Licensing Regulation Setup PopUp

Vanuatu

VANUATU

Remote location, very well equipped with corporate infrastructure, banks, lawyers and accountants. The Vanuatu financial services commission (VFSC) is the entity responsible for regulating and supervising the ﬁnancial industry in the country.

Broker must incorporate as a Vanuatu international company in order to apply for a Vanuatu Forex license. Infrastructure and strict conﬁdentiality for offshore companies combined make Vanuatu quite an interesting location for starting a brokerage.

Advantages

Low minimum capital required ($2000 approximately) rapid regulation procedure
no-local office/employees required exempt of personal tax, corporate tax, withholding taxes and capital gains
zero estate or death duties

Broker requirements

Notarized passport copy (should be notarized in English – 3 copies)
Last 3 months utility bill (should be notarized in English – 3 copies with original)
Director/shareholder’s bank reference letter
Lawyer’s reference letter
The copy of educational degree certiﬁcate (should be in English)
Director/shareholder’s CV

Corporate information

High-class international banking services there are two foreign-owned and locally owned banks each in the domestic banking system, operating under the supervision of the reserve bank of Vanuatu
Excellent modern communications empowered by cutting edge technology
Easy re-conciliation option available
Thanks to the high conﬁdentiality, officers, shareholders or beneﬁciary owners do not require to show any identity proofs to the vanuatu financial services commission (vfsc)
No tax on capital gains, proﬁt, distributions or stamp duty for 20 years from the date of the company formation

Note: documents may be requested from any authority or institution during the process

St. Vincent

ST. VINCENT

Complete set up for an unregulated Forex company in st. Vincent and Grenadines island.

Efficient and affordable solutions available to start a Forex brokerage company from the broker’s point of view. Stable, independent and politically free jurisdiction by the organization for economic co-operation and development. Most proffered taxation structures within members of British commonwealth, united nations (UN), international labor organization (ILO) and organization of eastern Caribbean states (OECS).

Advantages

Exempt from local tax for ﬁrst 25 years from date of registration
No annual return to be ﬁled with SVG authorities
No corporate or withholding taxes
Directors, shareholders and officers information are not disclosed on any public register

Broker requirements

Notarized passport copy (English – 2 copies)
Last 3 months utility bill (English – 2 copies with original)
Director/shareholder’s bank reference letter
Director/shareholder’s CV

Corporate information

High-class international banking services
There are two foreign-owned and locally owned banks each in the domestic banking system, operating under the supervision of the Reserve Bank of Vanuatu
Excellent modern communications empowered by cutting edge technology
Easy re-domiciliation option available
Thanks to the high confidentiality, ofcers, shareholders or beneficiary owners do not require to show any identity proofs to the Vanuatu Financial Services
Commission (VFSC)
No tax on capital gains, profit, distributions or stamp duty for 20 years from the date of the company formation

NOTE: documents may be requested from any authority or institution during the process

Malta

Complete package including all the mandatory requirements for a successful forex company formation and renewal with Malta financial service association.

A stable and advanced economy, regarded as one of the strongest ﬁnancial centers in the world. Forming a broker company in Malta offers you numerous beneﬁts ranging from having a broker license issued by a well-recognized regulatory body, to acquiring favorable taxation.

Advantages

Immense double tax treaty network with 70 countries
Approachable regulator highly acceptable of new business proposals
Various license types available
Highly beneﬁcial tax control.

Broker requirements

Notarized passport copy (English – 2 copies)
Last 3 months utility bill (English – 2 copies with original)
Director/shareholder’s bank reference letter
The copy of educational degree certiﬁcate (English)
Director/shareholder’s CV

Corporate information

Minimum one shareholding applicant must already be regulated in the provision of ﬁnancial services to MFSA satisfactory level
Minimum capital requirements: €730,000

NOTE: documents may be requested from any authority or institution during the process

United Kingdom

Complete package services provided with all mandatory requirements that are crucial for a full registration and renewal with the FCA insuring compliance procedure are set with regulatory body

Establish a brokerage in the united kingdom (via financial conduct authority, London). Providing and advising every step needed to maintain and sustain your brokerage.

