Licensing — Corporate and Regulatory Overview
1. Definition and Purpose Licensing is the formal authorization granted by a competent regulatory authority permitting an entity to conduct specific business activities within a defined jurisdiction. It establishes the legal standing of the business and sets the regulatory perimeter within which it must operate. From a governance standpoint, licensing is the foundational compliance requirement for lawful operations. 2. Strategic Objectives of Licensing Licensing frameworks are designed to: Regulate and monitor commercial activities Protect consumers, counterparties, and the financial system Enforce sector-specific standards and controls Enable regulatory oversight and accountability Prevent unauthorized or high-risk business conduct 3. Key Components of a Business License A standard license typically defines: Permitted activities (scope and limitations) Legal form of the entity (LLC, FZ entity, branch, etc.) Jurisdiction and address of operations S...