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Financial Companies

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, Bulgaria, Czech Republic, Ireland, Lithuania, Mauritius, Cayman Islands, Seychelles, Belize, New Zealand, BVI, Singapore, Australia, Vanuatu, UAE (Dubai), Hong Kong, Labuan, South Africa, Cambodia, Isle of Man, St Vincent and the Grenadines and many others.

GFSC Global provides full Post Licensing support:

  1. AML/ Compliance support, Risk management support, Legal services
  2. Internal and External audit services
  3. Capital Adequacy Calculation, ICAAP
  4. In–house Seminars and Trainings
  5. Registration of Branches, Rep. Offices worldwide
  6. Legal opinions
  7. CRS and FATCA reporting
  8. DPO & GDPR advisory services

Apply for our Financial Companies Services

Please complete the form and an expert will get back to you within 24 hours.

Regulated Licensed Solutions
in the European Union

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:

  • 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- Cyprus 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- Cyprus 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- 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

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 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 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 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:

  • 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- Malta Investment Services 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- Malta Investment Services 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- 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:

  • 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- Latvia 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- Latvia 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- 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:

  • 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- Bulgaria 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- Bulgaria 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- 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:

  • 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- Lithuania Financial Investment 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- Lithuania Financial Investment 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- 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 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:

  • 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- Gibraltar 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- Gibraltar 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- 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 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:

  • 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- Ireland 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- Ireland 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- 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

Regulated Licensed Solutions
In Offshore Jurisdictions

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

  • If it is an individual- to be well qualified in order to act as an authorized representative
  • If a legal entity- 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

Licenses are granted by the International Business and Financial Centre, Malaysia (“IBFC”) under the provisions of the Labuan Financial Services and Securities Act, 2010 and Labuan Islamic Financial Services and Securities Act, 2010.

Below please find features of the particular license category in more details:

Feature/Category

Securities License

Type of company required to be eligible

Labuan LLC Company

Corporate taxation

3%

Minimum paid-up statutory capital

300,000 MYR

Main requirements

Minimum 2 directors, minimum 2 shareholders, Compliance & AML Officers, professional indemnity insurance with coverage of not less than 1 million MYR, bookkeeping/audit, audited financial statements with local auditor

Timeframe

  • A complete license application is normally decided upon IBFC approval within 3-4 months from the date of filing

Government fees

350 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 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 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