The financial market is growing rapidly every day while investors are becoming more interested in the industry and at the same time, much more demanding. Many investment firms are being licensed in an increasingly regulated, competitive and demanding environment in retail and institutional markets.
GFSC Global offers Licensing solutions for Forex (FX & CFDs) and Brokerage companies in various jurisdictions such as: Cyprus, Malta, UK, Latvia, Belarus, Gibraltar, Poland, Bulgaria, Ireland, Czech Republic, New Zealand, Dubai (UAE), Lithuania, Mauritius, Cayman Islands, Seychelles, Belize, New Zealand, BVI, Singapore, Australia, Vanuatu, Hong Kong, Labuan, South Africa, Bahamas, Georgia, Malaysia, Cambodia, Isle of Man, Kazakhstan, St Vincent and the Grenadines and many others.
GFSC Global provides full Post Licensing support:
- AML/ Compliance support, Risk management support, Legal services
- Internal and External audit services
- Capital Adequacy Calculation, ICAAP
- In–house Seminars and Trainings
- Registration of Branches, Rep. Offices worldwide
- Legal opinions
- CRS and FATCA reporting
- DPO & GDPR advisory services
Please complete the form and an expert will get back to you within 24 hours.
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Licenses are granted by the Cyprus Securities and Exchange Commission (“CySEC”) under the Law 87(Ι)/2017.
Below please find features of the particular license categories in more details:
| Feature/Category | TYPE A- Cyprus Investment Firm License covers one or more of the following services:
| TYPE B- Cyprus Investment Firm License covers one or more of the following services:
| TYPE C- Cyprus Investment Firm License covers one or more of the following services:
| Tied Agent- Cyprus Investment Firm License |
| Type of company required to be eligible | Ltd company | Ltd company | Ltd company | Physical person or Legal Person |
| Corporate taxation | 12,5% | 12,5% | 12,5% | * |
| Minimum paid-up statutory capital | 730,000 EUR | 150,000 EUR | 50,000 EUR | Not required |
| Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | The Tied Agent should be approved by a Cyprus Investment Firm or from an EEA State |
| Timeframe | A completed application is normally decided upon CySEC approval within 6-9 months from the date of the final filing | A completed application is normally decided upon CySEC approval within 6-9 months from the date of the final filing | A completed application is normally decided upon CySEC approval within 6-9 months from the date of the final filing | A completed application is normally decided upon CySEC approval within 1-2 months from the date of the final filing |
| Government fees | 7,000 EUR* | 7,000 EUR* | 7,000 EUR* | 3,000 EUR |
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, Capital Adequacy calculation
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
Licenses are granted by the Malta Financial Services Authority (“MFSA”) under the provisions of the Investment Services Act (Cap. 370 of the Laws of Malta).
Below please find features of the particular license categories in more details:
Feature/Category | TYPE A- Malta Investment Services License covers one or more of the following services:
| TYPE B- Malta Investment Services License covers one or more of the following services:
| TYPE C- Malta Investment Services License covers one or more of the following services:
| Tied Agent- Malta Investment Services License |
Type of company required to be eligible | Ltd company | Ltd company | Ltd company | Physical person or Legal Person |
Corporate taxation | 35% | 35% | 35% | * |
Minimum paid-up statutory capital | 730,000 EUR | 125,000 EUR | 50,000 EUR | Not required |
Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | The Tied Agent should be approved by a Malta Investment Firm or from an EEA State |
Timeframe | A completed application is normally decided upon MFSA approval within 6 months from the date of the final filing | A completed application is normally decided upon MFSA approval within 6 months from the date of the final filing | A completed application is normally decided upon MFSA approval within 6 months from the date of the final filing | A completed application is normally decided upon MFSA approval within 1-2 months from the date of the final filing |
Government fees | 2,500 EUR- 17,000 EUR * | 2,500 EUR- 17,000 EUR * | 2,500 EUR- 17,000 EUR * | 300 EUR * |
GFSC GLOBAL can offer as well the following services in relation to the licence 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, Capital Adequacy calculation
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
Licenses are granted by the Financial and Capital Markets Commission (“FCMC”) under the provisions of the Financial Instruments Market (the Law).
