Digital assets are deemed ‘money or monies worth’ and as such the licensing process is much the same as any other traditional license; we discuss the business model and agree document drafting parameters at the earliest possible opportunity, so we can move forward with drafting and collating the suite of documents that make up the license application and troubleshoot any potential pitfalls. Based on the discussions we start the process of drafting a neatly knitted suite of documents that form the basis of the application.
From the date we commence work, we would schedule having a suite of documents ready and submitted within four weeks. At the point of submission, the Government application is payable. The government annual license fee is payable following license approval.