Tax and legal audit of the project / organization

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

International structuring is of great importance for any business, both already functioning and planning to enter the international market. The correct organization of the legal structure and rational tax planning is the initial and basic guarantee of successful business development in the future. Given the current global trends, among the rest of the automatic exchange, counteracting the erosion of the tax base, the shift of profits, and other measures to combat tax evasion, the competent structuring of business in world markets becomes even more important. The support of professionals in this area will be of great importance for the adaptation of businesses to various innovations, ensuring their continuous operation and protecting interests in the new realities. The most optimal solution is to entrust the planning to a specialized law firm. Key factors International structuring is an extensive set of legal processes. All of them contribute to protecting business assets, minimizing legal and tax risks, using the most rational ways in the field of taxation, and solving other tasks set by the client. The necessary solutions are developed using legally acceptable mechanisms and tools. Specialists use the available tools in such a way as to ensure the maximum effectiveness of the measures taken to protect and optimize the business of clients. A full international structuring in most cases consists of the following steps: First, a meeting or call is scheduled with the client. During it, we discuss the initial data, as well as determine the goals and objectives. Our experts analyze the provided description, work out all the preliminary options and possibilities. Further, communication with the client continues to clarify the details and features, preliminary agreement on possible jurisdictions and mechanisms for their further more detailed consideration by professionals. A memorandum is being prepared outlining the structuring options. Next, the specialists present the options developed in the memorandum to the management of our client. After that, we further discuss and agree on the most suitable options. At the final stage, our company provides full support for the implementation of the structuring option, and individual restructuring elements chosen by the client. Benefits A number of positive factors influence the demand for the services of our lawyers. Our specialists have significant experience in international planning, they know the practical features and all the possible difficulties that may arise in this area. Inteliumlaw constantly monitors current trends, planned transformations and innovations in the field of international taxation. Thanks to the accumulated experience and monitoring of upcoming changes in this area, we work proactively for our clients and develop structures for businesses that are most adapted to modern conditions. Our offer Our specialists provide full support for the process of international corporate structuring. Inteliumlaw provides a wide range of services in this area. Specialists conduct preliminary consultations on optimizing the structure of groups of companies. At the request of our client, we prepare legal opinions on the peculiarities of the work of jurisdictions and taxation in certain countries. Our company develops optimal business structures according to customer requests. We take into account the peculiarities of the business and the priorities set. We also analyze the current structures of groups of companies and their restructuring. Inteliumlaw provides full legal support for the implementation of the developed business structure, as well as the inclusion of individual companies in the group structure. In addition, our client can receive a complete implementation of the international business structuring project with professional support at every stage – from consulting to the full implementation of the project. 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