Below please find features of the particular license categories in more details:
Feature/Category | TYPE A- Latvia Investment Firm License covers one or more of the following services:
| TYPE B- Latvia Investment Firm License covers one or more of the following services:
| TYPE C- Latvia Investment Firm License covers one or more of the following services:
| Tied Agent- Latvia Investment Firm License |
Type of company required to be eligible | Ltd company | Ltd company | Ltd company | Physical person or Legal Person |
Corporate taxation | 20% | 20% | 20% | * |
Minimum paid-up statutory capital | 730,000 EUR | 125,000 EUR | 50,000 EUR | Not required |
Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | The Tied Agent should be approved by a Latvia Investment Firm or from an EEA State |
Timeframe | A completed application is normally decided upon FCMC approval within 3-4 months from the date of the final filing | A completed application is normally decided upon FCMC approval within 3-4 months from the date of the final filing | A completed application is normally decided upon FCMC approval within 3-4 months from the date of the final filing | A completed application is normally decided upon FCMC approval within 1-2 months from the date of the final filing |
Government fees | * | * | * | * |
GFSC GLOBAL can offer as well the following services in relation to the licence 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, Capital Adequacy calculation
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
Licenses are granted by the Bulgarian Financial Supervision Commission (“FSC”) under the provisions of the Markets in Financial Instruments Act of 2007.
Below please find features of the particular license categories in more details:
Feature/Category | TYPE A- Bulgaria Investment Firm License covers one or more of the following services:
| TYPE B- Bulgaria Investment Firm License covers one or more of the following services:
| TYPE C- Bulgaria Investment Firm License covers one or more of the following services:
| Tied Agent- Bulgaria Investment Firm License |
Type of company required to be eligible | Ltd company | Ltd company | Ltd company | Physical person or Legal Person |
Corporate taxation | 10% | 10% | 10% | * |
Minimum paid-up statutory capital | 730,000 EUR | 125,000 EUR | 50,000 EUR | Not required |
Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | The Tied Agent should be approved by a Bulgaria Investment Firm or from an EEA State |
Timeframe | A complete license application is normally decided upon FSC approval within 6 months from the date of the final filing | A complete license application is normally decided upon FSC approval within 6 months from the date of the final filing | A complete license application is normally decided upon FSC approval within 6 months from the date of the final filing | A complete license application is normally decided upon FSC approval within 1-2 months from the date of the final filing |
Government fees | 3,200 EUR- 5,100 EUR * | 3,200 EUR- 5,100 EUR * | 3,200 EUR- 5,100 EUR * | * |
GFSC GLOBAL can offer as well the following services in relation to the licence 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, Capital Adequacy calculation
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
Licenses are granted by the Bank of Lithuania under the provisions of the Law on Markets in Financial Instruments of the Republic of Lithuania.
Below please find features of the particular license categories in more details:
Feature/Category | TYPE A- Lithuania Financial Investment License covers one or more of the following services:
| TYPE B- Lithuania Financial Investment License covers one or more of the following services:
| TYPE C- Lithuania Financial Investment License covers one or more of the following services:
| Tied Agent- Lithuania Financial Investment License |
Type of company required to be eligible | Ltd company | Ltd company | Ltd company | Physical person or Legal Person |
Corporate taxation | 15% | 15% | 15% | * |
Minimum paid-up statutory capital | 730,000 EUR | 125,000 EUR | 50,000 EUR | Not required |
Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | The Tied Agent should be approved by a Lithuania Investment Firm or from an EEA State |
Timeframe | A complete license application is normally decided upon Bank of Lithuania approval within 6 months from the date of the final filing | A complete license application is normally decided upon Bank of Lithuania approval within 6 months from the date of the final filing | A complete license application is normally decided upon Bank of Lithuania approval within 6 months from the date of the final filing | A complete license application is normally decided upon Bank of Lithuania approval within 1-2 months from the date of the final filing |
Government fees | EUR 947 | EUR 947 | EUR 947 | * |
GFSC GLOBAL can offer as well the following services in relation to the licence 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, Capital Adequacy calculation
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
Licenses are granted by the National Bank of the Republic of Belarus under the provisions of the Law No 277 of April 28, 2006, on Securities Market.
