Tax and legal audit of the project / organization

The main task of every entrepreneur is the development of his business. And the main condition for the realization of this goal has always been an increase in sales. A successful solution will be to increase profitability thanks to entering the foreign market. And for this, an entrepreneur must understand how to do business registration abroad so that it fully meets the requirements of the local legislation. Advantages to open a company abroad Registering an enterprise in another country has many advantages. Many states care about attracting entrepreneurs from other countries. Therefore, the local government introduces special privileges and creates the most loyal conditions for the activities of foreign companies. The modern market dictates new conditions to entrepreneurs. One of the main trends in it is a very high level of competition. Therefore, company owners are often forced to enter foreign markets in order to be able to continue business development and increase profitability. Sometimes the choice of a foreign jurisdiction for conducting business may be determined by the specifics of the business itself and its regulation in the relevant state (for example, obtaining licenses). Among the main benefits for entrepreneurs, the following can be noted to open a company abroad: selection of a jurisdiction with optimal conditions and legal basis for the company; an opportunity to attract more investors; increasing the number of buyers and clients; the ability to find markets with minimal competition; the opportunity to use benefits from the state; favourable taxation systems. When a business owner chooses a jurisdiction, it is important for him to consider all the nuances of the company’s activities. For some, the most important are the registration deadlines and the absence of bureaucratic complications to open a company abroad. For others, the most important thing is a wide range of registration forms. Some businessmen are looking for opportunities to remotely manage and open virtual offices. For some, a loyal taxation system is a priority. Most often, favourable competitive conditions are offered in Asian countries. Incompletely developed markets make it possible to bring the company to a fairly high level of profitability in a short period of time. Also, in Asian countries, you can count on the provision of various grants and loans on preferential terms. Each Asian country offers different conditions. For example, in Malaysia, entrepreneurs will have the lowest costs for establishing and developing a business. In general, the costs of maintaining a company here are among the lowest. The markets of European countries are already fully developed. But businessmen in this region are most attracted by the stability of the country’s economy, protection by local legislation, as well as the jurisdiction’s reputation in the eyes of potential partners. How to quickly and easily open a company abroad? It is quite difficult to implement this task on your own. Help will be needed even at the initial stage – during the selection of a jurisdiction. After all, how efficiently your company will work in the future depends on this. Our company performs Incorporation of Companies Abroad on optimal terms. Professionals will analyze your company’s activities and select the state with the best conditions. At the same time, they necessarily take into account all the wishes of the customer and the peculiarities of local legislation. Our experienced lawyers know all the nuances of this procedure. Therefore, business owners do not have any problems with the preparation of documents or obtaining the necessary permits. By contacting our company, you will not only get a great opportunity to scale your business, increase profits and reduce costs, you will relieve yourself of troubles when performing these tasks. Our specialists will provide professional support and help you achieve the desired result. Leave Us A Message And we wil get back to you Contact Us Our cases Other services Leave a request for a service The accumulated experience and tracking of future changes in this area allow us to be proactivefor our clients and develop the most adapted business structures to modern conditions. By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.

Legislation in the country is constantly changing. New concepts are added, existing norms are changed and obsolete ones are removed. Businesses do not always have time to keep track of changes. After all, it is important for entrepreneurs to carry out activities strictly in the legal field. Keeping an experienced lawyer on staff who monitors the compliance of the company’s activities with changes made to the legislation is not always profitable and expedient. It is often much more efficient to entrust this procedure to third-party companies. Our experts perform a legal due diligence with the following recommendations to address the identified issues. What does a legal audit examine? A legal audit of an enterprise is a set of measures that allow checking the compliance of a certain company’s activities with the current legislation of the country in which it operates. During the inspection, the following is studied: Why do you need legal business consulting? A legal audit of an enterprise is a set of measures that allow checking the compliance of a certain company’s activities with the current legislation of the country in which it operates. During the inspection, the following is studied: availability of necessary documents and their correctness; compliance of the legal side of the activity with the legislation; probability of bringing employees to justice for improper documentation; document flow. Due Diligence is complicated However, the legal audit of the company is not limited to the research of only one area. This is a large-scale system audit that covers all aspects of the company’s operations. Specialists analyze compliance of each aspect with legal norms and established corporate standards. The key purpose of this procedure is to identify errors, inconsistencies, inaccuracies and deficiencies. In addition, lawyers develop recommendations to eliminate identified shortcomings. All actions are aimed at eliminating the risks of unplanned losses. Due to the timely conduct of a legal audit of a business, it will be possible to avoid fines and sanctions from the tax service and other regulatory bodies. The audit minimizes the risks of losses associated with incorrect actions of counterparties. It also allows you to avoid the possible costs of court proceedings in the case of prosecution of employees or managers of the company. When are legal audit services needed? Usually, Legal Due Diligence is conducted before the merger of two companies. Thanks to this, it becomes possible to assess the legality and truthfulness of the information provided by partners. It is also important to carry out the procedure for attracting investors. This makes it possible to understand the expediency of investing funds and significantly improves the company’s reputation. This procedure is often carried out before the sale of the company. In this way, the real state of affairs in the company is shown to the potential buyer. The best option is to conduct an audit from the time the company was founded. And you need to do it regularly. After all, thanks to this, the entrepreneur will be able to avoid possible penalties from the regulatory authorities. Depending on the customer’s requirements, a complex audit or an inspection of a separate field of activity is carried out. Our company provides legal audit services in the following areas: checking the corporate situation; audit of commercial activity; management and personnel systems; contractual activity; real estate and assets of the company. During the audit, specialists perform extensive and painstaking work. In addition to primary analytics, they perform a review of each area of activity. They have to check literally every document and business process. The audit involves studying the following: company assets; financial flows; sources of funds; requirements for partners; tax issues; statutory documentation. Legal audit services Our company offers services for conducting legal audits of businesses/projects in various countries of the world. Highly qualified specialists will carefully and quickly perform all the necessary analytics. At the same time, our work will in no way interfere with the activities of your company/project. That is, the customer/object of inspection will not have to lose his profit during the inspection of the business. Trusting our specialists, you invest in the future of your business and its stable operation. Leave Us A Message And we wil get back to you Contact Us Other services Leave a request for a service The accumulated experience and tracking of future changes in this area allow us to be proactivefor our clients and develop the most adapted business structures to modern conditions. By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.

