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Do we have to hire an accounting firm in the license holder’s country?

The question in full

An accounting firm for license sponsorship is generally not required in the license holder’s country. However, if you incorporate a company in the EEA, you may need accounting support for your own operations. Sponsorship arrangements typically do not require external accounting firms.

Answer

For sponsorship? it depends, why you would need an accounting firm. Typically you would incorporate a new company within the European Economic Area (EEA) and you would need an accounting firm for your own company’s activities. For purposes of sponsorship, you do not need an accounting firm in the license holder’s country.

Do we have to hire an accounting firm in the license holder’s country?

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