The direction of Forex is now quite progressive and rapidly developing. Many jurisdictions actively support the introduction of Forex trading, trying to be loyal to brokers and create a clear regulatory framework for regulating their activities. Vanuatu is one such offshore country. To obtain a license for the activities of a Forex company, it is necessary to collect a certain package of documents, observing the requirements of the country. VFSC – authority created to regulate – has formed favorable conditions for such companies, thanks to which you can get many benefits and privileges for doing business in this jurisdiction.

Our company is specialists in the establishment of commercial structures and licensing. We operate worldwide and cooperate with hundreds of jurisdictions. Our lawyers will accompany you every step of the way. We work with many areas, in particular, with crypto licenses in Portugal, gambling licenses in Malta, Forex licenses in Mauritius and many others. With us you may do it in an inexpensive way.

Vanuatu Forex license requirements

To apply for a license, you must first officially register the company. This is followed by the process of collecting the document and sending them to the regulator. In addition, a list of general requirements can be formulated and presented as follows.

1. The company must have a physical presence in Vanuatu.

2. Must have a verified source of income.

3. Mandatory compliance with all AML regulations and policies.

4. The regulator should be notified of any change of ownership or transfer of shares if the stake exceeds 15%.

5. A deposit of $50,000 must be paid.

6. It is important to draw up a firm’s work policy and risk management.

7. At least one director must have seniority and relevant experience in the financial sector.

8. The business plan is submitted along with the application.

9. There is a fee for registering a company.

In addition, you need to prepare an appropriate package of documents, which differs depending on the type of company. The total number of documents included in it are as follows:

• copies of passports of the founders of the company, directors and beneficiaries;

• certificates of no criminal record and bankruptcy;

• recommendations from banks;

• address confirmation;

• diplomas and other documents that are proof of experience and qualifications;

• financial plan.

All documents must be notarized and translated into the language required by the regulator