Isavella Evripidou

Founder and Chief Executive Officer

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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, Belarus, Gibraltar, Latvia, Kenya, Dominica, Poland, Bulgaria, Ireland, Dubai (UAE), Lithuania, Mauritius, Cayman Islands, Seychelles, Belize, BVI, Singapore, Australia, Vanuatu, Hong Kong, Labuan, South Africa, Bahamas, Georgia, Malaysia, Cambodia, Isle of Man, Kazakhstan, Comoros, St. Lucia 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

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

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:

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 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 the Offshore Jurisdictions

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 under the provisions of the Securities Act 2005.

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

Feature/Category

Full Dealer License (with no underwriting)

Type of company required to be eligible

GBL

Corporate taxation

3%

Minimum paid-up statutory capital

1,000,000 Mauritian rupees (approximately USD20,000)

Main requirements

– 2 directors (locals), 1 Executive Director,

– Compliance, MLRO and Deputy MLRO Officers (locals),

– Local office, through our office in Mauritius 

– Bookkeeping (local),

– Audited Financial Statements, through local Auditor

Timeframe

A complete license application is normally decided upon FSC approval within 4-5 months from the date of filing

Government/License Processing Fee & Annual Fees

5,800 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

Brokerage License

Type of company required to be eligible

Formation of Cayman Islands exempted company, or other similar entity

Corporate taxation

0%

Minimum paid-up statutory capital

125,000 USD

Main requirements

Minimum 2 directors (1 local), Compliance & AML Officers (locals), quarterly statistics calculation, bookkeeping/audit, qualified personnel, Annual on- site inspection of business premises by CIMA

Timeframe

A complete license application is normally decided upon CIMA approval within 6-8 months from the date of filing

Government fees

12,732 USD

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

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

Licenses are granted by the Financial Services Commission (FSC) under the provisions of the Financial Services Commission Act, 2023 and the Securities Industry Act, 2021 (SIA).

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 FSC approval within 2.5-3 months from the date of filing

A complete license application is normally decided upon FSC approval within 2.5-3 months from the date of filing

A complete license application is normally decided upon FSC 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 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

Broker 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 & Trading in Crypto 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:

• 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 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

Investment Firm 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 I FSP license (STP type)

Category II FSP license (MM type)

Type of company required to be eligible

South Africa LLC Company

South Africa LLC Company

Corporate taxation

27%

27%

Minimum paid-up statutory capital

Not required

Not required

Main requirements

• Minimum 2 directors (1 should be local)
• Compliance & AML Officers (local)
• Qualified key person (local)
• Qualified personnel
• Local substance
• Professional indemnity insurance with coverage of not less than 350,000 USD
• Bookkeeping/audit
• Audited Financial Statements with local Auditor

• Minimum 2 directors (1 should be local)
• Compliance & AML Officers (local)
• Qualified key person (local)
• Qualified personnel
• Local substance
• 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 FSCA approval within 12 months from the date of filing

A complete license application is normally decided upon FSCA approval within 12 months from the date of filing

Government fees

13,971 ZAR

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 service

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:

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

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 Regulated by Securities & Commodities Authority in Abu Dhabi under Federal Law of 2000. 

CAT1 Dealing in Securities, including categories:

– Trading and clearing broker 
– Global markets trading broker 
– Unregulated derivatives and spot forex trading broker
– Trading broker 
– Securities dealer 

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

Feature/Category

Dealing in Securities License (CAT1)

Type of company required to be eligible

Mainland Dubai, DIFC, ADGM

Minimum paid-up statutory capital

AED 30 Million

Corporate Taxation

9%

Main requirements

• min 2 local directors (fit and proper) 

• local Compliance 

• local office

• External Audit 

• Risk Management

Timeframe

As regards the timeframe for obtaining the license, a completed application is normally decided upon SCA approval within approximately 6 months from the date of the final filing.

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.

Licenses are granted Regulated by Securities & Commodities Authority in Abu Dhabi under Federal Law of 2000. 

