If you decide to do business in the financial or capital markets, you must have a license to operate even in offshore jurisdictions. Companies registered in Mauritius can apply for a license that allows them to operate legally with options, securities, and futures. It is also the document that authorizes companies to trade in foreign exchange markets.
Mauritius Financial Services Commission (FSC) grants Mauritius Forex license to companies. This body regulates the non-banking financial services sector, insurance market, pension fund, and other businesses. The regulatory body is responsible for licensing companies that meet the government's requirements and submit the following documents along with the application:
Companies registered in the state may apply for one of the following financial investment licenses:
A Mauritius Forex license will only be granted to companies meeting certain requirements regarding personnel. In particular, it concerns the presence of:
Licensed companies must be audited annually and submit financial statements.
If the FSC grants a Forex license Mauritius to a legal entity, the company will be able to:
There are several types of financial licenses in this state, but you should apply carefully: if the FSC has doubts that the company will be able to fulfill its obligations, the list of available services under the license may be reduced.
Forex license Mauritius will not be granted to companies that do not have a real office in Mauritius. The same applies to the bank account, which must be opened in any bank of the Republic of Mauritius.
By contacting our company, you are entrusting the process of licensing companies to the hands of professionals. Our specialists will prepare the documents required for licensing, provide you with qualified legal advice, and handle the issue of licensing your Forex company in the Republic of Mauritius.
If a Forex broker is planning to expand activities in the European Union, Cyprus is usually chosen for this purpose. It is one of the most suitable jurisdictions because it is possible to obtain the Cyprus Securities and Exchange Commission (CySEC) license there. It allows brokers to legally operate, take customer deposits, and perform other legal actions in the territory of any EU member state.
Forex licensing requires the applicant to comply with certain requirements and conditions and submit a set of documents. Business owners choose Vanuatu for obtaining such a license as the Financial Services Commission (VFSC) has established the most favorable conditions for licensing companies in this jurisdiction. The regulatory authority may grant a license of one of three classes, each of which provides business owners with certain privileges and advantages.
The proof of the legality of the brokerage firm engaged in securities transactions on behalf and/or at the expense of the client is the license. Investors and traders give preference to licensed financial intermediaries as they realize that there is no sense to count on any legal recourse if a conflict of interest situation arises with an illegitimate broker.
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