An excellent option for those who want to expand or start their own business in the Asia-Pacific region in a brokerage or foreign exchange direction, since the Labuan jurisdiction offers remarkably preferential tax regime for such activities. New rules for conducting brokerage business have been in force in Labuan since the beginning of 2018.
The principle of the money brokerage business is that money transfers are made between clients and sellers with the help of intermediaries (brokers) who earn their interest on fees and commissions. This license does not permit the purchase or sale of Malaysian ringgit and foreign currency by a broker as principal.
The first payment must be made after the approval of the license, it will be valid until December 31, and then every year you must pay no later than January 15 of each year.
Eternity Law International will provide you with expert advice on obtaining a forex broker license in a suitable jurisdiction. If you have any questions or need advice on obtaining a forex broker license, call us at the phones indicated on the site, or write to CRM form, our specialists will answer you online.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.