CAT2 Dealing in Investments, including categories: 

–  Investment Fund Management
– Family Office 
– Portfolio Management 
– Fund Administration
– Managing a profit-sharing investment account

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

Feature/Category

Dealing in Investments CAT2)

Type of company required to be eligible

Mainland Dubai, DIFC, ADGM

Minimum paid-up statutory capital

Starting AED 1 million to AED 35 million depending the category

Main requirements

• min 2 local directors (fit and proper) 

• local Compliance 

• local office

• External Audit 

• Risk Management

• Investment Operations Manager

Timeframe

As regards the timeframe for obtaining the license, a completed application is normally decided upon SCA approval within approximately 6 months from the date of the final filing.

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.

Licenses are granted Regulated by Securities & Commodities Authority in Abu Dhabi under Federal Law of 2000.

CAT5 Arranging & Advise, including categories:

– Financial Consulting
– Financial Adviser
– Listing Adviser
– Introducing
– Promotion

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

Feature/Category

Arranging and Advise (CAT 5)

Type of company required to be eligible

Mainland Dubai, DIFC, ADGM

Minimum paid-up statutory capital

AED 500,000

Corporate Taxation

9%

Main requirements

• min 2 local directors (fit and proper)

• local Compliance

• local office

• External audit

Timeframe

As regards the timeframe for obtaining the license, a completed application is normally decided upon SCA approval within approximately 6 months from the date of the final filing.

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.

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

DFSA CATEGORY 2 License (CAT 2 MM)

Type of company required to be eligible

DIFC company

Minimum paid-up statutory capital

USD 2,000,000

Main requirements

Physical office, Board Directors,
1 Senior Executive Officer – local,
Compliance Officer and MLRO Officer – local,
Finance Officer – local,
Internal and External Audit, Accounting, – local
Risk Management

Timeframe

As regards the timeframe for obtaining the license, a completed application is normally decided upon DFSA approval within 7-8 months from the date of the final filing.

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), Nominee Shareholders, other required qualified personnel)
3) Provide outsourced services, such as Accounting, Bookkeeping, External Audit, Quarterly & Annual reporting
4) Assistance with finding local premises, if required
5) Assistance with Trademark & Brand Name registration
6) Provide in-house trainings/seminars
7) Provide Legal Opinions
8) 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.

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 License (CAT 3A STP)

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

Timeframe

As regards the timeframe for obtaining the license, a completed application is normally decided upon DFSA approval within 3-4* months from the date of the final filing.

* The timeframe to be confirmed.

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), Nominee Shareholders, other required qualified personnel)
3) Provide outsourced services, such as Accounting, Bookkeeping, External Audit, Quarterly & Annual reporting
4) Assistance with finding local premises, if required
5) Assistance with Trademark & Brand Name registration
6) Provide in-house trainings/seminars
7) Provide Legal Opinions
8) 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.

Licenses are granted by the Dubai Financial Services Authority (“DFSA”) to carry out the Investment Fund Services. 

CAT 4 Investment Advisor License, including categories: 

– Advising on Financial Products
– Arranging Deals in Investments
Arranging Credit and Advising on Credit 

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

Feature/Category

DIFC INVESTMENT ADVISOR LICENSE (Category 4)

Type of company required to be eligible

DIFC company

Minimum paid-up statutory capital

USD 10,000

Main requirements

• Physical office

• Board of Directors

• 1 Senior Executive Officer (SEO) – local

• Compliance Officer (CO) and MLRO Officer – local

• Finance Officer (FO) – local

• Internal and External Audit, Accounting – local

• Risk Officer

Government Fees

DFSA FEESDIFC FEES
US$ 15,000 (Application Fee) + Supplementary Fee in case of additional complexity in the application*US$ 8,000 (Application Fee)
US$ 12,000 (Commercial License for 1 year)
US$ 1,250 (Data Protection Notification fees)
US$ 15,000 (Annual Fee; pro rata from the date of license, and annually in full thereafter)
+ US$ 1,000 for every US$ 1,000,000 of expenditure
US$ 12,000 (Commercial License renewal fee – annual)
US$ 750 (Data Protection renewal 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

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:

1) Provision of nominee directors, if needed;
2) Provision of nominee shareholder, if needed;
3) Accounting/bookkeeping services;
4) Reconciliation and tax calculation services;
5) Audit services;
6) Opening additional operational bank accounts (worldwide).