Below please find features of the particular license category in more details:
Feature/Category | Forex Trading License |
Type of company required to be eligible | Ltd company |
Corporate taxation | 18% |
Minimum paid-up statutory capital | 100,000 USD |
Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management |
Timeframe | A complete license application is normally decided upon National Bank of Belarus approval within 2-3 months from the date of the final filing |
Government fees | 7,000 EUR |
GFSC GLOBAL can offer as well the following services in relation to the licence 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, Capital Adequacy calculation
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
Licenses are granted by the Central Bank of Ireland (“CBI”) under the provisions of the Markets in Financial Instruments Directive, Directive 2014/65/EU of the European Parliament and of the Council (“MiFID”).
Below please find features of the particular license categories in more details:
Feature/Category | TYPE A- Ireland Investment Firm License covers one or more of the following services:
| TYPE B- Ireland Investment Firm License covers one or more of the following services:
| TYPE C- Ireland Investment Firm License covers one or more of the following services:
| Tied Agent- Ireland Investment Firm License |
Type of company required to be eligible | Ltd company | Ltd company | Ltd company | Physical person or Legal Person |
Corporate taxation | 12,5% | 12,5% | 12,5% | * |
Minimum paid-up statutory capital | 730,000 EUR | 125,000 EUR | 50,000 EUR | Not required |
Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | The Tied Agent should be approved by an Ireland Investment Firm or from an EEA State |
Timeframe | A complete license application is normally decided upon CBI approval within 3-4 months from the date of filing | A complete license application is normally decided upon CBI approval within 3-4 months from the date of filing | A complete license application is normally decided upon CBI approval within 3-4 months from the date of filing | A complete license application is normally decided upon CBI approval within 1-2 months from the date of filing |
Government fees | * | * | * | * |
GFSC GLOBAL can offer as well the following services in relation to the licence 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, Capital Adequacy calculation
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
Licenses are granted by the Polish Financial Supervision Authority (“KNF”) under the Act on trading in financial instruments.
Below please find features of the particular license categories in more details:
|
Feature/Category |
TYPE A- Poland Investment Firm License covers one or more of the following services: • Reception and transmission of orders in relation to one or more financial instruments • Execution of orders on behalf of clients • Portfolio management • Investment advice • Dealing on own account • Underwriting and/or placing of financial instruments on a firm commitment basis • Placing of financial instruments without a firm commitment basis • Operation of MTF • Holding of clients’ funds |
TYPE B- Poland Investment Firm License covers one or more of the following services: • Reception and transmission of orders in relation to one or more financial instruments • Execution of orders on behalf of clients • Portfolio management • Investment advice • Holding of clients’ funds |
TYPE C- Poland Investment Firm License covers one or more of the following services: • Reception and transmission of orders in relation to one or more financial instruments • Execution of orders on behalf of clients • Portfolio management • Investment advice |
Tied Agent- Poland Investment Firm License |
|
Type of company required to be eligible |
Ltd company |
Ltd company |
Ltd company |
Physical person or Legal Person |
|
Corporate taxation |
19% |
19% |
19% |
* |
|
Minimum paid-up statutory capital |
800,000 EUR |
125,000 EUR |
50,000 EUR |
Not required |
|
Main requirements |
Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management |
Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management |
Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management |
The Tied Agent should be approved by a Poland Investment Firm or from an EEA State |
|
Timeframe |
A completed application is normally decided upon KNF approval within 6-9 months from the date of the final filing |
A completed application is normally decided upon KNF approval within 6-9 months from the date of the final filing |
A completed application is normally decided upon KNF approval within 6-9 months from the date of the final filing |
A completed application is normally decided upon KNF approval within 1-2 months from the date of the final filing |
|
Government fees |
4,500 EUR |
4,500 EUR |
4,500 EUR |
* |
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, Capital Adequacy calculation
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
Licenses are granted by the Financial Conduct Authority (“FCA”) under the provisions of the Financial Services and Markets Act (FSMA) 2000.
