There are some newly implemented rules regarding the fintech sphere in Latin America. The aim of them is putting a stop to fraud. This creates plenty of difficulties for regional fiscal institutions and enterprises, since they have to stay adhered to these rules and be kept posted regarding any alterations. This article will make you…
If you’re ready to take the plunge and launch an online casino, the major thing you demand to figure out is how to get a gaming licence for your online casino. You won’t receive deposits, run ads, or even go live without one. No licence equals no commerce– it’s as simple as that. The online…
The process to obtain an EMI license in Europe changed in 2025. Regulators tightened rules on digital money. New criteria and standards are waiting for companies. Demand for safe online payments is growing rapidly. This guide outlines context, key steps and recent developments for applicants. Having that information lets companies plan for the future while remaining in…
In our world there is a problem which can have an influence on some people around the whole world. We are talking about political oppression that forces people to escape from their native country to another one. The reason for this is that a person encounters some kind of a risk and finds themselves in…
A clean, MSB-licensed company registered in the United States (Wyoming) is available for immediate acquisition. Established in 2025, this entity is in good standing and fully equipped to operate in key financial service areas, including cryptocurrency and money transmission. Key Features of this MSB Company Incorporation Details: Year of Registration: 2025 Jurisdiction: Wyoming, USA Status:…
We’re pleased to offer an established, fully API licensed payment company in Spain for sale – a turnkey opportunity for those looking to enter or expand in the European financial services market. Buy API Licensed Payment Company in Spain A closer look at API licensed business in Spain for sale and its features. License: Authorized…
If you need to start working in the UK without waiting months for paperwork, a ready-made UK company with bank accounts for sale might be exactly what you’re looking for. We’re selling an established private limited company, fully registered in 2023, complete with working bank accounts and a UK address. Buy Ready-Made UK Company with…
An excellent opportunity to acquire a fully licensed and operational Virtual Asset Service Provider (VASP) company in Lithuania. The company is structured to serve both B2B and C2B segments, offering crypto payment and exchange solutions via a scalable and compliant infrastructure. Key Features of this Lithuanian VASP: Regulatory and Company Setup License: VASP License issued…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40An individual entrepreneur (abbreviated: FLP, or in Ukrainian – FOP) is a person who is engaged in business in accordance with the law. The main requirement for such a person is his full civil legal capacity. In some cases (subject to a number of requirements), a minor can also be a sole proprietor. This procedure differs from the registration of an emergency, as it has some conceptual differences.
This procedure has become especially relevant after the update of the “Tax Code” and the development of new rules for the payment of a single tax. Small business owners began to register private entrepreneurs. SPD can issued at the place of registration.
In order to register, a citizen must write an application. If a person is already 16 years old, he can engage in business with the permission of his parents or guardians.
If a citizen, due to his personal convictions, refused to register in the register of taxpayers, then he personally submits the documents. The reason for doing this is this: a refusal mark is in the passport. The transfer of this document to outsiders is prohibited by the law.
In other cases, a proxy can transfer paper for registration (but with the appropriate document). Registrar accept the documents with the inventory . The day of receipt is indicated. A copy of the inventory is left to the applicant.
Sometimes a citizen may be denied such a procedure. This happens in cases when the application was drawn up incorrectly, not all information was submitted (or the documents do not meet the requirements set forth by the legislation).
In such a situation, you need to correct all the shortcomings and reapply. The registrar also uses the electronic registry to ensure that there is no reason for refusal.
The registration procedure doesn`t carry out in such cases:
In case of refusal, the person writes notice along with the submitted package of documents. He has the right to file a lawsuit and appeal against the registrar’s decision.
If no reasons for refusal are identified, data on the new individual entrepreneur is entered into the USR. It is the date of this entry that is the day of registration of the subject.
Statistical bodies, the Pension Fund of Ukraine, the tax service also confirm the registration of a new entrepreneur. After that, the registrar can issue an extract from the USR.
According to the law, registration of a sole proprietor takes place within 24 hours after the transfer of documents to the registrar.
In order to complete the SPD registration procedure without difficulty, it is better to contact the specialists of Eternity Law International. Also, the company’s specialists will hold a consultation for you.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.