Are there any penalties, fines or sanctions that can be imposed on operators or directors/officers of operators acting without having obtained any necessary authorisations or approvals?
If the established legal entity intends to provide services, which are subject to licensing, without acquiring the applicable license, then the following economic, administrative and criminal sanctions may apply with respect to the legal entity and its officials:
- under article 117 of the Tax Code – sanction may be imposed upon such a legal entity in the form of a penalty fee in the amount equivalent to the profits made from engaging in the activities, which are subject to licensing, but for which the applicable license has not been obta...