Below please find features of the particular license categories in more details:
Feature/Category | TYPE A- UK Investment Firm License covers one or more of the following services: •Reception and transmission of orders in relation to one or more financial instruments •Execution of orders on behalf of clients •Portfolio management •Investment advice •Dealing on own account •Underwriting and/or placing of financial instruments on a firm commitment basis •Placing of financial instruments without a firm commitment basis •Operation of MTF •Holding of clients’ funds | TYPE B- UK Investment Firm License covers one or more of the following services: •Reception and transmission of orders in relation to one or more financial instruments •Execution of orders on behalf of clients •Portfolio management •Investment advice •Holding of clients’ funds | TYPE C- UK Investment Firm License covers one or more of the following services: •Reception and transmission of orders in relation to one or more financial instruments •Execution of orders on behalf of clients •Portfolio management •Investment advice | Tied Agent- UK Investment Firm License |
Type of company required to be eligible | Ltd company | Ltd company | Ltd company | Physical person or Legal Person |
Corporate taxation | 19% | 19% | 19% | * |
Minimum paid-up statutory capital | 730,000 EUR | 125,000 EUR | 50,000 EUR | Not required |
Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | The Tied Agent should be approved by a UK Investment Firm or from an EEA State |
Timeframe | A completed application is normally decided upon FCA approval within 8-12 months from the date of the final filing | A completed application is normally decided upon FCA approval within 8-12 months from the date of the final filing | A completed application is normally decided upon FCA approval within 8-12 months from the date of the final filing | A completed application is normally decided upon FCA approval within 1-2 months from the date of the final filing |
Government fees | 1,500 GBP* | 1,500 GBP* | 1,500 GBP* | * |
GFSC GLOBAL can offer as well the following services in relation to the licence 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, Capital Adequacy calculation
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
Licenses are granted by the Mauritius Financial Services Commission (“FSC”) under the provisions of the Mauritius Securities Act 2005.
Below please find features of the particular license categories in more details:
Feature/Category | Investment Dealer License | Investment Adviser License | ||
Type of company required to be eligible | GBL | GBL | ||
Corporate taxation | From 3% to 15% on profits | From 3% to 15% on profits | ||
Minimum paid-up statutory capital | Market Maker License 10,000,000 Mauritian rupees | STP License 600,000 Mauritian rupees | Unrestricted 600,000 Mauritian rupees | Restricted 500,000 Mauritian rupees |
Main requirements | Minimum 2 directors (locals), Compliance & AML Officers (locals), tax calculation, bookkeeping/audit, audited financial statements, qualified personnel | Minimum 2 directors (locals), Compliance & AML Officers (locals), tax calculation, bookkeeping/audit, audited financial statements, qualified personnel | ||
Timeframe | A complete license application is normally decided upon FSC approval within 4-7 months from the date of filing | A complete license application is normally decided upon FSC approval within 4-7 months from the date of filing | ||
Government fees | From 500 USD to 3250 USD* | From 750 USD to 1000 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, Tax Calculation
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
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 | Securities Investment Business 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
Licenses are granted by the International Financial Services Commission (“IFSC”) under the provisions of the International Financial Services Commission Act Chapter 272.
Below please find features of the particular license categories in more details:
Feature/Category | Trading in Securities License | Brokerage, Consultancy, Advisory Services License | Asset Management License |
Type of company required to be eligible | IBC | IBC | IBC |
Corporate taxation | 1,75% | 1,75% | 1,75% |
Minimum paid-up statutory capital | 500,000 USD | 50,000 USD | 25,000 USD |
Main requirements | Minimum 2 directors (1 local), Compliance & AML Officers, bookkeeping/ audit, audited financial statements, physical office | Minimum 2 directors (1 local), Compliance & AML Officers, bookkeeping/ audit, audited financial statements, physical office | Minimum 2 directors (1 local), Compliance & AML Officers, bookkeeping/ audit, audited financial statements, physical office |
Timeframe | A complete license application is normally decided upon IFSC approval within 2.5-3 months from the date of filing | A complete license application is normally decided upon IFSC approval within 2.5-3 months from the date of filing | A complete license application is normally decided upon IFSC approval within 2.5-3 months from the date of filing |
Government fees | 26,000 USD | 6,000 USD | 6,000 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 & Annual Reporting
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
Licenses are granted by the BVI Financial Services Commission (“BVIFSC”) under the provisions of the Securities and Investment Business Act of 2010.
Below please find features of the particular license category in more details:
Feature/Category | SIBF License |
Type of company required to be eligible | BVI LLC company |
Corporate taxation | 0% |
Minimum paid-up statutory capital | Depends on services to be provided. Range is from 50,000 USD to 1,000,000 USD |
Main requirements | Minimum 2 directors, Compliance & AML Officers, bookkeeping/audit, audited financial statements, physical office |
Timeframe | A complete license application is normally decided upon BVIFSC approval within 3-4 months from the date of filing |
Government fees | 2,500 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 & Annual Reporting
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
Licenses are granted by the Monetary Authority of Singapore (“MAS”) under the provisions of the Securities and Futures Act (CAP.289).
