A little known group of islands located in the Pacific Ocean near Australia, Vanuatu is one of the hidden gems of the Pacific Ocean.

The country has not seen complete commercialisation as many of the other Pacific islands which make it an ideal holiday destination for any traveller seeking solace and tranquillity. The island has a peaceful and stable government which makes it highly attractive for travel and investment. The Government of Vanuatu has recognised financial services as one of the prime areas which can bring in more investment to the country.

This had led to the promulgation of detailed and flexible regulations in the country which provide the much need legislative assurance for foreign investors who flock the country.

With zero income tax, withholding tax and Capital Gains Tax, Vanuatu is the ideal destination for financial investment and for use as a business base. The financial services sector in the country is regulated by a uniform regulator called the Vanuatu Financial Service Commission reducing regulatory hassles.

Of late, Vanuatu has also emerged as a preferred Licensing destination for Forex Business Licenses owing to the fast and relatively low cost for the licenses.

The entire licensing process can be divided into three main parts:. The most preferred company form for a Forex License is the Vanuatu International Company. The Vanuatu International Company is formed under the International Companies Act and has important qualities of confidentiality and tax free status. The registration of a company can take place within a very short time period normally around months and after registration, we can immediately proceed to the next steps.

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After formation of a company, the next important step is the opening of a bank account in Vanuatu for conducting business. The bank accounts can be opened in two prominent banks:. The documents for KYC Know your Customer requirements for the banks are as follows:. The account opening duration depends on a case to case basis, but it is relatively on par with global standards. The penultimate but probably the most important step is obtaining a Security License which is necessary for Foreign Exchange trading in Vanuatu.

The licenses are granted by the Vanuatu Financial Services Commission and are governed by the Dealers in Securities Licences Rules.

The applicant has to be made by a natural person and not a legal person and the applications have to be accompanied by the following documents:. Recently the Government has also brought new legislations called the Prevention of Fraud Regulations which are meant to protect the interests of investors and need to be mandatorily complied with.

The Financial Intelligence Free no deposit bonus forex binary options brokers is the new organisation entrusted with ensuring compliance with Anti Money Laundering rules.

Registration and compliance with AML rules is mandatory and the following documents have to be submitted:. A compliance officer merrion stockbrokers nominee limited has to be appointed and regular submissions may be required. The registration process in simple download stock quotes from yahoo finance we can complete adx color forex indicator on your behalf.

Forex Trading is a new and untapped business area and Vanuatu is the ideal destination to start a registered forex business. The low cost of the licenses along with confidentiality and business friendly registration process makes it your preferred business jurisdiction.

Empire Legal has a team of experts who can guide you through all the stages of licensing while you can focus on your business. The Forex Licensing Experts at Empire Legal will assist you at every step and posses the necessary on ground experience. We offer clear written contract agreements clearly mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.

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Path towards a Vanuatu Forex License The Government of Vanuatu has recognised financial services as one of the prime areas which can bring in more investment to the country.

The entire licensing process can be divided into three main parts: Incorporation of the company Opening bank accounts Obtaining the securities license and Financial Intelligence Unit Registration. Incorporation of the Company The most preferred company form for a Forex License is the Vanuatu International Company.

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The main features of these companies are: The shareholders can be one or more natural or legal persons and do not need to reside in Vanuatu. One or more managers may be selected for the company and they need not reside in Vanuatu.

Resident directors and agents can be appointed in Vanuatu on the payment of a small fee as specified in law.

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Bank account opening in Vanuatu After formation of a company, the next important step is the opening of a bank account in Vanuatu for conducting business. The bank accounts can be opened in two prominent banks: National Bank of Vanuatu which provided a low account opening and maintenance fee with a Debit Card.

Pacific Private Bank which does not provide a Debit Card and is more expensive in terms of fees and charges. The documents for KYC Know your Customer requirements for the banks are as follows: Name of the Shareholder s Address of the Shareholder s Name of the Director s Address of the Director s Number of shares to be issued Initial value of the shares to be issued Currency of the share capital Currency of the bank account to be opened if relevant Name of the signatory ies on the bank account if relevant The following details of the company are also required: Obtaining a Security License.

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