Advantages

One of the strongest GDP growth having country in the world
Declared as the best regulatory body in the world with NFA

Broker requirements

Notarized passport copy (English – 2 copies)
Last 3 months utility bill (English – 2 copies with original)
Director/shareholder’s bank reference letter
Lawyer’s reference letter
The copy of educational degree certiﬁcate (English)
Director/shareholder’s CV
Criminal record check certiﬁcate

Corporate information

London is regarded as one of strongest in fields of foreign investments and hedge funds
FCA, London has regulated highest Forex brokers who are duly authorized with FCA broker license
One of toughest and strongest regulatory procedure to obtain Forex license
Tax rate system:individual tax system starts from 20% / corporate tax is just 20%
United kingdom is the highest contributor in the Forex trading market with $2.6 trillion a day

NOTE: documents may be requested from any authority or institution during the process

Hong Kong

Complete package services provided with all mandatory requirements that are crucial for a full registration and renewal with the FCA insuring compliance procedure are set with regulatory body
Establish a brokerage company via securities and future commission, Hong Kong.Providing and advising every step needed to maintain and sustain your brokerage.

ADVANTAGES

business-friendly policies
low tax system compared to other jurisdictions
LOW compliance required than EU PROCEDURES

Broker requirements

Broker requirements notarized passport copy (English – 3 copies)
Last 6 months utility bill (English – 3 copies with original)
Director/shareholder’s bank reference letter with account statement
Lawyer’s reference letter
Director’s/shareholder’s CV (minimum 6 years industry experience/minimum 3 years in a senior management role)
The copy of educational degree certiﬁcate should be in English and Chinese language)
Criminal record check certiﬁcate

Corporate information

Hong Kong is consistently regarded as one of the best countries in the world to open up the business due to the high amount of business-friendly policies and has the highest number of foreign companies in the world

Due to which FDI business is at its peak right now in Hong Kong

Tax rate system: individual tax system begins at 2% / tax 16.5%

NOTE: documents may be requested from any authority or institution during the process

Cyprus

CYPRUS

Complete package services provided with all mandatory requirements that are crucial for a full registration and renewal with CYSEC insuring compliance procedure are set with regulatory body
one of very few highly regulated governing bodies in the Forex industry. Well-governed and most respected jurisdiction to start a ﬁnancial business, which has very strict government rules and regulation, laid by authorities of CYSEC. The CYSEC broker license gives you the reliability and safety among the European jurisdiction.

Advantages

No tax on dividend payment to non-residents
Proﬁts from securities are tax-free
Traders/Investors can complain directly to CySEC
Low corporate taxation system and impressive range of double taxation treaties with more than 40 countries

Broker requirments

Notarized passport copy (English – 2 copies)
Last 3 months utility bill (English – 2 copies with original)
Director/Shareholder’s Bank reference letter
Lawyer’s reference letter
copy of educational degree certiﬁcate (English)
Director/Shareholder’s CV
Bank statement, CAPITAL OF EUR 125,000 (For STP license or Binary options)
(CAPITAL OF EUR 730,000 For Market Maker license)

Corporate information

Proﬁts, interest, dividends, capital gains and any other related gains arising from disposal of shares in such investments can be freely remitted overseas without any restriction

physical office in Cyprus is mandatory. REQUIRED AT LEAST 2 executive directors and 2 non-executive directors IN company structure. DIRECTORS/NON-DIRECTORS must be domiciled in Cyprus

REQUIRED 2-3 people based in Cyprus THAT can work at BROKERS Cypriot office. Usually,are 1 executive director, accountant/ compliance/back office personEL

NOTE: documents may be requested from any authority or institution during the process

Bulgaria

BULGARIA

COMPLETE package services PROVIDED with all mandatory requirements that are crucial for a FULL registration and renewal with CYSEC INSURING compliance procedure ARE SET WITH regulatory body

Bulgaria is a full member of EU which is controlled and regulated by Financial Supervision Commission (FSC). The licensed organizations are bound to follow rules and regulation set by them from time to time. Apart from the EU Regulators, Bulgaria has some other advantages which create an attraction for many Forex brokerages and makes it a popular choice.

