The island nation of Vanuatu is a well-established finance centre located in the South Pacific Ocean. This tropical paradise situated in the Pacific Ocean has become a popular jurisdiction for many Forex brokers looking for regulation.
Besides the capital requirements there are a few additional expenses related to the regulation process, like the incorporation and administration of a Vanuatu financial company, application fee for trading in financial and commodity-based derivative instruments and other securities from VFSC, including VFSC regulatory, governmental fees, legal fees, etc. however all these expenses are lower in comparison with other regulating jurisdictions.
In order to protect the interests of investors Vanuatu’s Government has recently promulgated a new legislations, the Prevention of Fraud Regulations.
In addition to the above, other important aspects that have led to an increase in popularity for Vanuatu licenses are:
The minimum capital required is 50000 US Dollars.
the company is exempt for 20 years from tax on profits, capital gains, distributions and stamp duty after company formation
In order to obtain a Security License which is granted by the Vanuatu Financial Services Commission the applications have to be accompanied by the following documents:
A notarized copy of the passport of the shareholder(s) and director(s) (Should be notarized in English)
Proof of address in the form of a utility bill issued within the last three months (Should be notarized in English)
Bank reference letter for the Director and all Shareholders
Lawyer’s reference letter for the parties involved
A copy of Educational degree certificate (translated into English)
ACurriculum Vitae of the Director and all Shareholders
Police Clearance and notarizedtranslation where necessary; and
A draft of the business plan.
A Forex Brokerage License will allow you to buy, sell and trade securities such as shares, bonds, options etc. and manage a portfolio of investments on behalf of your customers.
Applying for a principal’s license is a straightforward process and it takes just 3 to 5 weeks to process representing the fastest available Forex/Binary Options existing regulation
Vanuatu is the ideal destination to start a registered forex business and our team of consultants can guide you through each step of the licensing process while you focus on your business.