Having decided to open their own business or a new firm in another state, entrepreneurs are faced with the point of obtaining a license as an official permission to conduct activities. What kind of licensing is needed based on jurisdiction where the enterprise intends to operate and the scope of the enterprise.
Commercial licenses are special permits to operate, which are issued by the regulatory authorities of the country where the company operates. Such permission allows entrepreneurs to work legally, enter large markets, attract more customers and potential partners, open branches and maintain a clean reputation.
Having received a license, the company can operate completely legally without being afraid that the state authorities may revoke activities at any time or impose any penalties.
A business license is required for firms conducting socially significant or risky deals. Particularly, this list includes the medical industry, the manufacture and sale of alcoholic beverages and cigarettes, gambling and the provision of financial services. In different states, licensing conditions are different, so entrepreneurs are free to choose a more convenient and tax-favorable option for themselves.
To obtain permission, an entrepreneur must have an established commercial structure locally where the permit will be issued. Also, all the requirements of the local regulator and the regulatory framework, put forward in relation to the level of professionalism of employees, authorized capital and other things, must be met.
If you decide to buy a licensed business, you need to examine whether corporate documentation and tax-reporting are in proper condition. This aspect is especially important for firms operating in areas of activity that have not yet received strong regulation in some jurisdictions, or are associated with certain risks. These include, in particular, licenses for cryptocurrency.
It is also worth carefully studying the history of operations and interactions of the enterprise for resale with market participants, get acquainted with its reputation, the level of reliability from the legal side, assess the condition of the technical equipment, if any, etc., if the company has previously conducted any activity.
Entrust our professionals with the identification of pitfalls in order not to run into problems in the future.
Buying a ready-for-use offshore firm is one of the easiest ways to open commercials in another state. The potential owner will have access to reduced tax rates, favorable infrastructure and new markets.
To buy a company with official permit, you need:
In order not to enter into a deal with scammers and not to buy an offshore license with hidden problems, it is better to immediately entrust this business to professionals. Our company has been dealing with business licenses issues for many years and knows exactly how to choose and check any firm correctly. We’ll find perfect conditions for clients and ensure the acquired enterprise is clear and with a good reputation.
When planning to sell your own licensed company, you can independently prepare all the paperwork, re-register, search for clients, which will take many months, or even years. Or you can offer a deal to a specialized company. Our experts perform due diligence on documentation and then add your commercials to our list of ready-made companies for sale.
We assist buyers and sellers to find each other and securely conduct a transaction that will be beneficial to all parties.
To become the owner of a ready licensed company or to sell an existing one turning to the help of our professionals, you will not have to wait long. The procedure is carried out as soon as possible in compliance with all requirements.
Having successfully completed the enterprise purchase, you’ll receive a complete package of documents that will confirm your ownership-rights and allow you to start your activities.
Alas, there are a lot of sales offers on the Internet with very favorable conditions. But when it comes to actually buying a licensed firm, the price increases dramatically. The real price of a ready-made offshore is formed without considering the cost of a license. Licensing is a rather complex and expensive process, nevertheless, and it is more profitable to work with legal permission, since enterprise immediately acquires legitimacy and can provide proper security for clients. At the same time, if the firm hasn’t worked before, it will be mandatory to pay all commissions for the maintenance of the company for previous years, while it was open and waiting for you.
That is why in this case you should immediately turn to our experts – experienced professionals who work with many partners around the world and know the nuances of each market.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.