Advantages

Bulgaria has a stable and predictable economy with the lowest corporate tax in the EU at only 10%
average salary of Bulgaria is comparatively low in the whole European Union (EU).
LOW tax system combined with low labor costs makes it the most suitable for business.
Two types of licenses available to choose from

Broker requirments

Notarized Passport copy (Should be notarized in English – 3 copies)
Last 3 months Utility Bill (Should be notarized in English – 3 copies with original)
Director/Shareholder’s Bank Reference Letter
Lawyer’s Reference Letter
The copy of Educational Degree Certificate (Should be in English)
Director/Shareholder’s CV

Corporate information

strategic location PROVIDING ADVANCED opportunity for investors ENABLING access TO entire EU and the markets of Central and Eastern Europe

Different tax rate systems: Corporate and Individual Tax: 10% / Dividend Tax: 5% / VAT: 20%

NOTE: documents may be requested from any authority or institution during the process

BVI

COMPLETE package services PROVIDED with all mandatory requirements that are crucial for a FULL registration and renewal with the FCA INSURING compliance procedure ARE SET WITH regulatory body

get approved by BVI Financial Services Commission, carrying out all the ﬁnancial service activities including banking, investment services, insolvency and insurance business.

BVI Forex Broker Licenses are valuable regulators for many brokers. All the business registered under BVI FSC needs to abide by all their norms according to Securities and Investment Business Act, 2010. Even though a new Broker who is regulated under BVI FSC and has speciﬁc laws and regulations which are relatively new to the ﬁnancial activity.

Advantages

High level of privacy and conﬁdentiality
No capital gains, inheritance taxes or death duties
No dividends, interest or royalties

Broker requirements

Notarized passport copy (Notarization text should be in English)
Last 3-months utility bill (Attached with original copy)
Professional letter/ Bank reference on Director/Shareholder
Copy of the educational degree certiﬁcate (English)

Corporate information

Basic requirements (SIBA):

Minimum required 2 directors. ANY NATIONALITY

PREPARE annual audited ﬁnancial statements (appoint auditor)

Maintain adequate capital resources to conduct business (No minimum REQUIRED BY SIBA. (DONE case-by-case basis).

appoint a compliance officer and submit a compliance manual (mandatory approved by BVI FSC or apply for an exemption

Maintain Professional Indemnity Insurance (PII) or to APPLY A detailed self-exemption to PII

NOTE: documents may be requested from any authority or institution during the process

Belize

BELIZE

IFSC, Belize is a regulatory body holding responsibilities of issuing, renewing and regulating Forex Brokerage Companies in Belize jurisdiction. Belize is relatively cost effective and less time consuming than other jurisdictions and hence, considered as Forex licensing hub.

APEXUM ASSISTS YOU in every step of the way to ensure your integrity and conﬁdence during Belize Forex Company Formation. Our complete package satisﬁes all the mandatory requirements of successful registration of Belize Brokerage Company and in-depth compliance with the IFSC (Belize).

Advantages

Exemption from all local taxes for international business companies
Well-developed ﬁnancial industry and professional infrastructure
Strict secrecy law which forbids disclose of ﬁnancial information
Excellent telecommunications system
Access to the NAFTA members (Mexico, USA and Canada) by land, sea, and air is easy
No foreign exchange restrictions for IBC

Broker requirements

Passport copy should be mandatory notarized
COPY OF Last 3-months Utility Bill (PLUS ORIGINAL)
Director'(s) or Shareholder'(s) Letter with bank account statement
copy of Educational Degree Certiﬁcate (ENGLISH)

Corporate information

Belize IBC is not subject to any taxes in Belize regardless of source of generated INCOME.

Provides protection against fatuous lawsuits separating ownership from individual liability

Directors or shareholders do not require ﬁling their personal information on public record. An IBC register of shareholders is available for inspection only by shareholders or by order of the Belize Courts at the request of any shareholder

Public ﬁling requirement includes a Memorandum (MOA) and Articles of Association (AOA) only

NOTE: documents may be requested from any authority or institution during the process

BANK ACCOUNT SETUP

It is necessary to have a medium that is secured, efficient, reliable and easily accessible anytime, one option to this medium is a bank, to operate legally in a regulated jurisdiction, you need to have a bank account with a local or international bank. Apexum establishes your bank account that satisfies all your transnational needs. Helping brokers open bank account through experienced and professional legal coordinators, Apexum will be with you every step of the way to maintain the integrity of the process.

Apexum establishes your bank account that satisfies all your transnational needs. Helping brokers open bank account through experienced and professional legal coordinators, Apexum will be with you every step of the way to maintain the integrity of the process.

