The Republic of Vanuatu is located in the western South Pacific, 1900 kilometres east of Brisbane, Australia. Vanuatu consists of 83 islands, belonging to the Melanesian Islands. The land area is 860,000 square kilometres and the population is about 270,000. Political stability strictly abides by Commonwealth laws, and the main industries are agriculture and tourism.
In recent years, many brokers chose Vanuatu as its preferred jurisdiction in attaining their forex licences because Vanuatu’s financial industry received strong support from the Government, which later established the Vanuatu Financial Services Commission VFSC in 1993. The VFSC forex licenses continue to become a popular structure for global foreign exchange companies who seek regulatory supervision.
VFSC, that is, Vanuatu Financial Services Commission, is the official regulatory body that help approve financial institutions in carrying out business and issues the Vanuatu Securities Dealer Licence. With the Vanuatu Securities Dealer Licence the brokerage could support a variety of services, such as remittance businesses, payments, foreign exchange trading, commodities, securities trading, financial advice, etc.
Vanuatu VFSC maintains a high degree of confidentiality for company registration information and documents. It is easy to open an international bank account. The application only needs to provide personal certificate, address certificate, no criminal record and other relevant information. It requires a paid up capital of approximate worth US$50K to the regulator. The application time is short and the cost is low. It is one of the best regulatory licenses for start-up brokers.
If you need to know more about VFSC license application information, please contact us: