Example of a detailed project plan

Example of a detailed project plan

NoActionTimeline
1.Our Client settles an initial installment of €2,000 and i) emails most of the requested due diligence and ii) signs Healy Consultants engagement letter; and emailed a scan of the signed copy to Petar (click link). Over the coming weeks, Petar will ask our Client to dispatch a complete courier to Healy Consultants Group PLC office;22 Nov
2.Our Client confirms by email the planned corporate structure for the Bulgarian LLC, together with the company business name. Our Client considers registering a trademark to protect company name and brand;29 Nov
3.In your preferred language, our Client communicates with Healy Consultants engagement project manner via cell phone, sms, WhatsApp, Viber etc;
4.Healy Consultants prepares draft power of attorney and a draft of specimen signature for our Client’s signature29 Nov
5.Our Client settles the next instalment of Healy Consultants Group PLC fees; €4,655. Only then can Petar advance company registration and corporate bank account opening;30 Nov
6.Petar prepares a quality complete detailed business plan to assist with corporate bank account opening. The more we include into this business plan, the greater the probability of timely successful corporate bank account approval;2 Dec
7.Petar approaches multiple Bulgarian banks including TDI bank and Fibank; to secure in writing their interest in welcoming a corporate bank account opening application from our Client. Petar prepares a detailed comparison table re Bulgarian Bitcoin multi-currency corporate bank account opening options;

Consequently, you should expect i) multiple banks to decline boarding your bank as a customer and ii) additional, non-standard, requests for additional due diligence documents from the banks’ legal and compliance departments including a) sales contracts b) lease agreement c) AML/CFT manual d) reference letters from lawyers and licensing authorities;

05 Dec
8.Our Client confirms POA draft for preparation by Healy Consultants. Then Healy Consultants proceeds to reserve a new company name with the local Bulgaria Trade Register via D1 Form. This name reservation process takes up to 5 days to complete.30 Dec
9.Our Client prints and signs approved POA and Signature verification form and proceeds to certify the same in the Bulgarian Consulate in St. Petersburg, together with his passport. Our Client couriers the PoA to our preferred address in Bulgaria for additional verification.05 Dec
10.The business name is approved by the local Bulgaria Trade Register. Healy Consultants begins preparation of new articles of association.08 Dec
11.From our detailed comparison table, our Client chooses their preferred multi-currency corporate bank account option. Petar prepares and emails our Client draft corporate bank account opening forms;09 Dec
12.Healy Consultants submits a quality draft corporate bank account opening application to our preferred officer in the bank Front office. The application comprises of i) draft corporate bank account forms ii) business plan and iii) Client detailed due diligence;11 Dec
13.Our Client settles the next instalment of Healy Consultants Group PLC fees; €2,000. Only then can Petar advance drafting our Client’s AML and KYC compliance policy;12 Dec
14.Depending on the nature of our Client business and nationality, there is a 25% probability the bank relationship officer will ask the bank signatory to travel to a bank branch in our Client country of residence; to witness their signatory on bank forms. In the unfortunate event this occurs; Healy Consultants will skillfully negotiate a travel exemption. The ultimate decision rest with the bank’s in-house Legal and Compliance Department;15 Dec
15.Following completion of the above, Healy Consultants receives a courier from our Client including i) a certified color passport copy and ii) a set of PoA and signature verification forms, signed and certified iii) color copies of all due diligence documents iv) signed company registration forms and v) signed corporate bank account opening forms. Only then can Healy Consultants Group PLC submits a quality complete company incorporation application;20 Dec
16.Healy Consultants submits a quality complete company registration application to the Bulgaria Trade Register, together with i) proof of paid up share capital deposit ii) template M&AA iii) attested PoA and iv) attested signature specimen document.27 Dec
17.There is an 25% probability the Bulgaria Trade Register reverts for additional information and due diligence requirements, causing an engagement completion delay;02 Jan
18.All going well, our Client Bulgarian company is successfully registered as a legal entity. Petar emails our Client a certificate of incorporation;07 Jan
19.Petar emails our Client a first draft of AML and KYC compliance policy including i) legal framework considerations; ii) KYC set of requirements and iii) employees reporting standards;10 Jan
20.Our Client settles our last instalment of €2,000. Only then can Healy Consultants submit quality complete corporate bank account opening application12 Jan
21.Our Client prints and signs approves a POA for banking representation and proceeds to certify the same in the Bulgarian Consulate in St. Petersburg, together with his passport. Our Client proceeds to courier the PoA to our preferred address in Bulgaria for additional verification.15 Jan
22.Depending on the nature of our Client business and nationality, there is a 25% probability the bank officer will request the bank signatory to travel to Bulgaria for a one hour interview. In the unfortunate event this occurs; Healy Consultants will skillfully negotiate a travel exemption. The ultimate decision rest with the bank’s in-house Legal and Compliance Department;18 Jan
23.Healy Consultants submits a corporation tax registration form to the National Revenue Agency (click link), together with i) certificate of incorporation and ii) capital account banking details;20 Jan
24.The bank in-house Legal and Compliance Department reverts for more information. There’s a 50% probability the bank’s risk department will request additional due diligence from our Client’s business including i) financial license; ii) proof of business in Bulgaria and iii) AML/CFT policy document. We assume our Client provides most of this information within one week

Global and Bulgarian banks continue to tighten corporate bank account opening procedures, their internal compliance departments completing more thorough due diligence of Clients. Because i) our Client will be offering unregulated cryptocurrency services and ii) the main purpose of the account is to operate international Healy Consultants unfortunately expects the banks will classify your Bulgarian company as a high-risk customer.

22 Jan
25.The bank officer may request to convene a video conference interview, during Bulgaria business hours. After that the application will be processed by compliance department.30 Jan
26.Depending on the nature of our Client business and nationality, there is a 25% probability the bank in-house Legal and Compliance Department will reject your corporate bank account application. In the unfortunate event this occurs, Healy Consultants Group PLC will immediately discuss alternative corporate bank account solutions (click link);
27.All going well and following corporate bank account approval, Healy Consultants emails corporate bank account numbers to our Client.14 Feb
28.Our Client settles our last instalment of €655. We then assist our Client to activate internet banking facilities;17 Feb
29.Healy Consultants provides our Client a tax registration number;20 Feb
30.To comply with local commercial law, Petar emails our Client an example of how your Bulgarian company sales invoice will look like; comprising i) company registration number ii) tax number iii) city center business address and iv) corporate bank account numbers;22 Feb
31.Healy Consultants Group PLC office receives a courier from the bank comprising e-banking tokens, usernames and passwords. Usually, the latter have a 1 week expiry date. Consequently, the majority of our Clients' ask Healy Consultants to timely complete activation of internet banking.25 Feb
32.Healy Consultants Group PLC dispatches a courier to our Client preferred address, comprising i) original company documents and ii) e-banking tokens, usernames and passwords;27 Feb
33.Our Client receives the package and logs into e-banking platform, changes usernames and passwords. The multi-currency corporate bank account is now ready to receive incoming funds transfers and make third party payments;10 Mar
34.Healy Consultants successfully completes the engagement.11 Mar
35.Our Client provides Aidan Healy online feedback (click link)

12 Mar
36.Our Client considers putting a testimonial on our web site (click link)15 Mar