Vanuatu

Vanuatu offers a cost-competitive option for starting an FX and CFDs brokerage, attracting companies seeking a budget-friendly location. Vanuatu allows for a wider range of financial products and services compared to some stricter jurisdictions.

The Vanuatu Financial Services Commission (VFSC) offers a streamlined licensing process, allowing for faster business setup. The regulatory framework in Vanuatu is known for its flexibility, catering to the specific needs of various brokerage models. While the VFSC is less established than some regulators, it is known for its focus on attracting businesses and fostering a business-friendly environment. The VFSC is doing major efforts to improve transparency and international cooperation, addressing concerns about its reputation.

Tax Haven Status: Vanuatu boasts a highly attractive tax regime, with no corporate income tax, personal income tax, capital gains tax, or VAT.
Relaxed Exchange Controls: Vanuatu allows for greater freedom in international financial transactions, simplifying operations for global brokerages.

Get in touch with us to learn more about Heaving a FX CFD license in Vanuatu

Jurisdiction: Vanuatu
Regulator: Vanuatu Financial Services Commission (VFSC)
License Name: Financial Dealer (Classes A, B & C)
Products Allowed (CFD on all/certain assets): FX and CFDs
Activities Allowed (Broker/MM): Market Maker & Broker
Passporting: N/A
Leverage Limitations: None
Structure requirements (#shareholders / director/officers, MLRO): Vanuatu International Company (to hold the license); Vanuatu Local Company for susbtance (local bank accounts, local employees, etc..); Minimum of 1 Shareholder; Minimum of 2 Directors (1 of them to act as License Representative); 1 Local Manager;
Basic requirements (business plan, website. demands from UBO, professional background: Detailed business plan incl. 3 years financial forecast. UBO to have at least 5 years of FX/CFDs experience (or equivalent); Directors to have at least 5 yearss of FX/CFDs experience
Local Physical Presence (Local Office and Local Staff): Local Company, Local Office and Local Manager are mandatory
Insurance: Professional liability insurance is mandatory
Clients' Funds Segregation: Mandatory (must open 2 bank accounts - 1 Corporate and 1 for clients' funds)
Corporate Income Tax Rate: 0%
Minimum Capital Requirement: 5M Vatu ($42,000 approx.)
Time Frame for License Issuance (as of submission): 3-6 Months
Regulatory leniency level (basic, intermediate, complex): Intermediate
License Validity: Valid for 1 year; Must be renewed annually
Reporting Frequency (Monthly/Quarterly/Annualy): Quarterly reports; Annual Report; Annual AML Report; Annual Audited Financial Statements; Supporting Documents for License Renewal

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