ATRIUM LEGAL LAB LTD
The Experts for your Regulated
- Isle of Man
Exchange & Trade
- New Zealand
Cryptocurrency Trade and
Initial Coin Offering (ICO)
- Foreign Exchange(FX)
- Cyprus Brokerage Services
Forex Trading License
Securities Dealers License,
Institutions (EMI - PSP)
- Mauritius Investment Dealer &
- New Zealand
Financial Services Providers
- Financial Holding &
- BVI Hedge Funds
Private Asset Management
Holding & Finance Company
Estonia, a new European Crypto Market -
Starting a Crypto Currency Company in Estonia with Exchange and Wallet Service Provider License
Key points for Cryptocurrency Company structure
Regulatory Oversight as a means of Attracting Business
Designated Business Registration Policy IOMFSA Changes – 5th October 2018
How long will an Application take?
Open a Cryptocurrency Company in Ireland
Why Register a Bitcoin Company in Ireland?
Cryptocurrency Regulation 2019 Taxation
Anti-Money Laundering Requirements
Ownership and Licensing Requirements
New Guidance on Cryptocurrencies and Initial Coin Offering (ICO)
Exchanges, Wallets, Broking
Registration and other Obligations
Initial Coin Offering (ICO)
Types of Financial Product
Tokens that are not Financial Products
Fair Dealing and Initial Coin Offers
Cyprus Investment Firm (CIF)
Cyprus Strategic Advantages
Cyprus Investment Firm (CIF) License
Initial Capital Requirements
Conditions for the Granting of a License
Information and Documents required
Applying for a Securities Dealers License
Financial Dealers Licensing Amendments
Vanuatu FX Regulation
List of Securities Covered by
The Dealer in Securities License
Vanuatu Securities Brokerage Dealer License
Why Vanuatu Forex License
How Atrium Legal Lab Can Help You
Mauritius Investment Dealer
Advantages to be Licensed in New Zealand
As a Financial Services Provider (FSP)
NZ FSP Registration
Who needs to be licensed?
New FMA Role
New Zealand FSP Registration
What you need to Obtain FSP Registration
NZ FSP Registration
Timeframe to Complete this process
Funds in the British Virgin Islands
British Virgin Islands
Registration of an Investment Fund
BVI Incubator and Approved Fund
BVI Hedge (Incubator) Funds
Limited Functionary Requirements
Luxembourg Private Asset Management Company (SPF) - The Concept
Permitted and Prohibited Activities of a Luxembourg SPF
Capital Requirement and Supervision
Luxembourg Private Asset Management (SPF)
Luxembourg SOPARFI (Société de Participations Financières) - The Concept
Luxembourg Holding (SOPARFI)
Vanuatu Securities Dealers Licenses
Increasingly Popular among Binary Options and FX Brokers
Vanuatu is one of the best offshore locations for your forex company registration.
Vanuatu has a very user-friendly Act, the Prevention of Frauds Act which allows an individual or a company to apply for a Securities Dealers License.
This license allows you to buy, sell, trade securities such as shares, bonds, options etc. and manage a portfolio of investments for and on behalf of your clients.
This License can be useful for investment/fund management institutions such as Brokerage firms, mutual or hedge funds etc. who may have clients wishing to invest in securities which may not be permissible or must comply with onerous and costly compliance of their resident jurisdiction. Such investments can be done through an entity incorporated in Vanuatu licensed to carry on Securities dealing business thereby bypassing these constraints legally.
The island nation of Vanuatu, located in the South Pacific Ocean is becoming a preferred jurisdiction for many Forex brokers looking for regulation, mainly due to the low capital requirements that Forex brokers need to meet in order to set up a licensed Forex company in Vanuatu.
The capital required can be as low as to VATU 5,000,000 (approx. US$45.000) for every new application, and now to be paid to the Vanuatu Financial Services Commission.
Setting up a licensed forex company in Vanuatu will offer excellent benefits.
Holding a Vanuatu Forex license (VFSC – Vanuatu Financial Services Commission) is very useful to brokerages as it allows them to buy, sell and trade investments like shares, options, bonds amidst several other instruments. The license also enables brokerages to manage investment portfolios on behalf of traders.
The business-friendly environment of the region makes it attractive to not only FX brokerages. Other investment and fund management institutions such as brokerage firms and hedge funds who have clients wishing to invest in securities not permitted in their resident jurisdiction or that require complicated and costly compliance steps, may find holding a Broker Dealer License in Vanuatu very useful.
By having a Vanuatu Forex License, these types of investments can be done through a brokerage incorporated in Vanuatu, licensed to trade securities, thus bypassing constraints existing in other countries in a legal manner. This is one of the main advantages of register brokerage licensed company in Vanuatu.
Moreover, Vanuatu offers high level of confidentiality for beneficiary owners, shareholders and officers, while the company is exempted from capital gains, tax on profits and stamp duty after incorporation for 20 years.
Applying for a Securities Dealers License
To obtain a Securities Dealers License in Vanuatu, it is required to incorporate a company. This process is quite fast.
Financial services in Vanuatu are regulated by Vanuatu Financial Services Commission (VFSC).
Application for a Principal’s license or a Representative’s license is not expensive and basically requires providing a set of basic information for the applicant. Also, it requires to confirm and to provide information of previous or existing activities related to financial services and additional information regarding any negative experience or records linked to the applicant. It enables to hold the applicant liable in case of any submitted false information or for activities that will be performed and overall, it regulates the issuance of Vanuatu forex license.
