Launching a pawnshop turnkey

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Now is a favorable time to open a pawnshop in Ukraine. Since the financial situation of Ukrainians is difficult, the pawnshop will be a "lifeline" for many of them in the crisis. In the pledge can be deposited not only jewelry and equipment, but even cars and expensive clothes. This is actively used by those who urgently need a large amount of money.

You can order the service of launching a pawnshop on a turnkey basis in the legal company "Legal Solutions", which employs experienced specialists in the field of corporate law and investment. We will provide you with professional support at all stages of opening and further operation of the pawnshop. It is important to think over the financial model and structure of the biza, pay special attention to the marketing strategy. Even such details as website development and website promotion are of great importance, as we live in the digital age. And you have only a few minutes for a potential customer to make a decision to turn exactly to your pawnshop. And the competition in this segment is very great. Especially since the popularity of pawnshops is also growing because of the curtailment of bank lending.Banks are constantly making requirements for borrowers are more and more stringent, fearing the risk of non-repayment of loans. Yes, and interest rates can be frightening, which makes potential borrowers look for other ways.

Licensing of pawnshops

Pawnshop is a financial organization with mandatory registration and obtaining a certificate, which can act exclusively as a full company.

A full company is a company, all participants of which are engaged in common business activities and are jointly and severally liable for the obligations of the company with all their property. A full company is established and operates on the basis of the memorandum of association and does not require a charter.

Founders of a full company can be legal entities, SPD, FLP.

The memorandum of association of a full company should contain information on the size of shares of each participant, the procedure for making contributions, the form of participation in the affairs of the company.

License from 2017 is mandatory for each financial service. And to provide a pawnshop can only provide those services that are included in the statutory documents. Related services can also be provided:

• valuation of pledged property;
• mediation;
• realization of pledged property.

How to open a pawnshop in Ukraine? Where to start?

To open a pawnshop you need:

• premises with a total area of not less than 5 m2;
• accounting and reporting system;
• availability of computer equipment and licensed software:
• absence of losses according to the last annual financial report on financial results;
• absence of violations of current legislation in the field of regulation of financial services markets during the year that precedes the legal entity - applicant to the National Committee for Financial Services.

In what terms will be opened pawnshop, depends on the timing of the formation of the authorized capital. Note that the law prohibits the formation of the authorized capital of the pawnshop property.

Until the pawnshop has received a license, it is impossible to register its branches. There is a certain procedure for opening a pawnshop which must not be violated.

Discuss opening a pawnshop, the cost and nuances of the startup with a corporate law attorney.

With "Legal Solutions" you will open a pawnshop much easier than on your own! With our lawyers you will conclude a contract. We act promptly, but only within the law. We offer you a loyal pricing policy and support at all stages of opening and operation of the pawnshop, including additional services: assistance with the premises and search for staff and investors. Call and write to us, we will give comprehensive answers to all your questions concerning the opening of a pawnshop in Ukraine:

• by phone;
• by e-mail;
• via online chat.

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