Supplementation of business activities and investment objective is considered as expansion of investment project. According to our practical experience, in case the Foreign Owned Company would like to expand scope of business activities, particularly, the approval shall very much depend on following factors:
- Audited Income Statement of the Client in the most recent year (2015) must be positive. In some cases, in order to assess feasibility of expansion of investment project, the Licensing Authority requests the Client to explain more about business result within early six months of 2016.
- Client finalized all tax obligations within recent 02 fiscal years;
- We do not exclude possibility that the Licensing Authority may request the Client to increase investment capital for business activities expansion. However, according to our practical experience, in this case, such possibility is not high.
