How to obtain a license to provide financial services

Financial companies, pawnshops and legal entities have the right to provide financial services (to conclude contracts for the provision of such services) solely on the basis of the respective licenses.

This is stated on the Government portal.

Whom are the licensing conditions applicable to? - To all economic entities engaged in the provision of financial leasing services, the provision of funds on a loan, including on the terms of a financial loan, the provision of guarantees and suretyship, factoring services and trust management of financial assets.

What you need to do is to submit an electronic application personally through the Unified State Administration Services Portal.

Terms of service fulfilment is 3 working days from the date of receipt of the application.

The cost of the servise is 1 minimum subsistence level.

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