We have a team specialising in FBL work. Even though the application for FBL is viewed by businessmen to be a straight forward work, it is not the case. The application for FBL is a time consuming process (4 -7 months) and deals with lots of supporting documents, officer’s discretion and unexpected questions and requests from the officers of the Ministry of Commerce.
The normal fee for assisting clients in handling the FBL work (for one or two types of service businesses) is in the region of US$ 16,000 – 18,000. The scope of service businesses to be carried out by PJT (guarantee, mortgage, pledge, assignment of rights etc.) in this transaction is broader than normal scope of FBL that we experienced (usually guarantee). We are happy to offer a cap at US$ 18,000 to Iris Corporation.
Please feel free to give me a call if you need to discuss.