Below please find features of the particular license category in more details:
Feature/Category | CMS License |
Type of company required to be eligible | Singapore LLC company |
Corporate taxation | 17% |
Minimum paid-up statutory capital | Depends on services to be provided. Range is from 50,000 SGD to 5,000,000 SGD |
Main requirements | Minimum 2 directors (1 local), Compliance & AML Officers, qualified personnel, bookkeeping/audit, audited financial statements, physical office |
Timeframe | A complete license application is normally decided upon MAS approval within 8-10 months from the date of filing |
Government fees | 1,000 SGD |
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 & Annual Reporting
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
Licenses are granted by the Australian Securities and Investment Commission (“ASIC”) under the provisions of the Corporations Act 2001.
Below please find features of the particular license categories in more details:
Feature/Category | AFS License | Representative of AFS License |
Type of company required to be eligible | Australian LLC company | Individuals, legal entities, partnerships, or a group of individuals and/or legal entities that are the trustees of a trust. |
Corporate taxation | 27,5% | 27,5% |
Minimum paid-up statutory capital | 1 million AUD | Not required |
Main requirements | Minimum 2 directors (1 local), qualified personnel, AML/CFT registration, capital adequacy calculation, bookkeeping/audit, audited financial statements, physical office |
|
Timeframe | A complete license application is normally decided upon ASIC approval within 7-9 months from the date of filing | A complete license application is normally decided upon ASIC approval within 5-6 months from the date of filing |
Government fees | 7,500 AUD | * |
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, Capital Adequacy Calculation, Quarterly & Annual Reporting
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
Licenses are granted by the Vanuatu Financial Services Commission (“VFSC”) under the provisions of the Financial Dealers Licensing Act, [CAP 70].
Please find below features of the particular license category in more details:
Feature/Category | Financial Dealer License |
Type of company required to be eligible | Vanuatu LLC company |
Corporate taxation | 0% |
Minimum paid-up statutory capital | 50,000 USD |
Main requirements | Minimum 2 directors, Compliance & AML Officers, professional indemnity insurance, tax calculation, bookkeeping/audit, audited financial statements |
Timeframe | A complete license application is normally decided upon VFSC approval within 2-4 months from the date of filing |
Government fees | 7,100 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, Tax Calculation, Quarterly & Annual Reporting
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
Licenses are granted by the Financial Services Authority (“FSA”) under the provisions of the Seychelles Securities Act 2007.
Below please find features of the particular license categories in more details:
Feature/Category | Securities Dealer License | Investment Advisor License |
Type of company required to be eligible | Seychelles LLC company | Seychelles LLC company |
Corporate taxation | 1.5% | 1.5% |
Minimum paid-up statutory capital | 50,000 USD | 25,000 USD |
Main requirements | Minimum 2 directors, minimum 2 shareholders, professional indemnity insurance, Compliance Officer (local), qualified personnel, tax calculation, bookkeeping/audit, audited financial statements with local auditor, physical office | Minimum 2 directors, minimum 2 shareholders, professional indemnity insurance, Compliance Officer (local), qualified personnel, tax calculation, bookkeeping/audit, audited financial statements with local auditor, physical office |
Timeframe | A complete license application is normally decided upon FSA approval within 4,5 – 5 months from the date of filing | A complete license application is normally decided upon FSA approval within 4,5 – 5 months from the date of filing |
Government fees | 5,750 USD | 5,250 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, Tax Calculation, Quarterly & Annual Reporting
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
Licenses are granted by the Securities Commission of the Bahamas (the “Commission”) under the provisions of the Securities Industry Act of 2011.
Below please find features of the particular license category in more details:
Feature/Category | Securities Dealer License |
Type of company required to be eligible | Bahamas LLC Company |
Corporate taxation | 0% |
Minimum paid up statutory capital | 300,000 USD |
Main requirements | Minimum 2 directors, Compliance & AML Officers (locals), qualified personnel, bookkeeping/audit, audited financial statements with local auditor, physical office |
Timeframe | A complete license application is normally decided upon Securities Commission approval within 2-4 months from the date of filing |
Government fees | 7,700 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 & Annual Reporting
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
The securities and CFDs dealing activities in Labuan are mainly regulated under the Labuan Financial Services and Securities Act, 2010 (“LFSSA”) and Labuan Islamic Financial Services and Securities Act, 2010 (“LIFSSA”) as IBFC and regulated by the LFSA.
