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If your business is involved in the financial services and markets in the UK you most likely need to obtain an authorisation from the FSA. The majority of financial sectors and services are regulated and you cannot start trading unless you have obtained the appropriate licences first. If you started trading without them there you would be risking the danger of civil or in some cases criminal prosecution. For a comprehensive list on regulated activities please go to the following FSA link. Note that you may even need to be licensed if you are selling these services as an additional service such as extended product warranty insurance etc. The FSA is the government body which regulates the financial services industry. If you think your business will require licensing contact us and we can help. St Matthew eAccounting helps clients on a regular basis with getting authorisation in the UK and also elsewhere if of advantage. For instance, transport licences are a lot less expensive in Cyprus and this may therefore be an option you want to explore with us. Furthermore, we advise you on other business activities that need licensing and how to obtain these. Further Acitivities that require licensing
Business activities requiring licensing are increasing. Some of the most obvious are these: - Gambling – If you want to run a gambling website for example you need to be licensed.
- Flight tickets – If your business is selling flight tickets you may need to get an ATOL licence to protect your customers in accordance with IATA requirements
- Transport – If you are offering courier services you need to get a EU transport licence for your fleet
- Medication - If you sell medication or even have an online pharmacy, you need authorisation
These are just a few examples to better illustrate the issues surrounding authorisation and licensing. We will discuss your specific reuirements in an initial consultation. Interested? Get started now with an initial consultation!
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