1) Articles of Incorporation and by-laws. 2) Rent an office space. 3) Hire at least 4 employees. 4) Authorized capital $5,000,000. Start at capital at least $1,500,000. 5) $300,000 financial guarantees acceptable to OCFI. 6) Application to the OCFI for a permit to organize an IFE. 7) $5,000 non-refundable fee and same annual fee if approved. 8) Personal statements for 10% or more shareholders. 9) Comply with US Bank Secrecy Act, US Patriot Act and Office of Foreign Asset Control (OFAC). 10) After these requirements are completed, the Tax Grant will be authorized for 3 consecutive 15-year period for a total of 45 years.