Multiple currencies from multiple jurisdictions

A bank account that accepts a range of currencies from multiple jurisdictions giving brokers efficiency and reliability.
Certain points one should take into consideration before opening a corporate account, is the registered jurisdiction in which the company has been incorporated, the expected business activity of the company, the location of the company’s potential clients and the deposit and monthly fees of the bank.
As long term partners with many Forex companies, we understand the importance of your changing needs as the business grows. Of equal importance for you is a partner that understands the latest trends and requirements.

Streamlined financials and back-office processes

Banks specialize in the provision of international banking services for brokers.
Multiple jurisdiction where a broker decides to incorporate their company,
Assist brokers with locating a bank to meet your needs.
High reputable banks, high level of confidentiality,
Wide range of financial products
Internationally accepted debit/credit cards.

Merchant accounts

Merchant accounts that suits the requirements of all the major regulatory agencies, relieving a significant burden for a new company, and easing the transition for an existing company changing its regulations.

Streamlining the special requirements and needs of unregulated companies and provide in depth services to help brokers with their banking needs.

Apexums multi-connections and expertise can suit smaller companies seeking lower fees and efficient service.

Anticipated fraud security

Connecting to merchant account for higher security.
Compliance channel provided as a security measure.
Risk evaluation
Anti-money laundering
IP location fraud prevention and more

Merchant account setup

Apexum helps ensure efficient, secure, transparent international payment processing. Whether a broker is seeking to operate financially offline, online or mobile, any financial transfer can be processed through Apexums merchant account with high grade security and compliance, regardless of the company’s size. In addition to large scale commercial chains and medium-sized companies, we also cater to smaller organizations seeking confident services such as risk management or support.

Pre-integrated & tested solutions

Pre-integrated and tested solution with multiple payment gateways.
Providing seamless payment processing for brokers and traders.

Risk management

Reduce payment defaults; increase sales and profit
Solution for adopting multiple payment options to offer brokers and the maximum amount to which a particular payment is justifiable. As fraud cases differ, Apexum individually adapt PSP solutions to meet the specific requirements of a brokerage.

Payment

Accept payments worldwide, securely, transparently and efficiently
Cost-effective and transparent. Pre-integrated into Apexum technology suite and PSP gateways, streamlining brokers processes.

Mobile payment

Enable cashless payment for everyday traders, through a merchant account that provides mobile accepting technology.
Guarantee secure data and payment transfer, with multi-currency and multilingual system connections.
Offer your traders increased payment convenience.

PSP SETUP

Apexum supports any business models and processes desired within a broker, providing multiple jurisdiction and currency specific features to suite any financial industry worldwide. Apexum develops a solution that is tailored to specific needs, fulfills the highest standards of security, a PSP which is economical and can be integrated seamlessly. Apexum offers a broad spectrum of credit card acceptance contracts, banking services and innovative prepaid products.

Global connectivity

Connected to over 350 acquiring banks and PSP worldwide. Apexum operates all on-boarding procedures, allowing brokers to operate payments reliably and efficiently.

Instinctive back office

Built to operate and maintain entire payment strategy, multiple integration, platforms and PSP’s with a supportive back office system

Rapid integration

Pre-integrated API with multiple local and global payment methods and technology, allowing a broker to accommodate traders payment preferences by Geo-location and language.

Treasurer friendly

PCI DSS secured payment gateway portal, fully built to your brand’s design and user experience, thanks to Apexums flexible technology. 

Vanuatu

VANUATU (VFSC)

VFSC requirment

Application form of VFSC,Vanuatu
Statutory Declarations
Bank Application Forms
AML Procedures
Business Plan
3-year Financial Forecast
Balance Sheet with Forecast description
AML/CFT Declaration

IFSC criteria

Assets: Physical or Virtual Office Required.
Time Frame: 3-4 Month’s.   Free Capital: Starting at $30,000.
Reporting Requirements: Simpliﬁed.
Service Provided Requirements: Standard Quality.
Membership Fee’s: Ranging from $20,000 – $30,000 one-time (Compulsory).
Website: http://www.ifsc.gov.bz/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

St. Vincent

ST.VINCENT (FSA)

FSA requirements

Formed and veriﬁed corporate documents
Certiﬁcate of incumbency
Bank application forms
AML procedure