The forex brokerage license can be obtained based on Dealer's in Securities (Licensing) Act [CAP 70]. An application can be made for a Dealers in Securities License under this act by a Vanuatu international company or by an individual, who is a Director / Officer of the company. Moreover, the clients can benefit from this license because it permits the holder to manage the portfolio of investments and to operate with securities (sell and buy) for the client or even on his behalf.
The Company should have a responsible Anti-Money Laundering officer, who is registered with the Financial Intelligence Unit in Vanuatu. This AML officer cannot be the director or take any other position within the Company. Alternate Anti-Money Laundering officer must be appointed as well.
Bond Increase to VATU 5,000,000
The increase of the bond which has been decided by the regulator, amounts now to VATU 5,000,000 (Approx. US$45.000) for every new application and has now to be paid to the Vanuatu Financial Services Commission and not to the Supreme Court of Vanuatu anymore.
The insertion of the KYC requirements includes the filing of at least the following documents (non-exhaustive list):
Application form in the prescribed form
A bank reference letter as proof of source of funds to pay the Capital
An outline of the business plan
An AML&CTF Registration Form
An AML&CTF Compliance Officer Appointment Form
An AML&CTF compliance report form
An AML Manual
For the applicant (private person):
Notarized and recent (less than 3 months) Police clearance
Certified Copies of Academic Transcripts (Diplomas),
A signed and dated CV
2 (two) independent references on related experience in fund management securities and investment
A statement of the director outlining the financial standing affairs, current assets, contingent liabilities and insurance including professional indemnity showing cover of the appointed representative and other officers of the applicant;
If the applicant has been operating for more than twelve (12) months prior to the date of the application for the license, the applicant must provide a financial statement showing the latest profit and loss report and balance sheet of the applicant which have been audited by an independent auditor and certified by a Public Notary or with the Commissioner agreement, it’s equivalent;
A statement clearly detailing the activity to be carried out under the license and the manner or medium in which the applicant proposes to conduct the business (including the details of the product which the applicant will hold itself out as being able to provide;
Details of the applicant’s internal organization, internal controls and corporate governance, including details on keeping the current books and records detailing receipt of investment, how it is held and dealt with, and outline of mechanisms used for the withdrawal and/ or maturity of investment;
A certified independent risk assessment report highlighting Anti Money Laundering and Counter Terrorist Financing compliance;
Disclosure of internet related business or e-commerce business and clearly showing the information of the licensee;
A resolution of directors appointing the Representative of the Principal Licensee (if applicable); and
A declaration by the applicant and the directors that it is not aware of any matter that might reasonably cause the Commissioner to doubt that it and its Representative have the competence, integrity or financial resources to be able to undertake business in accordance with the Act.
However, in the case of TBA clients, we do not expect the process to be more stringent since we have been applying most of these enhanced KYC due diligence requirement to all the clients for which we act as Registered Agent.
While most of the jurisdictions used to apply for a Securities Dealers License, do currently require the applicant to have a local physical presence at the jurisdiction, where business is being managed from, and others requiring a local resident Director as a member/officer of the Company, so far, Vanuatu still does not apply such requirements.
This means that, unless new legislation comes out, no physical presence or resident directors are legally required.
Setting up your Licensed
Securities Brokerage License in Vanuatu
Atrium Legal Lab, together with our local Lawyers, has been offering legal services related to acquiring a Vanuatu Forex and is today able to assist clients with every step all over the process, being the best option for those who are looking for set up securities license and Forex Rehistration in Vanuatu.
we offer free and non-binding consultations for Forex brokers and potential Forex brokers in order to help them understand if they fulfil the requirements set by the Vanuatu Financial Services Commission for a license.
Our experienced staff offer regulation related services in many other popular jurisdictions as well and can therefore advise brokers who have not decided on the most suitable jurisdiction yet on what the most beneficial jurisdiction is.
We offer solutions to clients by combining the traditional legal fabric with new technologies.
If you would like more information as to how to become a licensed Brokerage Dealer in Vanuatu, we welcome you to get in touch with our Business Development Managers.
you will be allocated a Business Development Manager
to provide you full guidance and assistance
all over the process.
One of our Customer Representatives will be most pleased to help and assist you
The information and materials contained in this website do not constitute an offer, invitation, solicitation, advice or recommendation to buy the products and services offered and rendered by Atrium Legal Lab Ltd and shall be applied with prior consultation.
Atrium Legal Lab Ltd does not offer legal or tax advice without consultation with certified professionals with related appropriate skill and expertise.
The information contained in this website is for general guidance on matters of interest only and should not be considered as guidance for financial or tax decisions, or a substitute for specific professional consultation.
While we have made every effort to ensure that the information contained in this website is accurate and correct due to constant changes in laws, rules and regulations Atrium Legal Lab (BVI) Ltd accepts no liability for any loss or damage arising directly or indirectly from action taken or not taken relying on the information contained in this website. In particular no warranty is given as to the completeness, accuracy, reliability of such information and as to whether it is at all times up to date.
Atrium Legal Lab Ltd accepts no liability for any loss or damage direct or indirectly arising from the application of any information contained in this website, including any loss, damage or expenses arising from, but not limited to, any defect, error, mistake, inaccuracy, reliability of this website, its contents or related services, or due to any unavailability of this Site or any part thereof of any contents or related services.