British Virgin Islands Forex License
HOW TO OBTAIN FOREX LICENSE IN BVI
Regulatory authority Financial Services Commission
The legislative framework
In 2010, the Commission approved a new Act on securities and investment activities. This Act enacted a number of requirements and regulations that control the activities of brokers and investment companies that were not regulated before 2010. The Act on securities and investment activities consolidated all financial activities, dividing it into sectors, established its regulation.
The form of company under the new Act
BVI Business Company
Output and circulation of the securities, shares, bonds, options, futures, CFDs and other similar instruments
Time for obtaining a license
3 months from submission of full package of documents to the Commission (including the period for company establishment)
The Commission considers the acceptable minimal authorized capital of $ 1,000,000
The authorized capital cannot be used in company operating activities.
Audit is required. Auditors company must be approved by the Commission.
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SBSB offers help in obtaining brokerage license in British Virgin Islands and other jurisdictions. See the list of jurisdictions below.
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