Each Vanuatu-based business conducting trading of one nation’s currency for another – (FX) must pass an authorization process with the Cοmmission for Fin. Services (VFSC). For traders and FX dealerships to become qualified holders and acquire a Forex license in Vanuatu, it is mandatory to provide an appeal, prepare a complete pack of documents, set up a bank account and arrange an office.
Generally, getting licensed in the Republic of Vanuatu can be daunting due to the certain extent of paperwork and red tape and can turn into failure due to the nonsufficient understanding of the state legislative regulations.
Eternity Law International offers getting licensed via the Internet meaning you are not obliged to leave your country of residence. The appeal can be submitted on our website, and residents of any country can send an enquiry for the certificate. If it is made by an individual, not a legal entity, our lawyers provide full specter of services for the business establishment. Also you may consider FX license in Vanuatu for sale.
FX license: the main pros
The legal permit for broker and trader activities propeses the opportunity to execute the whole range of operations with financial assets in the local marketplace. These permitted financial assets include various options, among them securities, shares and miscellaneous.
The Republic of Vanuatu is featured by stable and business-friendly climate. Even in the case your organization is formed in bank or insurance sectors, the license can be beneficial in the future when you might consider expanding your firm.
Vanuatu FX license is accessible for nonresident organizations. This authorization assists to legally bypass the limitations in trading prescribed in the current obligations and regulations of own state.
The sum of minimum level of the contributed capital varies from 2000 USD meaning the funds that each businessperson possesses at the time of applying. Also, this investment is not congealed on the account, and can be utilized as initial capital for constructing a business.
Typically, getting licensed is done in three months. This time covers preparation, provision, and procession of provided documentation. If an applicant has an intention to set up a company with permits to run some extra services, the period may be more time-cοnsuming.
How to obtain a FX license
Lawyers of Eternity Law International offer consultation for clients in the respect of the aspects of authorizing for brokerage activities. An applicant will have to complete the applicatiοn form for receiving a license, pay the fees, and provide the power of attorney to one of our lawyers who will prepare and check all the necessary details and communicate with the regulator.
Please contact us to get more information.
You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.