A full range of legal services and support for businesses of any size
We open, maintain, optimize taxes, prepare contracts and agreements, accompany transactions of any complexity and obtain licenses
Ready-to-sell companies with a full set of documents
We will help you buy a ready-made company, with a set of documents, open accounts and licenses
A comprehensive solution for getting crypto licenses
We obtain licenses for cryptocurrency exchange, crypto wallets, crypto processing, management of crypto assets and crypto funds
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Cases
Organization of a recording studio in the UAE
Task
Operate the recording studio MBP STUDIO LLC (instagram.com/mbpodcast_studio) from a legal point of view and ensure the protection of investors for the participation and division of the studio’s profits. Regulate the distribution of assets and the role of the project’s principals before and after launch.
Solution
A set of agreements has been drawn up, namely an investment partnership agreement and a corporate agreement between the participants. The work of the studio has been established and there is a clear distribution of income for the future. Instructions and recommendations were also given on the work of the studio in accordance with the laws of the UAE and international legislation in terms of advertising and attracting clients from all over the world.
Diana Gulevskaya
Diana Gulevskaya
13.03.2024
Opening an IT Company and Corporate Account
Task
We need a company for software development and sales. The projected annual profit is from $500,000 USD. We require a local bank account, the ability to accept payments from users worldwide, and maximum tax optimization.
Solution
The company is registered as an FZCo type in the Freezone IFZA within Dubai, UAE. The location was chosen for the founder's logistical convenience. A license for Computer Systems & Communication Equipment Software Design has been obtained. Two local bank accounts were opened within 1.5 months. A UAE residence visa (VNR) for the founder has been obtained. Execution Time: 2.5 months.
Lidia Ivanova
Lidia Ivanova
30.07.2023
Crypto Asset Management
Task
A company is needed to manage cryptocurrency in clients' accounts and accept payments from users worldwide in cryptocurrency for management on its own account.
Solution
The company is registered in Estonia, and it has obtained a crypto asset management license from the financial regulator. The process took 3 months. AML and KYC policies were developed for operations, a local office was selected, and an AML officer was hired.
Diana Gulevskaya
Diana Gulevskaya
Publications
29.01.2025, 12:51
How a blogger can enter the international market: legal instructions for beginners
Many successful bloggers strive to go international to expand their audience, increase their income, and strengthen their influence. However, to ensure that your internationalization is not only successful but also safe, it is important to prepare for the legal aspects of this process. In this article, the Antwort Law team shares detailed instructions for bloggers who want to conquer the international market.
27.01.2025, 12:12
Renting an office in the UAE – features, restrictions, how to pay?
Many companies decide to rent an office in the UAE. This may be required by the business itself (warehouse, production, staff accommodation), for others it is a way to meet licensing requirements or improve their reputation. The variety of such reasons can only be compared with the number of features that office rental in the UAE has.
22.01.2025, 11:18
Changes in the list of low-tax jurisdictions: what awaits business in 2025?
The New Year brings important innovations to Ukrainian business that will affect cooperation with international partners. The government has updated the list of low-tax jurisdictions, excluding several key countries from it, such as the United Arab Emirates, Hong Kong and Cyprus. But does this mean that the rules are immediately simplified?
20.01.2025, 10:48
The importance of a local office and employees for international companies
In today’s world, international business faces many challenges, especially when it comes to interacting with local regulators, partners, or customers. One of the most important aspects of running a successful business is having a local office and staff. This article will explain why this is so important.
16.01.2025, 13:10
Legalization of crypto-income: how to turn virtual assets into real investments
Crypto-income have opened up new horizons for investors, providing opportunities for high-yield investments and global asset diversification. However, with the growth of cryptocurrency income, investors are faced with the question: how to legalize crypto income and turn it into real assets, such as real estate? How to confirm the origin of crypto income, avoid tax traps and draw up an agreement that will protect your capital? The answer is far from obvious, because crypto income cannot be easily legalized everywhere. The legal and tax aspects of such transactions require a professional approach, and in this article, the Antwort Law team will tell you why it is important to work with lawyers and how to avoid tax and legal risks.
