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, 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
"*" indicates required fields