من البداية إلى النهاية6–12شهراً
Activity mapping, regulator selection, group and holding structure.
لم يُتحقق منه بعد
Trade name, initial approval, lease, corporate documents.
لم يُتحقق منه بعد
Permission to incorporate and build. Not permission to operate.
لم يُتحقق منه بعد
Rulebook-mapped policies, custody and key management, technology audits.
لم يُتحقق منه بعد
Entity and officer registration, sanctions screening, reporting workflow.
لم يُتحقق منه بعد
Frequently the longest single dependency, and outside the regulator control.
لم يُتحقق منه بعد
Operational permission granted.
لم يُتحقق منه بعد
Reporting, audits, filings, variation of permission.
لم يُتحقق منه بعد
Two stages: Initial Approval lets the entity incorporate; the VASP Licence lets it operate. Quotes of 30 to 90 days describe entity setup, not the licence.