Why Vanuatu Foreign Exchange business License

Some key characteristics of the Vanuatu Foreign exchange Business License include but are not limited to the very low costs compared to most regulated jurisdictions, the recognition it receives on an international level for its efforts in combating money laundering (important if later the broker will apply for a license with another jurisdiction), the swift adaptation in controlling and supervising uninterrupted relative to the increase in demand for its forex licenses, the favorable tax conditions (no tax on profit or capital gains).If you have an Institutional business as a network and operate through a forex IB or White Label program, jurisdictions like Vanuatu are a great option to start your own brokerage, before moving forward into more complex and expensive alternatives. Unlike working unregulated, Vanuatu will provide comfort to your clients who need a regulated broker to support their trading needs.

What are the documents required for the Foreign Exchange Business License in Vanuatu?

Businesses will need this list of the document below: Each beneficial owner, shareholder, director, authorized signatory and secretary must provide CV of the director/shareholder dated and signed, showing at least 5 years on related experience in fund management securities and investment A notarized copy of a valid passport (an English translation of the certification) A notarized copy of proof of residential address (ex. utility bill that is not older than 3 months) (an English translation of the certification) Independent references confirming CV and showing at least 5 years on related experience in fund management securities and investment (x2) Criminal record from the native country of the applicant and notarized translation of it into English (if needed) Notarized copies of university Diplomas in English, certified transcripts A second ID of the shareholder(s) / director(s) Professional letter / bank reference on director / shareholder (x2) Bank statement proving the source of fundsBusinesses also need the document for Account Opening and AML officer (Detail in the document required tab)

What is the benefit of Foreign Exchange Business License in Vanuatu?

With Foreign Exchange License in Vanuatu, Businesses can be accepted by all clients in the world. Moreover, businesses can be advertising their services & products in any way it might be deemed appropriate for it under the circumstances

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1. Why Vanuatu Foreign Exchange business License
2. What are the documents required for the Foreign Exchange Business License in Vanuatu?
3. How long do I need to obtain Foreign Exchange Business License in Vanuatu?

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