Tax and legal audit of the project / organization

Inteliumlaw has a developed network of foreign banks and non-banking financial institutions, as well as payment aggregators around the world to offer our clients tailored Payment Solutions for Business. We help our clients with the selection of an institution for opening an account that meets their goals and wishes and fully support the account opening process, including bank compliance stage. We provide services for opening personal and corporate, current, savings and wealth management accounts, merchant accounts, accounts in crypto-processing, which allow our clients to accept payments in crypto-currencies. Corporate accounts well-functioning Corporate Bank Account is an important element for any type of businesses, regardless of jurisdiction or industry. Company exists only on paper if it does not have a bank account. It could not be a fully-functional market participant, conduct its activities, accept incoming and make outgoing payments, accumulate earned funds, and distribute profits. Even working with cryptocurrencies, in order to organize transparent activity of your business, increase economical substance, etc. your company will need a bank account, as well as solutions allowing processing of crypto-payments on your web-site and conversion of cryptocurrencies into fiat. Based on the analysis of your business, our firm will advise you on payment solutions the most suitable for your business needs and help you to Open Bank Account with a Foreign Bank. It could be a traditional account with a foreign bank and/or account with non-banking financial institutions (Electronic Money Institutions, Payment Institutions), integration with payment aggregator or crypto processing. Process of opening accounts in banking institutions is becoming an increasingly complex. Banks are ready to consider the most transparent businesses with a low-risk level, in particular traditional offline businesses. The nexus approach becomes more popular, as a result just limited number of banks accept foreign companies (not incorporated in/tied to the country of bank location). Given all the difficulties with opening accounts in traditional banking institutions, accounts in non-banking financial institutions (EMI or PI) are considered as solutions for online businesses – software companies, eCommerce, digital marketing, online gambling and others. At the same time, it should be noted that due to the tightening of global legislation in the field of combating the financing of terrorism and money laundering, passing the Know Your Client (KYC) procedure during the acceptance of clients has become more difficult not only in banks but also in non-banking financial institutions. To open an account, it will be important for the client to show the business plan for the project / business, justify the source of wealth for the business and beneficiaries, ideally, disclose the experience in the chosen business field, the planned first contracts with clients, and so on. Inteliumlaw will be happy to assist you with selection of a relevant payment solution for your business, support the process of account opening and make it to the extent possible smooth and easy. If you have any questions or require assistance, please contact our specialists. Personal bank account Opening personal accounts in reliable banking jurisdictions for the placement of distributed profit, saving and disposing of personal funds is a matter of particular importance that every business owner faces. The choice of a bank in this case can significantly affect the level of asset protection. Depending on the goals pursued by the client, it is possible to open two types of accounts: current account and savings account. It should be note that today only few banks are ready to consider foreign clients for the purpose of current accounts opening. In this regard, accounts in non-banking payment institutions (Electronic Money Institutions, Payment Institutions) are becoming increasingly popular, which, due to their functionality, can fully replace ordinary banks. Savings accounts It should be note that today only few banks are ready to consider foreign clients for the purpose of current accounts opening. In this regard, accounts in non-banking payment institutions (Electronic Money Institutions, Payment Institutions) are becoming increasingly popular, which, due to their functionality, can fully replace ordinary banks. Today, the process of personal account opening is no less complicated than the process of opening a corporate account. Banks carefully check the candidacy of potential clients within the KYC procedure. Among others, the key aspects of the research are the source of origin of clients’ funds, its history, reputation, etc. If you are interested in opening of a personal current or savings account, please contact our specialists, we will be happy to help you with your query. Leave Us A Message And we wil get back to you Contact Us Other services