Below please find features of this license in more detail:
Feature/Category | Money Broker License |
Type of company required to be eligible | Labuan Company |
Minimum paid-up statutory capital | RM 500,000 to be maintained in a local bank after the approval of license |
Main requirements | – 2 Directors with experience -1 Shareholders -Local Office and min 2 local employees -Compliance & AML function |
Taxation | 3% of audited net profit |
Government/Regulatory Fees | License application fee USD 2,500 |
Timeframe | 3-4 months from the date of submission of a complete application |
GFSC GLOBAL can offer additional services in relation to the license application, which include:
1) Assisting with obtaining a Professional Indemnity Insurance policy;
2) Provision of Executives directors, if needed;
3) Provision of nominee shareholders, if needed;
4) Provide on-going services, such as accounting, audit, bookkeeping, quarterly reporting;
5) Opening additional operational bank accounts (worldwide);
6) Provision of GDPR services & ISO certification services.
Licenses are granted by the Securities and Futures Commission (“SFC”) under the provisions of the Securities and Futures Ordinance [Cap. 571].
Below please find features of the particular license category in more details:
Feature/Category | Leveraged Foreign Exchange Trading License (Type 3) |
Type of company required to be eligible | Hong Kong LLC Company |
Corporate taxation | 8.25% or 16.5% depending on the amount of profits |
Minimum paid-up statutory capital | If the entity is an approved introduced agent, trader, or a futures non-clearing dealer- 5,000,000 HKD Any other case- 30,000,000 HKD |
Main requirements | Minimum 2 directors (1 local), Compliance & AML Officers, qualified personnel, capital adequacy calculation, bookkeeping/audit, audited financial statements with local auditor, personal presence |
Timeframe | A complete license application is normally decided upon SFC approval within 6 months from the date of filing |
Government fees | 129,730 HKD |
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, Capital Adequacy Calculation, Quarterly & Annual Reporting
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
Licenses are granted by the Securities and Exchange Commission of Cambodia (“SECC”) under the provisions of the Law on the issuance and trading of Non- Government Securities.
Below please find features of the particular license category in more details:
Feature/Category | Securities Dealer License |
Type of company required to be eligible | Cambodia LLC company |
Corporate taxation | 20% |
Minimum paid-up statutory capital | 1,000,000,000 KHR |
Main requirements | Minimum 2 directors, Compliance & AML Officers, qualified personnel, bookkeeping/audit, audited financial statements with local auditor |
Timeframe | A complete license application is normally decided upon SECC approval within 5-8 months from the date of filing |
Government fees | * |
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 & Annual Reporting
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
Licenses are granted by the National Bank of Georgia (“NBG”) under the provisions of the Law on Securities Market.
Below please find features of the particular license category in more details:
Feature/Category | Brokerage License |
Type of company required to be eligible | Georgia LLC Company |
Corporate taxation | 15% |
Minimum paid-up statutory capital | 100,000 GEL- 150,000 GEL |
Main requirements | Minimum 2 directors, minimum 2 shareholders, Compliance & AML Officers, qualified personnel, bookkeeping/audit, audited financial statements with local auditor, physical office |
Timeframe | A complete license application is normally decided upon NBG approval within 3-4 months from the date of filing |
Government fees | 6,000 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 & Annual Reporting
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
Licenses are granted by the Gibraltar Financial Services Commission (“GFSC”) under the provisions of the Gibraltar Financial Services (Markets in Financial Instruments) Act.
Below please find features of the particular license categories in more details:
Feature/Category | TYPE A- Gibraltar Investment Firm License covers one or more of the following services:
| TYPE B- Gibraltar Investment Firm License covers one or more of the following services:
| TYPE C- Gibraltar Investment Firm License covers one or more of the following services:
| Tied Agent- Gibraltar Investment Firm License |
Type of company required to be eligible | Ltd company | Ltd company | Ltd company | Physical person or Legal Person |
Corporate taxation | 10% | 10% | 10% | * |
Minimum paid-up statutory capital | 730,000 EUR | 125,000 EUR | 50,000 EUR | Not required |
Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | The Tied Agent should be approved by a Gibraltar Investment Firm or from an EEA State |
Timeframe | A complete license application is normally decided upon GFSC approval within 4-5 months from the date of filing | A complete license application is normally decided upon GFSC approval within 4-5 months from the date of filing | A complete license application is normally decided upon GFSC approval within 4-5 months from the date of filing | A complete license application is normally decided upon GFSC approval within 1-2 months from the date of filing |
Government fees | 10,661 GBP- 17,961 GBP * | 10,661 GBP- 17,961 GBP * | 10,661 GBP- 17,961 GBP * | * |
GFSC GLOBAL can offer as well the following services in relation to the licence 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, Capital Adequacy calculation
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
Licenses are granted by the Isle of Man Financial Services Authority (“IOMFSA”) under the Financial Services Act 2008.