FSA CRITERIA

Assets: Physical or Virtual Office Required.
Time Frame: 2-3 Month’s.
Free Capital: Starting at $30,000.
Reporting Requirements: Simpliﬁed.
Service Provided Requirements: Standard Quality.
Membership Fee’s: Ranging from $20,000 – $30,000 one-time (Compulsory).
Website: http://svgfsa.com/warn.html

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Malta

MALTA (MFSA)

MFSA requirements

MFSA application form
Statutory declarations
Application forms
AML procedures
Business plan
Financial projection

MFSA Criteria

Assets: office required
time frame: 6 month’s.
Free capital: starting at $30,000.
Reporting requirements: simpliﬁed.
Service provided requirements: standard quality.
Membership fee’s: ranging from $35,000 – $50,000 one-time fee for legal   services (compulsory).
Website: http://www.Mfsa.Com.Mt/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

United Kingdom

UNITED KINGDOM (FCA)

FCA requirements

FCA, united kingdom application form
Statutory declarations
Bank application forms
AML (anti-money laundering) procedures
Strong business plan with stated revenue
3-year financial projection of your business
Balance sheet with forecast description AML/CFT declaration

FCA criteria

Time frame: 1 year.
Free capital: $100,000 (client deposit’s not included).
Reporting requirements: standard.
Service provided requirements: standard quality.
Membership fee’s: ranging from $35,000 – $50,000 one-time fee (compulsory).
Website: https://www.Fca.Org.Uk/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Hong Kong

HONG KONG (SFC)

SFC requirements

Application of SFC , Hong-Kong
statutory declarations
bank application forms
AML procedures
business plan
3-year financial forecast
AML/CFT declaration

SFC criteria

Time frame: 1-2 years.
Free capital: $20 million (client deposit’s not included).
Reporting requirements: difficult.
Service provided requirements: high quality.
Membership fee’s: starting at $125,000 per annually (compulsory).

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Cyprus

CYPRUS (CYSEC)

CYSEC requirments

CYSEC application form
declarations
bank application forms
AML (anti-money laundering) procedures
business plan
financial projection of your business
balance sheet with forecast description

CYSEC criteria

Assets: office required
time frame: 6 month’s.
Free capital: starting at $30,000.
Reporting requirements: simpliﬁed.
Service provided requirements: standard quality.
Membership fee’s: ranging from $35,000 – $50,000 one-time
fee for legal services (compulsory).
Website: http://www.Cysec.Gov.Cy/en-gb/home/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Bulgaria

BULGARIA (FSC)

FSC requirements

Application of FSC , Bulgaria
statutory declarations
bank application forms
AML procedures
business plan
financial forecast
balance sheet with forecast description
AML/CFT declaration

FSC criteria

Time frame: 1 year.
Free capital: $100,000 (client deposit’s not included).
Reporting requirements: standard.
Service provided requirements: standard quality.
Membership fee’s: ranging from $35,000 – $50,000 one-time fee (compulsory).
Website: www.fsc.bg/en/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

BVI

BVI BRITISH VIRGIN ISLANDS (FSC)

FSC requirments

AML procedures
Business plan

FSC criteria

Assets: physical or virtual office required.
Time frame: 3-4 month’s.
Free capital: ranging from $20,000 – $30,000.
Reporting requirements: simpliﬁed.
Service provided requirements: standard quality.
Membership fee’s: ranging from $20,000 – $30,000 one-time fee (compulsory).
Website: http://www.Bvifsc.Vg/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Belize

BELIZE (IFSC)

FSC requirement

Application Form by IFSC, Belize
Affidavit of directors’ bio-data
Bank application forms
AML Procedures
Business Plan
5-year ﬁnancial forecast
Balance sheet with forecast description
AML/CFT FAQs Declaration

VFSC criteria

Assets: physical or virtual office required.
Time frame: 2-3 month’s.
Free capital: starting at $30,000.
Reporting requirements: simpliﬁed.
Service provided requirements: standard quality.
Membership fee’s: ranging from $20,000 – $30,000 one-time (compulsory).
Website: https://www.Vfsc.Vu/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

TECHNOLOGY

Capability

Extensive suite of trading capabilities.
Fxlinked offers the option of API access any connection of bespoke algos.
Low-latency connectivity to a range of FX and precious metals, providing alternative distribution channels for your pricing.
Various user interfaces (desktop and mobile), and API’s to increase distribution channels to clients.
Xcore bridge, helping mt4/mt5 brokers by providing straight-through-processing (STP) from trading platforms to Fxlinked liquidity pools, allowing brokers to access deep liquidity and stream prices to their client base.

