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Advantages of obtaining a financial license in this jurisdiction:
Labuan offshore company is prestigious and beneficial for any business. Below you can find out how to obtain a brokerage license in Labuan (conditions, nuances and a cost of a Forex license in Labuan).
Licensing of Forex brokers on the island of Labuan requires the preliminary registration of a company with a registered capital of at least $80,000.
Registering a company in Labuan and obtaining a license in Labuan takes about 2,5-3,5 months + 3-4 weeks for opening an account on the island of Labuan and takes place in several stages:
It is important: a prerequisite for obtaining a Forex broker license in Labuan is that the beneficiary has experience in managing client money and investments. During the application process, the local financial regulator - LFSA will invite company employees in Labuan to meet with them and conduct an “interview”.
During a visit to Labuan, officers will be able to go to local banks to obtain confirmation for opening an account. A mandatory requirement is also an annual audit. The entrepreneur must also provide evidence of an amount of approximately EUR 592,000.
You can find out a detailed information about a Forex license and find out how to get it, request for individual advice with IQD Consulting experts.
A Labuan Forex license is issued to experienced professionals, so it is considered a quite valuable.
Our experts will be happy to answer your questions.