Benefits of license
Despite the fact that, predominantly but with some exceptions, Forex and binary options activities are strongly controlled in common jurisdictions, it is clear that an organization licensed to hold Forex activity, takes a considerable advantage to its competitors in this market, since it has the growing reputation and the credibility among potential traders is increasing.
A lot of problems and inconveniences are solved in parallel, for example, an account opening with the bank with decent reputation, despite the fact that acquiring banks and processing firms will be much more favorable to the company to offer lower commission interest from payments. This is because they will assume the operating activities of the licensed company much less risky than the same activity with non-licensed companies.
Firms licensed to run on this island will be much easier to get a financial license in the European jurisdiction in future. The operational registration process and small related expenses.
No doubt that this country may boast of the operational control of licenses obtaining for binary options and Forex brokers. Here, you may get the license required within 2-3 months.
In connection with changes dd. 16/06/2017, the beneficiary is obliged to pay a deposit of 5,000,000 Vanuatu Vatu or 50,000 USD with the Bank to be as the security deposit. Yet, the obligation for financial statement is introduced. These measures were taken by the government of Vanuatu to intensify the prestige of the island on the international financial arena that will positively impact the standing ofthe Forex companies with Vanuatu.
Steps of the licensing process
The process of creating a Forex company in Vanuatu includes the registration of the company, the legalization of a package of documents, the production of a seal, the payment of the required state duties. After that, the delivery of the statutory documents is carried out. Also the term of license is annually renewed.
In order to get a Dealers under securities license, you will have to prepare a business plan, KYC and AML documents beforehand, and then Compliance officers and AML are already connected. After that, the necessary state fee for obtaining a license is paid and the forms for obtaining a license are filled out with their subsequent submission.
This will be followed by opening an account in a banking institution, filling out the necessary bank questionnaires, collecting the necessary documentation for the BO and the company with subsequent submission, the process of connecting the payment system for accepting Visa and Mastercard cards. Also, most likely, it will not be possible to do without training and qualified assistance in the process of processing additional papers that the banking institution will require.
The service to prolong the period of validity of the Vanuatu Forex license includes:
Annual fee payment as prescribed for the license;
Annual duty for company prolongation;
Submission of annual reports;
Service to offer the legal address;
Upon request, services of the nominee Director.
When currently assessing benefits of Vanuatu, one should take in view that this country is the undisputed leader in terms of speed to obtain licenses, as well as their quality and final cost. If you require to obtain a license of the Forex broker in Vanuatu, our team will deliver the expert and prompt help to obtain this license in this island area. If you want, you may purchase a running company in Vanuatu with the valid license of a Forex broker. Send your request in our contact form and we will deliver a quality assistance in process of obtaining the required license of a Forex broker in the jurisdiction of Vanuatu.
Our team will also provide the professional advice on obtaining the required licenses in any concerned jurisdiction. If you need the advice or have any questions on how to get a license, you can call us at the number shown on the portal, phone or use the convenient contact form and our staff will contact you online.