An applicant for the license must be a Comoros IBC company, which we will form for you, and once the company is in place, we will apply to the Anjouan Offshore Finance Authority. This License is subject to any variations of the “Government Notice No 004 of 2005” or “The Government No.5 of 2005”.

Below please find features of the Brokerage and Forex category in more detail:

Feature/Category

Brokerage and Forex

Type of company required to be eligible

IBC

Corporate Taxation

0

Minimum paid-up statutory capital

0

Main requirements

1 Director 1 Shareholder

GFSC GLOBAL can offer additional services in relation to the license application, which include:

1) Opening additional bank accounts (worldwide)
2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), traders, etc.)
3) Provide OUTSOURCED services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Capital Adequacy calculation
4) Compliance support services – Outsourced
5) Risk Management – Outsourced
6) Assistance with finding premises
7) Preparation of all required documents
8) Provision of GDPR services & ISO certifications services.

Our professional fees for the above-mentioned services are dependent on the combination of services chosen and are available upon request.

The company will be regulated by FSU (Financial Services Unit) of Dominica.

Below please find features of the FX Dealer category in more detail:

Feature/Category

FX Dealer Sub – License

Type of company required to be eligible

Domestic Company

Corporate Taxation

0

Minimum paid-up statutory capital

50,000USD

Main requirements

1 Director 1 Shareholder

GFSC GLOBAL can offer additional services in relation to the license application, which include:

1) Opening additional bank accounts (worldwide)
2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), traders, etc.)
3) Provide OUTSOURCED services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Capital Adequacy calculation
4) Compliance support services – Outsourced
5) Risk Management – Outsourced
6) Assistance with finding premises
7) Preparation of all required documents
8) Provision of GDPR services & ISO certifications services.

Our professional fees for the above-mentioned services are dependent on the combination of services chosen and are available upon request.

The brokerage activities in St Lucia 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

International Business Company (IBC)

Type of company

Company limited by shares

Corporate tax

0%

Minimum capital

0

Main requirements

Minimum of 1 Director and 1 Shareholder

Timeframe

3-4 days after the approval of the name & 10 days for delivering the documents

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) Provision of nominee directors and shareholders, if needed.
3) Legal opinions and registration of Trademarks worldwide.
4) Services of Virtual Office, Real estate worldwide.
5) Immigration/ citizenship Services,
6) Any other services mentioned on our website, www.gfscglobal.com
7) Our professional fees for the above-mentioned services depend on the combination of services chosen and are available upon request.

In order to carry out Forex activities in this jurisdiction, you must have Official Permission and License. FFMC License is regulated by the Reserve Bank, under Section 10 of the Foreign Exchange Management Act 1999.

Please find below the features of the particular license category in more details:

Feature/Category

Full Fledged Money Changers (FFMC) License.

Type of company required to be eligible

Registered company in India as a legal entity, under the Companies Act 2013.

Corporate taxation

Tax for local companies is around 32-42%.

Minimum paid up capital

Approx. 41,000-42,000USD

Main requirements

▪ 2 Qualified Directors, 1 to be Local.

▪ Minimum 2 Shareholders, no Locals.

▪ Local qualified Compliance Officer and AML Officer.

▪ Physical Local Office required.

▪ Audited financial statements are obligatory and has to be done by Indian licensed Auditor.

Timeframe

Approximate timeframe can take from 12 months to 1½ year.

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), Nominee Shareholders, other required qualified personnel)

3) Provide outsourced services, such as Accounting, Bookkeeping, External Audit, Quarterly & Annual reporting

4) Assistance with finding local premises, if required

5) Assistance with Trademark & Brand Name registration

6) Provide in-house trainings/seminars

7) Provide Legal Opinions

8) 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.

Apply for Financial Companies (Forex Brokerage) License

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