Forex license in Vanuatu
Vanuatu is an island nation located in the Pacific Ocean. The country boasts a stable political situation and an open economy welcoming foreign investments. Vanuatu's jurisdiction provides the opportunity to obtain a license for forex activities.
Security License in Vanuatu:
Licensing and regulation of forex brokers in Vanuatu are overseen by the Vanuatu Financial Services Commission (VFSC). The Security License for Dealers in Securities in Vanuatu grants the authority to engage in various financial operations. This license provides companies or individuals with the following rights:
Forex Trading: Holders of the Security License have the right to conduct trading in the foreign exchange market, commonly known as the Forex market.
Buying/Selling Securities: The license allows for operations involving various types of securities, such as stocks, bonds, options, and other financial instruments.
Investment Portfolio Management: License holders are authorized to manage investment portfolios on behalf of their customers, providing professional asset management and investment services.
Key Requirements for Obtaining a Forex License:
The procedure for obtaining a Forex license may involve providing various documents and information to confirm the financial stability, management skills, experience, and professional competence of your company. Prior to applying, it is necessary to prepare the required documentation and register the company in Vanuatu.
Typically, the regulator requests to provide:
- A non-refundable deposit of 43,500 EUR.
- A certified copy of the passport.
- A utility bill.
- A business plan.
- An AML/CTF Manual (Anti-Money Laundering/Counter-Terrorism Financing Manual).
- An application for licensing for individuals applying for management positions in the company.
The registration period for a company with a forex license in Vanuatu typically takes two months.
It is crucial to understand that obtaining a license and operating in the financial sector involves complex and responsible processes. If you are interested in obtaining a Forex license in Vanuatu, please contact IT-OFFSHORE specialists.