13.01.2025, 12:04
Logistics company in the UAE: what are the benefits and features of opening
Antwort Law, an international law firm, has been helping entrepreneurs from all over the world resolve legal, tax and banking issues for over 8 years. We are ready to provide you with comprehensive support in opening a logistics company in the United Arab Emirates (UAE), given its advantages as one of the most promising jurisdictions for business.
08.01.2025, 11:59
The Annual Address of Antwort Law to Our Clients and Partners for the New Year 2025
Recently, I’ve been seeing texts written by ChatGPT (or perhaps other AIs) all over the internet and social media. But this text is definitely not one of them. My name is Vladislav Makarenko, I am the Managing Partner of our law firm, and I can proudly state—this message was written by people, for people. That’s exactly how we work!
27.12.2024, 10:12
How do Antwort Law consultations work
In this article, we will tell you how our most popular service, legal advice, works. You will learn about the content, duration, format of interaction, cost and expected results. The final cost and format depend on the individual characteristics of your case, which we can determine after a short initial consultation. This allows us to take into account the unique details of each request and offer the most effective solutions.
25.12.2024, 10:11
Merry Christmas and Happy New Year from the Antwort Law Team!
As we approach the warmest and most magical time of the year, we would like to sincerely wish you a Merry Christmas and a Happy New Year! May these holidays fill your homes with comfort, joy, and cherished moments with your loved ones.
23.12.2024, 11:23
Top 3 loyal internet banks for business abroad
Choosing the right online bank can play a key role in the success of your international project. International law firm Antwort Law with many years of experience in international law helps entrepreneurs choose financial solutions that best meet their goals and objectives.
Contact us and we will help!
Feel free to call, ask a question or leave a comment, because the introductory consultation is free!
FAQ
Do I need a financial institution license?
There is a wide variety of financial companies involved in regulated activities. Most of them require an appropriate license.
How long does it take to open a corporate account abroad?
Opening a foreign corporate account takes from 2 weeks to 3 months. This is due to the requirements of financial regulators for banks and payment systems to conduct thorough and multi-stage checks of their clients. The final account opening time depends on various factors, such as the country, the type of business, the choice of the bank, the nationality of the founder and director, public information about them and the company, the availability of a complete set of documents, and other factors.
Why does the bank refuse to open an account?
The reasons can be diverse, but the four most common ones are: 1. Errors in document preparation. 2. Incomplete data, brief and unconvincing answers, lack of logic and structure in responses, and the absence of a well-thought-out company history. 3. The nationality of the founders and/or directors. 4. The company's activities or insufficient turnover. For example, it can be challenging for cryptocurrency companies to open an account due to the nature of their business, and many banks evaluate the potential turnover of the company during the selection process.
What to do if the bank requests a source of funds?
Provide documents that confirm the source of funds with which you will be depositing money into your account and conducting business. The most reliable sources are those that are officially documented and have had taxes paid on them. If you received funds from the sale of cryptocurrencies, which are not regulated at the legislative level in many countries, provide a statement from the exchange. In some cases, you may also need a lawyer's opinion or a certificate from government organizations.
Can a loan agreement be used as proof of the source of funds?
We do not recommend using loan agreements as proof of the source of funds. The common practice is that most banks do not accept such documents as adequate justification for the source of funds or they may ask numerous additional questions that would require gathering even more information. For example, documents about the lender, confirmation of their source of funds, as well as how and when you intend to repay this loan.
In what cases do banks request proof of the source of funds?
The source of funds is one of the most common requests from a bank, and the response to this request influences the decision to open an account and its subsequent operation. Typically, banks make this request in two scenarios. Firstly, when opening an account: the bank wants to know the sources from which you intend to make your initial deposit. Secondly, in the case of significant transfers between personal and corporate accounts: even if it's your company, you will need to specify the source of funds in your personal account.
Is it normal for a bank to send questions about your payments?
Yes, don't worry, this is a common practice for banks. They have the right to request any information regarding your payments. We recommend responding to all questions as accurately and promptly as possible.
How detailed should the responses to bank inquiries be?
It's best to respond directly to the specific question asked, without delving into unrelated areas. This way, you won't provide unnecessary information or arouse additional interest, while still addressing the banker's inquiry.
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