Exchange

Standard trade latency is 4 ms
Standard MTF latency is 0.5 ms
Sustained processing capacity 40k orders/ second
Fxlinked exchange
RFQ/RFS
Treasury management system (TMS)
Order management system (OMS)

INTEGRATION

Cross connect:

Equinix (NY, LD4/5, TK3)
Point of presence (POP) at INTERXION
Extranet/internet

ACCESS:

API (JAVA, .NET)
FIX 4.4
WEB GUI
MOBILE
MT4/5 BRIDGES

TECHNOLOGY

Capability

Capacity of multiple aggregated liquidity streams as well as private liquidity pools that are distinctive suiting any brokers trading needs, style, and preferences.
Dedicated management team whose sole focus is to deliver every broker prime liquidity streams, elevating brokers with optimum flow.
The ability to access anonymous, single-ticket liquidity through Fxlinked. Delivering ladders of streamed liquidity in increments between 3 and 50 million notional amounts, across major currency pairs, which can be accessed with a single click in one user interface (GUI).

Liquidity – instruments

Institutional FX transactional service
70 spot FX pairs view instrument list
Bullion, equity indices and commodities
Volume based commission discounts available
Access to tier 1 liquidity
Aggregated liquidity
Netlink liquidity

Deliverables

Deliverable and non-deliverable FX
Competitive, institutional exchange rates
Automatic commission reduction for higher amounts
Rates include commission and bank transfer fee

Delivering FX in all the major global currencies
Experienced, professional client services team
Client funds held in segregated bank account
Live currency rate calculator with indicative real-time exchange rates

RISK MANAGEMENT

Capability

Revolutionary technology empowering concurrent (Abook) / non-concurrent (b-book) and hedging competency. Flexibility of configuration across individual pairs, authorizing white label acquirers the capability market risk assessment and management.
Margin risk management solutions built in capability of automated margin calls to every client providing high degree of ability in managing leverage and risk assessment.
Institutional and prime risk management focusing on variety of position limits (aggregated, NOP , netted).

Security

Selective leveled permissions and compliance across multiple locations and business units to facilitate and maintain integrity:
Internal control activities: segregation of duties (sod), establishment of responsibility
System access control
Record retention
Back-up/contingency

INTEGRATION

Integrity

Operated in international standards of financial transparency.
Anti-money laundering (AML)
Know your customer (KYC) processes are a central part of all client management.
Middle office and back office teams

Ability to meet cash flow obligations,
Monitoring, assessing and securing:
Internal reports
Prudential reports
Market reports.

TRANSPARENCY

Capability

Accessibility to trading pattern analysis, trade history, audit trail, and counter-party activity.
Providing extensive books/records and analytical solutions for high degree of operations and activities. Reaching high standards of transparency internally and external.
Inter-connectivity with your back-office systems and our stp suit solely aimed to facilitate coherent settlement, workflow, reporting and auditing processes. Connections provided via multiple prime post-trade hubs.

Transparency

Pre and post-trade transparency
Open order book – full market depth (via fix)
Strict price/time priority matching algorithm
Streaming FX limit-order liquidity from top tier banks and proprietary trading firms
No ‘last look’ or rejections
Complete trading anonymity
Complete range of clearing solutions

INTEGRATION

ADVANTAGES:

TRANSPARENT PRICE FEED
PRE-POST TRADE
GUARANTIED FILLS
NO REQOUTES

A-book / b-book setup
Quality execution,
Premium liquidity
Competitive fees

Vanuatu

VANUATU (VFSC)

VFSC requirment

Application form of VFSC,Vanuatu
Statutory Declarations
Bank Application Forms
AML Procedures
Business Plan
3-year Financial Forecast
Balance Sheet with Forecast description
AML/CFT Declaration

IFSC criteria

Assets: Physical or Virtual Office Required.
Time Frame: 3-4 Month’s.   Free Capital: Starting at $30,000.
Reporting Requirements: Simpliﬁed.
Service Provided Requirements: Standard Quality.
Membership Fee’s: Ranging from $20,000 – $30,000 one-time (Compulsory).
Website: http://www.ifsc.gov.bz/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

