It is commonly considered that by buying an existing AFS license, a businessperson can pretty easily and quickly rush into the sector of finances. Whilst this concept does have some merit, there are many risks and obligations many prospective purchasers may not be aware of. As well, the legit and regulative obligations for applying for a new AFS license are quite difficult and require a good eye for detail. The following is an overview of the issues related to buying an AFS license and getting a new one.
AFS license authorizations
Due diligence or risk management
Responsible manager (RM)
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The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.