Licenses are granted by the Cayman Islands Monetary Authority (“CIMA”) under the provisions of the Securities Investment Business Law. Below please find features of the particular license category in more details:

Feature/Category	Brokerage License
Type of company required to be eligible	Formation of Cayman Islands exempted company, or other similar entity
Corporate taxation	0%
Minimum paid-up statutory capital	125,000 USD
Main requirements	Minimum 2 directors (1 local), Compliance & AML Officers (locals), quarterly statistics calculation, bookkeeping/audit, qualified personnel, Annual on- site inspection of business premises by CIMA
Timeframe	A complete license application is normally decided upon CIMA approval within 6-8 months from the date of filing
Government fees	12,732 USD

GFSC GLOBAL can offer as well the following services in relation to the license application, which include: 1) Opening of operational and clients bank accounts (worldwide) 2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel) 3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Quarterly Statistics, preparation for the On-site Inspection 4) Provide outsourced Compliance & AML Support services 5) Provide outsourced Risk Management services 6) Assistance with finding local premises 7) Assistance with Trademark & Brand Name registration 8) Provide in-house trainings/seminars 9) Provide Legal Opinions 10) Provide DPO & GDPR Advisory services