Below please find features of the particular license category in more details:
Feature/Category | Class 2- Investment Business license |
Type of company required to be eligible | Isle of Man LLC company |
Corporate taxation | 0% |
Minimum paid-up statutory capital | 25,000 GBP |
Main requirements | Minimum 2 directors, Compliance & AML Officers (locals), qualified personnel, bookkeeping/audit, audited financial statements with local auditor, physical office |
Timeframe | A complete license application is normally decided upon IOMFSA approval within 4-6 months from the date of filing |
Government fees | 2,127 GBP * |
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 & Annual Reporting
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
Licenses are granted by the Malaysia Securities Commission (“MSC”) under the Capital Markets and Services Act 2007.
Below please find features of the particular license category in more details:
Feature/Category | Capital Market Services License |
Type of company required to be eligible | Malaysian LLC company |
Corporate taxation | 24% |
Minimum paid-up statutory capital | Depends on services to be provided. Range is from 50,000 RM to 100 million RM |
Main requirements | Minimum of 2 directors, Compliance & AML Officers, qualified personnel, capital adequacy calculation, bookkeeping/audit, audited financial statements with local auditor, physical office |
Timeframe | A complete license application is normally decided upon MSC approval within 3-4 months from the date of filing |
Government fees | 100 RM |
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, Capital Adequacy Calculation, Quarterly & Annual Reporting
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
Licenses are granted by the Financial Services Board in South Africa (“FSB”) under the provisions of the Financial Advisory and Intermediary Services Act 37 of 2002.
Below please find features of the particular license category in more details:
Feature/Category | Category II FSP license (discretionary license) |
Type of company required to be eligible | South Africa LLC Company |
Corporate taxation | 28% |
Minimum paid-up statutory capital | Not required |
Main requirements | Minimum 2 directors, Compliance & AML Officers, qualified personnel, professional indemnity insurance with coverage of not less than 350,000 USD, bookkeeping/audit, audited financial statements with local auditor |
Timeframe | A complete license application is normally decided upon FSB approval within 3 months from the date of filing |
Government fees | 13,971 ZAR |
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 & Annual Reporting
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
The brokerage activities in Marshall Islands are not regulated thus, there is not any requirement to obtain any license for the particular type of activities.
Below please find features of the particular category in more details:
| Feature/Category | Brokerage Company |
| Type of company required to be eligible | Marshall Islands company |
| Corporate taxation | 0% |
| Main requirements | Minimum of 1 director and 1 shareholder, submission of annual return |
| Timeframe | The registration of a Marshall Islands company is normally completed upon Registrar of Corporations approval within 1-2 working days from the date of filing. |
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:
- Opening of operational and clients bank accounts (worldwide)
- Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
- Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Quarterly Statistics, preparation for the On-site Inspection
- Provide outsourced Compliance & AML Support services
- Provide outsourced Risk Management services
- Assistance with finding local premises
- Assistance with Trademark & Brand Name registration
- Provide in-house trainings/seminars
- Provide Legal Opinions
- Provide DPO & GDPR Advisory services
The brokerage activities in St. Vincent and the Grenadines are not regulated thus, there is not any requirement to obtain any license for the particular type of activities.
Below please find features of the particular category in more details:
| Feature/Category | Brokerage Company |
| Type of company required to be eligible | SVG company |
| Corporate taxation | 0% |
| Main requirements | Minimum of 1 director and 1 shareholder |
| Timeframe | The registration of a SVG company is normally completed upon Registrar of Corporations approval within 5-7 working days from the date of filing. |
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:
- Opening of operational and clients bank accounts (worldwide)
- Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
- Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Quarterly & Annual Reporting
- Provide outsourced Compliance & AML Support services
- Provide outsourced Risk Management services
- Assistance with finding local premises
- Assistance with Trademark & Brand Name registration
- Provide in-house trainings/seminars
- Provide Legal Opinions
- Provide DPO & GDPR Advisory services
The brokerage activities in Kazakhstan are not regulated thus, there is not any requirement to obtain any license for the particular type of activities.
