Translation. Region: Russian Federation –
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
1. Study the necessary federal laws and regulations.
2. Check the compliance of candidates for the position of managers and other persons of the organization being created with the established qualification requirements and/or business reputation requirements.
The list of persons is specified in Article 11.1 of the Law on Banks and Article 60 of the Federal Law of 10.07.2002 No. 86-FZ “On the Central Bank of the Russian Federation (Bank of Russia)”.
The qualification requirements and requirements for the business reputation of these persons are established by Article 16 of the Law on Banks.
To perform the check, we recommend using:
3. Collect documents to assess the financial position of the founders of the NPO and other persons provided for by the Law on Banks.
The procedure and criteria for assessing the financial position, as well as the requirements for the financial position are established By the Regulation of the Bank of Russia dated 28.12.2017 No. 626-P.
4. Select a unique name for the non-bank credit institution being created.
Requirements for the name are established by Articles 54 and 1473 of the Civil Code of the Russian Federation, Article 7 of the Law on Banks and Bank of Russia Instruction dated 02.04.2010 No. 135-I.
To check the names already in use, we recommend using the State Register of Legal Entities of the KO and the Unified State Register of Legal Entities (USRLE).
Before making a decision to establish a non-profit organization, founders must submit a request to the Bank of Russia regarding the possibility of using the proposed full corporate name and abbreviated corporate name of the credit institution (in Russian).
5. Pay the state fee for obtaining a license to carry out banking operations.
For the issuance of a license to carry out banking operations, a state fee is paid in accordance with subparagraph 93 of paragraph 1 of Article 333.33 of the Tax Code of the Russian Federation.
The amount of the state duty is 0.1% of the declared authorized capital of the established credit institution, but not more than 500 thousand rubles.
6. Prepare and submit to the Bank of Russia a set of documents for state registration of a non-profit organization.
A set of documents for state registration can be sent to the Bank of Russia via personal account, as well as by mail or courier to the Bank of Russia’s dispatch office.
To create a non-banking credit institution in the form of a limited liability company, a “set of standardized documents".
7. Receive notification of the entry of information about the non-bank credit institution into the Unified State Register of Legal Entities and a registration certificate from the Bank of Russia.
After making a decision on the state registration of a non-profit organization, the Bank of Russia sends to the authorized registration body the information and documents necessary for it to carry out its functions in maintaining the Unified State Register of Legal Entities.
Based on the decision taken by the Bank of Russia and the information and documents submitted by it, the authorized registration body, within a period of no more than five working days from the date of receipt of such documents, makes a corresponding entry in the Unified State Register of Legal Entities and, no later than the working day following the date of making such entry, notifies the Bank of Russia thereof.
No later than three business days from the date of receipt from the authorized registration authority of the entry of a non-profit organization's state registration record in the Unified State Register of Legal Entities (USRLE), the Bank of Russia notifies its founders and requests payment of 100% of the organization's declared authorized capital within one month. The regulator also issues the founders a document confirming the entry of the organization in the Unified State Register of Legal Entities (USRLE) and a Bank of Russia registration certificate, assigns the non-profit organization a Bank of Russia registration number, and enters its information into the State Register of Legal Entities (KGRKO).
8. Pay the authorized capital and obtain a license to carry out banking operations.
Upon presentation of documents confirming payment of 100% of the declared authorized capital of the NPO, the Bank of Russia issues it a license to carry out banking operations within three days.
Information about an NPO after its creation and issuance of a license is posted inDirectory of financial organizations on the official website of the Bank of Russia.
The notice of state registration of a credit institution is published inBank of Russia Bulletin.
A non-bank credit institution has the right to carry out operations from the moment it receives a license issued by the Bank of Russia.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.