Step
Definition of the Activity and License Type
Choosing the most suitable activities according to the business requirements and defining the license type and need for local sponsor/local service agent.
Step
Documents` Preparation
Obtaining all necessary documents (application form, shareholders` details, business plan, etc.), drafting Memorandum of Association and Power of Attorney, obtaining documents` attestations (if needed).
Step
Trade Name and Initial Approval
Reservation of the trade name and submission of the documents for the initial approval.
Step
External and Final Approval
External approval may be required for certain activities. Upon receipt of the external approval, the registration process can continue for the final payment and receiving the final approval from the authorities.
Step
Issuance of the License
Once all the payments and approvals are obtained, the license will be issued for one year. Every mainland license is subject to annual renewal.
Step
MOL card, Establishment card, and Visas
After final issuance of the license, MOL and Establishment cards can be processed. Once those are received, residence visas processing can commence.