Inventory of Business Licenses

General information
Name of formality	License to Operate an Electronic Transaction Business
Type of formality	License
Date of last modification	23.07.2020
Responsible Authorities
LSIC
Who should complete this business formality?	Any individual or legal entity or organization that intends to operate a business in an electronic transaction form: electronic commerce platform (e-commerce), digital payment platform, consultancy service on electronic transactions, the approval for importing electronic equipment, and software system relating to electronic transactions
Qualifications needed by the business to get the formality	1. Having a Business Registration Certificate from the Ministry of Industry and Commerce; 2. Owning a verified website, software, or applications; 3. Having No history of fraud, not in the process of bankruptcy, not under foreclosure or conviction in a similar case. 4. Having sufficient secure funds in the bank; and 5. Having an appropriate set-up location for operating the business.
Additional Comment

LEGAL FRAMEWORK
Name	Number	Date	Comment
Electronic Transactions Law	31/NA	29.12.2022		""

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Certificate of Tax Registration ID	Confirmative act
Technical Report	Confirmative act
Application Form	Confirmative act
Location Map of the Enterprise	Confirmative act
Certificate for Enterprise Registration of Company Limited	Formality
Copy of ID card or Family book of Managing Director	Confirmative act	or passport
Power of Attorney (in case the applicant appoints the attorney to proceed with the application)	Confirmative act

REQUIRED DOCUMENTS FORMALITIES - Renew
Name	Type	Comment

 

Mean of presentation
Means of presentation	At the Authority Offices
Address of authority
Processing Time (Day(s))	15	Relevant laws do not define how long the review process will take, but the authorities informed that the normal process shall not exceed 15 working days.

 

RENEWAL INFORMATION
Does the formality have a validity or an expiration date?	YES
How long will the formality be valid for? (in months)	12
What is the process and conditions to get the formality?
What is the process and conditions to renew the formality?

 

ISSUING FEES
Has application fees?	Service fees	Certificate fees	Application fees	Total fees
YES	300000.00	100000.00	0.00	400000.00
Comments	As advised by the authorities

 

RENEWAL FEES
Has renewal fees?	Service fees	Certificate fees	Renewal fees	Total renewal fees
NO	100000.00	100000.00	0.00	200000.00
Comments	As advised by the authorities

   

REQUIRED DOCUMENTS
Document Name	Comment
Certificate of Tax Registration ID
Technical Report
Application Form
Location Map of the Enterprise
Certificate for Enterprise Registration of Company Limited
Copy of ID card or Family book of Managing Director	or passport
Power of Attorney (in case the applicant appoints the attorney to proceed with the application)

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed
2017
2016	3	0
2018	0	0
2019	7	3