice payment
The client signs the service agreement, followed by payment of the invoice for the services. This establishes the legal basis for cooperation and allows the process to move forward.
Documents preparation (client dependent)
The preparation of all necessary documents depends on how quickly the client provides the required information. On average, this process takes around 7 days, including collection, formatting, and verification of the documents.
Company incorporation
Once all documents are submitted, the company is officially registered with the authorities. This process usually takes between one and three days, depending on the workload of the registering body.
Business plan, policies
A business plan and internal company policies required for licensing are drafted. This stage typically takes one day if all client information is provided correctly.
Final check and License invoice payment
A final review of all documents is conducted and the license application package is prepared. The client pays the license fee, allowing the official submission for regulatory review.
License application review by regulator
The regulatory authority reviews the submitted application and checks that all documents comply with requirements. This process may take 30 days or more, depending on the complexity of the business and the regulator’s workload.