Forex Broker Licence in Vanuatu

Vanuatu Forex License

Forex licensing requires the applicant to comply with certain requirements and conditions and submit a set of documents. Business owners choose Vanuatu for obtaining such a license as the Financial Services Commission (VFSC) has established the most favorable conditions for licensing companies in this jurisdiction. The regulatory authority may grant a license of one of three classes, each of which provides business owners with certain privileges and advantages.

A Vanuatu Forex license can fall into one of the following categories:

A — access to certificates of deposit, bonds, loans, and debt stocks
B — authorization to deal with options and futures, including futures contracts
C — opportunity to work with precious metals, commodities, shares, as well as contracts providing the possibility to purchase securities.

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Steps

Company registration in Vanuatu

It is necessary to register a local and an international companies in Vanuatu, for which a license will subsequently be issued. You should select the name of the company, indicate the participants and provide their documents in order to register a company.

Account opening

The company needs to open a bank account in order to deposit the share capital. Opening an account is a complex process that should be entrusted to professionals. In order to open an account, you should to collect a package of documents and competently conduct further negotiations.

Contribution of authorized capital

The exact amount of authorized capital depends on the type of the license. The beneficiary must provide documents on the source of origin of funds contributed as authorized capital upon bank's request.

Hiring required employees

The company must have key positions employees, some of them must be local. We will help with the search and selection of employees. Also, we can help with a residence permit obtaining obtaining for non-resident director.

Office rent

One of the mandatory requirements is office rent. We will select a budget option that meets the requirements.

Preparation of documents for applying for a license

It is necessary to prepare a business plan, and policies. In addition, application forms must be filled out. The client will only need to provide a basic information, on the basis of which we will prepare documents, taking into account local legislation.

Filing an application

It is necessary to submit an application to the regulator after preparing the company and documents. After submitting an application, you must be ready to answer additional questions from the regulator. We will take care of timely and competent answers.

Obtaining a license

The company receives a license after successfully passing the previous stages. At the same time, it must begin work within six months from the date of receipt of the license. Otherwise, the license may be cancelled.

Countries are nearby

Cyprus forex license

If a Forex broker is planning to expand activities in the European Union, Cyprus is usually chosen for this purpose. It is one of the most suitable jurisdictions because it is possible to obtain the Cyprus Securities and Exchange Commission (CySEC) license there. It allows brokers to legally operate, take customer deposits, and perform other legal actions in the territory of any EU member state.

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Forex Broker Licence in Malta

The proof of the legality of the brokerage firm engaged in securities transactions on behalf and/or at the expense of the client is the license. Investors and traders give preference to licensed financial intermediaries as they realize that there is no sense to count on any legal recourse if a conflict of interest situation arises with an illegitimate broker.

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Forex Broker Licence in Mauritius

If you decide to do business in the financial or capital markets, you must have a license to operate even in offshore jurisdictions. Companies registered in Mauritius can apply for a license that allows them to operate legally with options, securities, and futures. It is also the document that authorizes companies to trade in foreign exchange markets.

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Frequently Asked Questions:

In order to obtain a forex license in Vanuatu, you need to register a company, rent an office, prepare policies, technical documentation and other documents. After opening an account and depositing the authorized capital it is necessary to submit an application to the regulator. After obtaining a license it is necessary to show the activity of the company in order to avoid its cancellation.

In order to obtain Vanuatu Forex license, the following documents are required: statutory documents of the company, business plan, AML policy, rules for using the resource, confirmation of the identity and experience of company members, technical documentation.

Obtaining a forex license in Vanuatu may take about six months. The time of obtaining is affected by the speed of preparation of documents and consideration of the application by the regulator.

The final cost of obtaining an investment license in Vanuatu is influenced by various factors (the exact list of future services, the region of work, etc.). You can find out the exact cost of obtaining an investment license in Vanuatu by contacting our specialists.