Below please find features of this particular category in more details:
Feature/Category | Brokerage Company |
Type of company required to be eligible | KAZ company |
Corporate taxation | 0% |
Minimum paid-up statutory capital | There is no minimum amount but usually the authorized paid-up capital is up to 1,000 USD |
Main requirements | Minimum of 1 director and 1 shareholder |
Timeframe | The registration of a KAZ company is normally completed upon AFSA approval within 7-14 working days from the date of filing. |
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:
- Opening of operational and clients bank accounts (worldwide)
- Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
- Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Tax Calculation
- Provide outsourced Compliance & AML Support services
- Provide outsourced Risk Management services
- Assistance with finding local premises
- Assistance with Trademark & Brand Name registration
- Provide in-house trainings/seminars
- Provide Legal Opinions
- Provide DPO & GDPR Advisory services
Our professional fees for the above-mentioned services depend on the combination of services chosen and are available upon request.
An applicant for the license must be an Kenya company, and once the company is in place, we will apply to the Capital Markets Authority (CMA) for the IF license to provide regulated products and services.
Below please find features of this particular license category in more detail:
Feature/Category | Investment Firm License |
Type of company required to be eligible | Limited Liability Company by Shares |
Corporate Taxation | 30% |
Minimum paid-up statutory capital | 300,000 USD -500,000 USD depending on investment services to be provided. |
Directors | Local Directors (Minimum 3) – at least 1 should be physical person, 1 independent non-executive and 2 Executive Directors |
Shareholders | Minimum 3 shareholders and Beneficial Owners |
Main requirements | Local Physical office Compliance /MLRO Professional Indemnity Insurance Policy Local legal Counsel Local Dealer with at least 3 years of experience Local External Audit, Accounting, Annual Audited accounts & filing, qualified personnel |
Timeframe | A complete license application is normally decided upon CMA approval within 6 months from the date of filing |
Government fees | License application fees: USD 125 License fees: USD 1000 |
GFSC GLOBAL can offer as well the following services in relation to the licence 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 External Audit, Legal Services
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
Our professional fees for the above-mentioned services are dependent on the combination of services chosen and are available upon request.
Licenses are granted by the Dubai Financial Services Authority (“DFSA”) to carry out the Financial service of Dealing in Investments as Principal and arranging Deals in Investments.
Below please find features of the particular license category in more details:
Feature/Category | DIFC CATEGORY 3A License |
Type of company required to be eligible | DIFC company |
Minimum paid-up statutory capital | USD500,000 |
Main requirements | Physical office, qualified personnel, 1 Senior Executive Officer – UAE resident, Compliance Officer and AML Officer – UAE residents, Internal and External Audit, Accounting, Risk Management |
GFSC GLOBAL can offer as well the following services in relation to the licence 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, Capital Adequacy calculation
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
Our professional fees for the above-mentioned services depend on the combination of services chosen and are available upon request.
The relevant Licence is issued under the provisions of Vanuatu’s financial legislation and are granted by the Minister of Finance upon application to the Vanuatu Financial Services Commission (VFSC).
Please find below the features of the particular licence category in more detail:
Feature/Category | Brokerage Licence (Categories A-B-C) |
Type of company required to be eligible | VIC |
Taxation | 0% |
Minimum paid-up statutory capital | USD 50,000 deposited for Categories (A-B-C) |
Financial statements disclosure to VFSC | Audited financial statements |
Main requirements | • AML/Compliance officer •Compliance services (local-obligatory) •Local office-substance •Resident Manager •Indemnity insurance |
Government Fees Description/Licence Category | |
Licence Processing and Applications Fee (one off) | USD 3,000 per category – to be able to offer services as a market maker. The amount is payable to VFSC |
Annual Licence Fee | Same as above |
GFSC GLOBAL can offer additional services in relation to the licence application, which include:
- Provision of nominee directors, if needed;
- Provision of nominee shareholder, if needed;
- Accounting/bookkeeping services;
- Reconciliation and tax calculation services;
- Audit services;
- Opening additional operational bank accounts (worldwide).