Our team undertook several key steps to prepare the necessary documentation and ensure a successful license application:
1. Technical Documentation Preparation
We worked closely with the client's technical team to determine and prepare the necessary documents and revisions for the platform to pass the technical audit. We also coordinated a pre-license audit to assess the current status of the software.
2. Business Documentation Preparation
We developed a comprehensive set of business documents, including detailed business plans, financial projections, and market analyses, essential for a successful license application.
3. Key Personnel Identification
We identified and prepared the necessary key personnel, including their documents, to meet MGA requirements. This involved creating detailed resumes and histories for the past 10+ years of work experience.
4. Nominee Beneficiary and Shareholder Preparation
We conducted extensive actions to establish a Maltese company's nominee beneficiary, shareholder, and director. This included creating a compelling portfolio of income sources and expertise. We facilitated share purchase and dividend payment transactions to present a robust financial profile to the regulator.
5. Documentation and Audit
We prepared a complete package of business and technical documents, successfully completed a trial technical audit, and conducted a thorough audit of financial documentation. This included declarations explaining the origin of funds and their acquisition, as well as detailed resumes and explanations of the beneficiaries' expertise.