We offer professional support for online gambling businesses led by experienced gambling specialists. Our services encompass advising on business incorporation and maintenance, structuring gambling company activities, drafting and reviewing various gambling-related agreements, and formulating website policies, such as Terms & Conditions, AML policies, and Privacy policies. Additionally, our expert legal consultants provide assistance with other online gaming license services, including but not limited to developing business plans, obtaining online gambling licenses in specific jurisdictions, and resolving other legal issues as requested by our clients. At Inteliumlaw, we collaborate with gambling software development companies, providers of gaming systems and technologies, gambling resellers, distributors, gaming aggregators, operators, and white-label businesses within the gambling sphere. Below, we provide a guide on how to get an online casino license and other iGaming license-related explanations that might be of great value to your business. What is a Gaming License? When starting your gambling business, you might for sure consider the following question “What is a gaming license?”, “What is a gaming license for a casino?”, “Do I need a gaming license for my project?”, “How can an online gaming license help me?” Let’s discuss these questions here. A gaming license is a legal permit issued by regulatory authorities, granting authorization for gambling technology providers, operators, and other gambling market players (e.g., related services providers) to engage in gambling activities within a specific jurisdiction(s). It functions as a validation of compliance with the stringent regulations and guidelines established by the licensing authority. The gaming license ensures that businesses function in line with the applicable law, maintaining fairness, security, and responsible gaming practices while ensuring trust among players and potential partners. Gaming licenses act as a guarantee of transparency and fair play, protecting both the players and the industry itself. However, getting a gaming license isn’t an easy process. You will need to go through several checks and tests, including technical, personal, and legal compliance reviews. Thus, it is recommended to engage professionals who can assist you through all stages. Who is Required to Obtain an Online Gaming License? Online gaming licenses are required for businesses that operate casinos or engage in online gambling. These businesses could cover any aspect, including technology, customer service, financial management, website maintenance, or else. The diverse range of participants in the gambling industry emphasizes the need for comprehensive regulatory oversight, safeguarding not only the interests of the players but also preserving the credibility and trustworthiness of the industry as a whole. Advantages of Obtaining an Online Gambling License Acquiring an online gambling license brings forth a multitude of advantages that go beyond mere legality. Here are several key benefits: Trust and Recognition from Players and Partners. A licensed gambling platform inspires trust and confidence among players. It serves as a hallmark of integrity, assuring players that the gaming establishment operates ethically, thus enhancing customer loyalty and trust. Access to New Markets. Online gambling licenses often allow access to new markets that might otherwise be restricted, expanding the reach and potential customer base of the gambling enterprise. Enhanced Brand Reputation. An iGaming license bolsters brand reputation, positioning the gambling platform as a trustworthy and reliable entity. Investor Confidence. A licensed gambling enterprise tends to attract more investor confidence, potentially opening doors to funding opportunities for expansion and innovation. Recognition by Financial Institutions, Software Providers, and other Partners: An official license boosts your credibility and builds trust with partners, including software providers and financial institutions, by showing your commitment to regulatory standards. Unlicensed gambling entities will hardly be able to have fiat payment methods or other reputable partnerships for their online casinos. Regulatory Support. Regulatory bodies provide licensed gaming establishments with continuous assistance and updates, guaranteeing compliance with changing industry norms and legislative mandates. Legal Protection. A licensed gambling operation enjoys the protection of the state in the event of disputes or legal issues. This not only safeguards your business but also reassures stakeholders of a legal recourse in case of conflicts. In case of any claims, you will have a regulation to argue against them, which is very helpful for your legal risk management. Getting an online gambling license promotes sustainable growth and reputation in the gambling sector by fostering an atmosphere of trust, legitimacy, and responsible gaming practices, in addition to legal compliance. Gaming License Requirements and Rules When answering the question “How to get a gambling license?” please consider the following: each country has its own set of rules and requirements. There are common expectations from regulators, but the gaming license requirements to obtain a gaming license in different jurisdictions differ. The common requirements often include: 1. Good Reputation Ultimate Beneficial Owners (UBOs) and directors should have a good business reputation, relevant experience in the gambling industry, and no criminal records – so-called “gaming license background check.” 2. Clear and Understandable Source of Funds The confirmations of the source of wealth should be provided. It is necessary to show how the funds to finance the business were earned alongside the financial history of the key individuals 3. Developed Business Plan A detailed business plan is important to show how the project will operate and grow (what are the expectations and projections). 4. Team The organizational structure of the team involved, as well as a description of the functions of each member and their roles, should be provided. 5. Certification of the Platform and Content It is important to confirm that the technology and games you plan to use are fair and fall within the global technical standards or specific standards of a particular jurisdiction (if any). 6. AML and KYC Policies Anti-Money Laundering (AML) and Know Your Customer (KYC) policies should be in place to confirm that the business will perform necessary checks. 7. Paid Share Capital Certain jurisdictions may, among other gambling license requirements, ask a business to have a proper share capital as a guarantee in case of any potential payments due to players or authorities. 8. Substance Requirements Regulators may require keeping a proper presence in

The activities of any company must comply with the current legislation. It is difficult to imagine all processes without legal business support. The specialists of Intellium Law know all the peculiarities of work and legal regulation of various areas of business and have extensive experience in legal support of IT, gambling, e-commerce, cryptocurrency business, production, trade, restaurant business, telecommunications business, investment business, real estate business and other areas. This allows our specialists to provide high-quality business legal support services to companies of any size and form of ownership. Legal support and business protection: what is it? Complex legal support of business involves a whole series of measures aimed at supporting business in compliance with the necessary regulations. It also allows you to prevent and reduce legal and tax risks, protect the capital and interests of the owners of the company/group. The procedure involves legal management of operational activities, verification of counterparties, agreements and documentation. By agreement, legal support may include participation in the company’s litigation, which, in most cases, is not included in the usual package. Many business owners prefer to have an in-house lawyer. But subscription legal business support from law firms offers more advantages. Here are the most famous of them: Cost reduction. Usually, the services of a third-party firm are cheaper than paying the salary of an in-house lawyer on an ongoing basis. Collective support. One specialist will not be able to perfectly understand all the nuances of each process. A team of professionals will cope with any tasks much better. Diligence. One lawyer cannot always cope with a high workload and keep track of all changes in legislation. Speed. The team will be able to cope with a much larger volume of work in a shorter period of time than one specialist. Quality. Usually, in law firms, any task goes through several levels of review from a junior to a senior specialist and final approval by partners. In what cases are business legal support services required? Running a business without subscription legal service and support is a very risky activity. After all, the company carries out activities with a constant risk of violating the current law and is legally unprotected. Therefore, it should be emphasized that legal support of small businesses, medium and large enterprises is a daily necessity. The service of legal support for business purchase and sale agreements and investment projects is also very popular. In this case, the buyer has confidence that the company’s activities comply with the current laws and the criteria stated by the seller, and that the investment asset is properly registered and will not create any legal/tax risks for the investor. Leave Us A Message And we wil get back to you Contact Us Other services