St. Vincent

ST.VINCENT (FSA)

FSA requirements

Formed and veriﬁed corporate documents
Certiﬁcate of incumbency
Bank application forms
AML procedure

FSA CRITERIA

Assets: Physical or Virtual Office Required.
Time Frame: 2-3 Month’s.
Free Capital: Starting at $30,000.
Reporting Requirements: Simpliﬁed.
Service Provided Requirements: Standard Quality.
Membership Fee’s: Ranging from $20,000 – $30,000 one-time (Compulsory).
Website: http://svgfsa.com/warn.html

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Malta

MALTA (MFSA)

MFSA requirements

MFSA application form
Statutory declarations
Application forms
AML procedures
Business plan
Financial projection

MFSA Criteria

Assets: office required
time frame: 6 month’s.
Free capital: starting at $30,000.
Reporting requirements: simpliﬁed.
Service provided requirements: standard quality.
Membership fee’s: ranging from $35,000 – $50,000 one-time fee for legal   services (compulsory).
Website: http://www.Mfsa.Com.Mt/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

United Kingdom

UNITED KINGDOM (FCA)

FCA requirements

FCA, united kingdom application form
Statutory declarations
Bank application forms
AML (anti-money laundering) procedures
Strong business plan with stated revenue
3-year financial projection of your business
Balance sheet with forecast description AML/CFT declaration

FCA criteria

Time frame: 1 year.
Free capital: $100,000 (client deposit’s not included).
Reporting requirements: standard.
Service provided requirements: standard quality.
Membership fee’s: ranging from $35,000 – $50,000 one-time fee (compulsory).
Website: https://www.Fca.Org.Uk/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Hong Kong

HONG KONG (SFC)

SFC requirements

Application of SFC , Hong-Kong
statutory declarations
bank application forms
AML procedures
business plan
3-year financial forecast
AML/CFT declaration

SFC criteria

Time frame: 1-2 years.
Free capital: $20 million (client deposit’s not included).
Reporting requirements: difficult.
Service provided requirements: high quality.
Membership fee’s: starting at $125,000 per annually (compulsory).

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Cyprus

CYPRUS (CYSEC)

CYSEC requirments

CYSEC application form
declarations
bank application forms
AML (anti-money laundering) procedures
business plan
financial projection of your business
balance sheet with forecast description

CYSEC criteria

Assets: office required
time frame: 6 month’s.
Free capital: starting at $30,000.
Reporting requirements: simpliﬁed.
Service provided requirements: standard quality.
Membership fee’s: ranging from $35,000 – $50,000 one-time
fee for legal services (compulsory).
Website: http://www.Cysec.Gov.Cy/en-gb/home/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Bulgaria

BULGARIA (FSC)

FSC requirements

Application of FSC , Bulgaria
statutory declarations
bank application forms
AML procedures
business plan
financial forecast
balance sheet with forecast description
AML/CFT declaration

FSC criteria

Time frame: 1 year.
Free capital: $100,000 (client deposit’s not included).
Reporting requirements: standard.
Service provided requirements: standard quality.
Membership fee’s: ranging from $35,000 – $50,000 one-time fee (compulsory).
Website: www.fsc.bg/en/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

BVI

BVI BRITISH VIRGIN ISLANDS (FSC)

FSC requirments

AML procedures
Business plan

FSC criteria

Assets: physical or virtual office required.
Time frame: 3-4 month’s.
Free capital: ranging from $20,000 – $30,000.
Reporting requirements: simpliﬁed.
Service provided requirements: standard quality.
Membership fee’s: ranging from $20,000 – $30,000 one-time fee (compulsory).
Website: http://www.Bvifsc.Vg/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Belize

BELIZE (IFSC)

FSC requirement

Application Form by IFSC, Belize
Affidavit of directors’ bio-data
Bank application forms
AML Procedures
Business Plan
5-year ﬁnancial forecast
Balance sheet with forecast description
AML/CFT FAQs Declaration

VFSC criteria

Assets: physical or virtual office required.
Time frame: 2-3 month’s.
Free capital: starting at $30,000.
Reporting requirements: simpliﬁed.
Service provided requirements: standard quality.
Membership fee’s: ranging from $20,000 – $30,000 one-time (compulsory).
Website: https://www.Vfsc.Vu/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process