Vanuatu Forex License From Best Financial Firm
Not everyone can afford a Belize forex license, so we have teamed up with the most respected legal firm on the island of Vanuatu and have secured for you the Vanuatu forex license at wholesale costs. I know that many Vanuatu forex license intermediaries will be angry at us, but we need to uphold our goal which is provide you with the best forex license at the lowest cost and eliminate the middle man.
The Vanuatu financial firm we connect you with, is the most trusted and safest financial services firm on Vanuatu, so you will be in good hands with them. If you go with some intermediary you end up paying fees you do not have to pay by going through us. Why throw away an extra $5,000 that you can save through us. Even if they try and sell you a cheaper license, you may end up getting in trouble because not all are good registered agents.
In order to apply for and obtain a Vanuatu Forex License, you must first incorporate a Vanuatu International Company ( VIC ). Once your company is incorporated as a Vanuatu International Company, you can be sent the application for a security dealer license which works also for those who want to be licensed as a forex trading company.
The Dealers in Securities Department requires brokerages who establish their business in Vanuatu to hold a Security Bond of VT 200,000 (Approximately USD 2,000) held safely with the Registrar of The Supreme Court. So you can see that the requirements are much much less than Belize requires and thus allows more people to set up forex trading companies.
The team member firm in Vanuatu would be happy to arrange for the incorporation of a Vanuatu International Company subject to their due diligence verification. Most pass this verification and all clients have gotten a forex license successfully through this legal firm.
Get our Free special package to get tools to help you acquire and use the forex license. Click.
While they respect the confidentiality of their clients, they are obligated by law to obtain the following information relating to all beneficial owners, directors, shareholders, bank account signatories and all parties connected in any way to any company business entity or trust that they may form or administer.
PROOF OF IDENTITY
1. To establish the identity and signature of all parties, clients must provide a copy of one of the following:
· Current Valid Passport
· Current Valid Driving License
2. Such copy must bear a clear photograph, the holders signature and the document number.
3. The copy must be certified by any one of the following:
· A notary public
· A lawyer
· A banker
· Another professional person being a member of a professional organization and the professional body must be clearly identified under their signature.
PROOF OF RESIDENTIAL ADDRESS
To validate the home address of all parties mentioned in your application, please provide ONE of the following dated within the last three months, for each party:-
· Original Utility Bill (electricity / water / telephone fixed line)
· Original bank reference confirming the home address from a recognized bank.
These may be faxed to our trusted firm in Vanuatu for review. But the ORIGINALS must be sent to them by courier or by mail and regretfully they cannot initiate work until the originals have been received. All documents must be in English or if not then a translation from an independent and accredited translator should be attached.
Kindly note that their professional fees for setting up a Vanuatu International Company will be as follows:-
Details Currency Amount
Company Incorporation USD 1,100.00
Registered Agent / Registered Office Fees USD 850.00
Government Tax Fees (5%) USD 97.50
Sub Total USD 2,047.50
Sundry USD 50.00
Government Registration Fees USD 150.00
TOTAL USD 2,247.50
(The Cost for the renewal for the Vanuatu International Company will be USD 1,560.00)
REPRESENTATION FEES (IF REQUIRED)
Details Currency Amount
Bank Account Opening USD 1,000.00
Government Tax Fees (5%) USD 50.00
SECURITY DEALER LICENSE
Details Currency Amount
Application for Security Licence USD 5,166.66
Principal’s Licence USD 200.00
Representative’s Licence USD 100.00
Government Tax Fees (5%) USD 258.34
Sub Total USD 5,725.00
Security Deposit (payable to Supreme Court) USD 2,000.00
TOTAL USD 7,725.00
( The Cost for the renewal of the Security Dealer Licence will be USD 5,725 )
The Security Dealer License is valid for only a year and will need to be renewed at least two months prior to the expiry date of the license. The License is approved by the Minister of Finance.
The definition of Securities means:-
(a) Shares in the share capital of a corporation
(b) An instrument that creates and acknowledges the indebt securities that is issued by a corporation or a public office including:-
(i) Debentures; or
(ii) Debenture Stock; or
(iii) Loan stock, or
(iv) Bonds, or
(v) Certifications of deposit, or
(c) A right despite whether or not conferred by warrant, to subscribe for shares or debt securities; or
(d) A right under a depository receipt; or “Depository Receipt” means
(i) A Certificate or written record of a document that is issued by or on behalf of a person who holds any relevant securities of a particular issuer; and
(ii) A Certificate or written record of a document that acknowledges that another person is entitled to the rights in relation to the relevant securities of the same kind.
(e) An option to acquire or dispose of any Security falling within any other provision of this Act; or
(f) A right under a contract for the acquisition or disposal of the relevant securities under which the delivery is to be made at a future date and at a price agreed when the contract is made in accordance with the terms of that contract; or
(g) The proceeds of Foreign Exchange or FOREX; or
(h) The proceeds of precious metals; or
(i) The proceeds of commodities
Documents that will be required for the person who will hold the Representative License will be :-
1 Original Utility Bill (must show full name and address)
2 An Original Reference letter from Current Banker / Accountant
3 Certified Copy of Passport / Driver’s Licence
4 Original Police Clearance
The Principal License will be under the name of the Company and the Representative’s License has to be under a person’s name. Once the Company has registered it will take approximately 4 to 6 weeks for the Security License to be approved and it has to be signed by the Minister of Finance.
Our trusted agent who is helping you will also need a business plan for the company giving sufficient details to fully understand the future operations of the company. We include this in the special information package you can order here. Click here.
It normally takes only seven days to incorporate the company and a further three weeks to open the bank account once we have received all completed forms.
There are some new requirements implemented by the Vanuatu Financial Intelligence Unit (VFIU) few weeks ago. All Security dealer licensees will have to register their business with the VFIU. The firm's fees for assisting your company to register with the VFIU and liasing with them for all incoming and outgoing queries / correspondences will be USD 1,000.
The AML & CTF Preventive measures include:-
1. Registration of business with the VFIU
2. Appointment of AML /CTF Compliance officer
3. Establishment and maintenance of AML & CTF Procedure manual
4. Establishment and maintenance of Customer Due diligence
5. Establishment and submission of transaction report to the VFIU
6. Establishment and maintenance of Independent Audit System
If you would like their office to draft your AML & CTF Procedure manual, our professional fees will be USD 1,000.
Should you require any further information or assistance, please order the special package we have created that will supply all you need to have your Vanuatu forex license and your company set up for $9950 - $11950. Beware of other Vanuatu forex trading license intermediaries who will steer you to a cheaper deal, but you can suffer afterward with legal problems from their work. We are not a jack-up-price intermediary, but give you information so you can have everything you need to obtain a forex license and be successful afterwards.
Get your special information package when you click here. Thanks for meaningfully engaging in a paid relationship to acquire your Vanuatu forex license and doing it with the most trusted legal firm on the island of Vanuatu. Contact them today so you can get started soon.