OBTAIN THE LICENSE

These are the documents we need to establish the Vanuatu company International

Business Company (IBC):

1. Step: Company Setup

For the company setup we need via email:
- Passport scan high resolution in color with minimum 300dpi for the director and shareholder
- Recent proof of address/utility bill color scan minimum 300dpi for the director and shareholder

2. Step: Licensing Procedure

For the licensing we will need in original at our Vanuatu office:

For the Representative securities Dealer / Director we would need in original and upfront via email:

- Notarised passport copy
- Criminal Record / Police Clearance Certificate in Original (if you need a request letter we can arrange it from the regulator after the company has been established)
- Original bank statement reflecting/displaying at least
US$50,000 on it with customer's name on it and recent transaction of the last month (if the Director pays theUS$50,000 securities deposit)
- Simple proof of address/utility bill not older than 2 months with name and address on it in original
- CV undersigned with 2 business references reflecting knowledge and skills from previous or current employers
- Undersigned paperwork (you will receive from us)
- Names and birthdates of close family members (siblings, father, mother, children)

For the shareholders we need in original and upfront via email:

- Notarised passport copy
- Proof of address/bank statement in original not older than 2 months
- Original bank statement reflecting/displaying at least US$50,000 on it with customers name on it and recent transaction of the last month (if the UBO pays the
US$50,000 securities deposit)
- Names and birthdates of close family members (siblings, father, mother, children)
- CV undersigned
For the Compliance Officer we need in original and upfront via email:
- Notarised passport copy
- Simple proof of address/utility bill not older than 2 months with name and address on it in original
- Criminal Record / Police Clearance Certificate in Original (if you need a request letter we can arrange it from the regulator after the company has been established)
- Names and birthdates of close family members (siblings, father, mother, children)
- CV undersigned

For the company to prove the operational functionality of the infrastructure following is needed:

- MT4 Draft Agreement that the company will use Metatrader – via email signed
- Sub rental contract between your current and the new Vanuatu company to use the common office space outside Vanuatu – via email signed
- Telefon / Internet-Draft Agreement between you or your current company that the Vanuatu company will use the existing internet and telephone lines – via email signed
- Draft Agreement bank account/payment provider account opening – you will receive from us – via email signed
- Draft Agreement with Liquidity provider that your Vanuatu company will use LPs or Brokers in order to settle and place positions in the market (this is to prevent that companies doing 100% B Book business). – via email signed
- Description of the business, its customers, its potential target markets etc

3. Step: Pre-approval and Payment of the Securities Deposit

- After VFSC has given pre-approval the securities deposit needs to be paid to the regulated Corporate Services provider that will issue a cheque to the VFSC in order to cash the fund and to issue the Security Bond Certificate

4. Step: Bank Acc and Payment Account Openings

- The customer receives all documents for bank account and payment provider account openings. Need to be undersigned and returned via courier to Vanuatu in order to proceed.

5. Step: Confirmation of the License

After a license has been granted the following issue needs to be solved within 2 months:

- Applying for Professional Indemnity Coverage for the Representative Securities Dealer or the Vanuatu company directly. Proof of Application needs to be submitted
- Insurance policy copy should be provided within 3 months after the license has been granted to the Vanuatu Financial Services Commission. Customer needs to contact his insurance broker or any insurance company he wants to go. No minimum coverage, but we recommend to get covered for at least US$250,000 to satisfy the regulator.