Application review procedure:
1. Registration of the application:
The SEC registers the application in the application registration log;
2. Document verification:
The SEC verifies the completeness of the package of submitted documents. The SEC returns the Application without consideration on the day of its submission, in case the submitted documents do not comply with the established list. The return of the Application does not deprive the potential investor of the right to apply to the SEC again after the deficiencies have been eliminated.;
3. Review of documents:
Consideration of the Applicant’s documents on the investment project is carried out by conducting legal and economic analysis by the structural divisions of the SEC;
4. Development of FEO:
If necessary, the SEC’s structural unit develops an investment proposal and a financial and economic justification (FEO) for the project, with appropriate opinions from government agencies.;
5. Consideration by the SEC Board:
After receiving the above conclusions, the SEC’s branch structural unit submits the issue to the Board and the SEC’s authorized body for consideration. The total period of consideration of Applications from the date of registration in the registration journal should not exceed 90 (ninety) calendar days.;
6. Conclusion of the agreement:
After a positive decision of the Management Board and the Board of Directors of the SEC, a corresponding agreement is concluded with the Applicant.