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 policy, Privacy policy, etc. Additionally, our expert legal consultants assist in developing business plans, obtaining Gaming license 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. What is a Gaming License? Guide to understanding how to get a gaming license | InteliumLaw Below we provide for your attention a guide on how to get a gaming license, and other gaming license related explanations that might be helpful for your business. What are Gaming Licenses? When starting your gambling business you might for sure consider the following question “What are gaming licenses?”, “What is a gaming license for a casino?”, “Do I need gaming license for my project?”, “How online gaming license can 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 sometimes other participants of gambling market (e.g. related services providers) to engage in gambling activities within a specific jurisdiction or jurisdictions. It functions as a validation of compliance with the stringent regulations and guidelines established by the licensing authority. It ensures that gambling establishments function in line with the applicable law, maintaining fairness, security, and responsible gaming practices. Gaming licenses are a of a high importance gambling businesses. They show business compliance with the law, provide players and partners with a level of trust to casino, technology provider or other market participants – holder of the gaming licenses. Gaming licenses are a kind of guarantor that things are transparent and fair, 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 a professionals that can assist you through the all stages. Who is required to obtain online gaming licenses? Online gaming licenses are required for businesses that operate casinos or online gambling. These businesses manage all aspects of business, including customer service, financial management, and website maintenance. Governments have tight regulations about who can run these firms because gambling can be dangerous. However, licenses are not only required by gaming firms; other parties and companies involved also require them. Not only do the companies that run casinos and online gambling need special permits, but so do other businesses involved in the gambling industry. These permits make sure that everything operates fairly and safely. A gaming license sets rules for gambling businesses to stay legal and fair, protecting players and the industry’s reputation. It involves strict screening, compliance checks, and a commitment to responsible gaming. 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. Once you realize “What is a gaming license?” you will of course would wish to know what benefits it could add to your gaming project. Acquiring an online gambling license brings forth a multitude of advantages that go beyond mere legality. Here are several key benefits: Rule of Operation Assurance. The foremost advantage is the assurance of operating within regulated parameters, complying with established rules and standards. This compliance ensures that your gambling enterprise functions legitimately and ethically. You have rules to follow and till you adhere to them you are on a safe side from a legal standpoint. 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 that is very helpful for your legal risk management. Business Partner Acceptance. An official license boosts your credibility and builds trust with partners, including software providers and financial institutions, by showing your commitment to regulatory standards. Player Trust and Recognition. 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. Recognition by Financial Institutions. Licensing ensures recognition and acceptance by payment institutions, simplifying financial transactions and collaborations with banking partners. This facilitates seamless payment processing, a vital aspect of a smooth gambling operation. Not licensed gambling entities will hardly be able to have fiat payment methods for their online casinos. Mitigation against Criminal Suspicions. Being licensed guards your establishment against suspicions of involvement in criminal activities. It demonstrates adherence to stringent regulations, deterring potential illicit activities and ensuring a secure gambling environment. Players protection. Compliance with regulations assists in preventing underage gambling. This demonstrates a commitment to responsible gaming practices. Marketing Opportunities. A gaming license enhances marketing campaigns by providing a trustworthy endorsement, attracting a wider audience, and potentially generating additional revenue streams. Access to New Markets. Gaming Licenses often allow access to new markets that might otherwise be restricted, expanding the reach and potential customer base of the gambling enterprise. Regulatory Support and Updates. Regulatory bodies provide licensed gaming establishments with continuous assistance and updates, guaranteeing compliance with changing industry norms and legislative mandates. Enhanced Brand Reputation. An igaming license bolsters brand reputation, positioning the gambling platform as a trustworthy and reliable entity, thus attracting both players and potential investors. Operational Transparency. To meet licensing requirements, businesses must be transparent about their operations, so stakeholders, regulators, and players can see that gambling activities are fair and