RSM E-Money License in Australia
An RSM (Remittance Service Provider) license in Australia is required for businesses engaged in money transfers and currency exchange. Such businesses must comply with the requirements of AUSTRAC (the Australian Transaction Reports and Analysis Centre), which regulates the financial services sector in the country.
Companies involved in currency exchange may not need an AFS (Australian Financial Services) license if their transactions are conducted instantly. However, if exchange operations are carried out through complex schemes, a license may be required. If a business deals with the exchange of digital currencies for fiat and vice versa, it must obtain a Digital Currency Exchange (DCE) license.
Types of Money Transfer Service Providers
Independent Provider – Conducts money transfers using its own systems.
Network Provider – Manages a network of affiliated companies and submits information about them to AUSTRAC.
Affiliated Network Participant – Operates within a network under the registration of a network provider.
Timeframes for Obtaining a License
Company registration and obtaining a business number – 2 weeks (if the second director is a foreigner, an additional 3-4 weeks will be required to obtain a Director ID). Opening a bank account – 2-4 weeks. Registration with AUSTRAC – 3-4 months (AUSTRAC processes applications within 90 days but may request additional information, which could extend the timeframe).
Requirements for the Company and Applicant
- At least one local director (can be the sole director).
- Opening a bank account (minimum capital – 1 AUD, recommended 1,000 AUD).
- A physical company address in Australia (cannot be a P.O. box).
- Financial statements for the last year (if the company has been operating for more than a year).
- A contract or power of attorney between the agent and the company.
- A business plan, including details on partnerships and overseas registrations.
- A complete set of KYC documents.
Obtaining an RSM license in Australia is a complex process that requires strict compliance with regulatory requirements. A business must not only register a company and prepare the necessary documents but also fulfill ongoing reporting obligations to AUSTRAC.
For a fast license application process, we recommend contacting the specialists at IT-OFFSHORE.
Ready-made companies with bank accounts
Buy an offshore company in 2026 – ready-made companies with an account: Hong Kong, EU, USA
Companies with licenses
Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.
Banks
Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.
Fund Registration for Asset Management
Investment fund is a modern investment tool designed for all types of assets. The purpose — managing of assets as well as solving number of tasks in a way that works best for individuals. There is no open subscription, meaning that a private investment fund has a closed structure. This is the most optimal solution for distributing capital through broad instruments.
Investment Fund Registration in the Czech Republic
Register a Charitable Foundation in Poland
Investment Fund Registration in Switzerland
Investment Fund Registration in Estonia
SPF Fund Registration in Luxembourg
Register a Crypto Fund in Panama
Register a Discretionary Family Fund in Liechtenstein
Register a Crypto Fund in the Cayman Islands
Companies with SEMI License for Sale
When conducting business related to foreign exchange transactions, electronic money and cryptocurrencies, it may be necessary to open a financial company with a SEMI license. This type of license covers the production of debit cards and cryptocurrencies, the acceptance and sending of payments, the execution of transfers from third parties, and the opening of merchant accounts.
Crypto Offshore Company Registration
When working with cryptocurrency it is important to choose the right country, where it is most profitable to open a company. Each country has a different attitude towards this type of currency. A country that has a loyal or positive attitude towards cryptocurrency can be called a crypto-offshore.
