Vanuatu Forex License
FX brokerage services are regulated by the Financial Dealers License Act [CAP 70] effective from 16 June 2017. We assume would be trading using a Vanuatu entity, but not in Vanuatu, in this case a Vanuatu international company would be appropriate entity (it cannot conduct business in Vanuatu)
An application can be made for a Financial Dealers License under this act by a Vanuatu international company or by an individual, who is a Director / Officer of the company.
An application for a Principal’s Licence takes approximately 10 days to 2 weeks to process. The licence is renewable annually by completing an application again and paying the yearly fee.
More information and the quotation you can obtain from BRIS GROUP professional advisers.
Vanuatu LTD Formation Requirements
and General Obligation for Financial Dealers License
| Company Formation | Request a Quotation |
| Type of entity need to be required to be eligible for Investment Dealer license | International Business company |
| Constitution | Constitution is required. |
| The timeline for incorporating an International Company | From 1 week |
| Directors | Can be appointed from any nationality and country |
| Corporate director | Corporate director is allowed |
| Annual Meetings requirement | No annual meeting is required |
| Shareholder | Both individual and corporate bodies are allowed to be shareholders |
| Registered agent | Yes, licensed registered agent is required |
| Registered office | Must at all times have a registered office in Vanuatu |
| Minimum capital | No minimum capital requirement |
| The value of shares | Either par value (which may be stated in more than one currency) or no-par value shares. |
| The form of shares | Registered shares, preference shares, redeemable shares and shares with or without voting rights. |
| Bearer shares | Not permissible |
| Local auditor | Must have a local auditor |
| Local bank account | Local bank account is not necessary to open |
| Annual tax return requirements | Must file an annual tax return with the Mauritius Revenue Authority (MRA); |
| Requirements for audit | Must file audited financial report, not later than 6 months after its financial year end |
| Confidentiality and security of Beneficial owners | Names of shareholders and beneficial owners must be disclosed to the VFSC. |
| Public records | No information regarding its shareholding, accounts or activities are publicly accessible |
| The main condition for obtaining a Mauritius Forex license | Request a Quotation |
| Who approves the license in Vanuatu | VFSC |
| The main legal framework | Financial Dealers License Act [CAP 70] effective from 16 June 2017 |
| Time to register a license | Approximately 10 to 12 days time |
| Capital (bond deposits) requirements | Bond deposite 5 000 000 VT |
| Physical office requirement | No, you not allowed to trade within Vanuatu |
| Requirements of local employees | Not required |
| Staff Qualification | Not required |
| Requirements of business plan | Business plan required |
| Double Taxation Agreements | Yes |
| Taxation | No corporate tax |
| Tax on income or dividends | No tax on income or dividends |
| Capital gains tax or inheritance tax | No capital gains tax or inheritance tax |
| Financial Statements | Require to provide quotarly |
