LEI Identifier
According to the requirements of ISO 17442, from November 1, 2017, the LEI (Legal Entity Identifier) code was introduced for organizations working with foreign partners. The use of the assigned number is mandatory for financial transactions. The validity of the permit is 1 year, after which the extension is carried out.
Since January 3, 2018, the LEI instrument has been adopted as mandatory for international financial transactions, including the conduct of marginal foreign exchange transactions
The code has following functions:
- Legal entity identification during transactions.
- Ability to verify the status of the partner organization when conducting transactions, transparency of information.
- Avoiding mistakes in transactions on the world market.
- Obtaining information on the amount of funds, founders, the organization form, the head of the organization by other participants of commercial relations.
- Forming requests for issuers of securities.
If there is no code, companies will not be allowed to enter into international transactions. Since January, it will be impossible to conduct banking operations.
LEI is issued according to the self-request of a legal entity. Issuance of identification codes is carried out by a specialized organization - Global Legal Entity Identifier System. The decision on the possibility of providing a unique digital number is taken within a period of one to several months. In this connection, it is not recommended to delay the consideration of the issue. It is better to delegate the issue documentation to specialized companies that interact with authorized numbers assigning structures. To do this, you will need to report the exact activities that the organization plans to engage in, information about founders and management, the amount and documents for the authorized capital.
The purpose of creating the Legal Entity Identifier is to organize a unified international database of legal entities based on the ISO 17442 standard. The data will be used to control financial transactions by the International Supervisory Authority, as well as when reporting on activities. The decision to introduce a code system was part of the G20 task for the risk assessment at the global level. All assigned numbers are stored in the global GLEIF database, combined in the LEI Code Guide.
Ready-made companies with bank accounts
Or you've already got own business and there is a need to expand the scope of activities. To avoid the loss of time and effort to register juridical individuals, you can arrange a ready-made company. You will have a fully prepared company with a package of documents, which is mandatory for conducting a full-fledged activity.
Companies with licenses
Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.
Banks
Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.
Funds
Investment fund is a modern investment tool designed for all types of assets. The purpose — managing of assets as well as solving number of tasks in a way that works best for individuals. There is no open subscription, meaning that a private investment fund has a closed structure. This is the most optimal solution for distributing capital through broad instruments.
SEMI for sale
When conducting business related to foreign exchange transactions, electronic money and cryptocurrencies, it may be necessary to open a financial company with a SEMI license. This type of license covers the production of debit cards and cryptocurrencies, the acceptance and sending of payments, the execution of transfers from third parties, and the opening of merchant accounts.
Crypto Offshore
When working with cryptocurrency it is important to choose the right country, where it is most profitable to open a company. Each country has a different attitude towards this type of currency. A country that has a loyal or positive attitude towards cryptocurrency can be called a crypto-offshore.
