Allied Fintech provides consulting and development services and strategic partnerships for a range of services in the finance and finance related industry, namely:
Allied Fintech provides consulting and development services and strategic partnerships for a range of services in the finance and finance related industry, namely:
Allied Fintech provides a comprehensive service for financial licensing, compliance, operation and management, policies and procedures, sales and marketing and business development.
No financial institution can conduct a business without first obtaining a financial license and registration from the country or state in which it intends to operate. However, applying for a financial license involves a rather lengthy process, not to mention the long list of requirements you need to comply with. But there is a far better solution that will save you from having to handle all the work by yourself.
Whatever type of license you need and whichever jurisdiction you prefer, we can help you obtain not only the financial license you need, but also the supporting business services you may need to operate and grow your business.
Our team’s knowledge and expertise in the financial services industry enables us to provide the best possible solution for all your needs. We are able to provide you with the required information to make the best decision of which license and jurisdiction is best suited to your businesses specific goals and objectives, which includes the criteria, requirements, costs, process, documentation, timeframe and ongoing obligations to obtain a financial license and operate in different jurisdictions.
Vanuatu is an island republic in the South Pacific Ocean. Agriculture, tourism, offshore financial services, and international donor help, are the mainstays of its economy. The Vanuatu vatu (VUV) is the country’s currency.
In terms of financial stability, Vanuatu has seen consistent economic growth in recent years. However, it remains one of the Pacific region’s least developed countries. The country has a low GDP per capita and relies on foreign aid for development projects.
In terms of forex, the Vanuatu vatu is not widely traded on international currency exchange markets. It is mostly used for intra-Vanuatu commerce. The Reserve Bank of Vanuatu manages the country’s currency rate policy and oversees foreign exchange transactions.
Vanuatu is an island country located in the South Pacific Ocean. The archipelago is located around 1,750 kilometres east of Australia, 500 kilometres north of New Caledonia, west of Fiji, and south of the Solomon Islands. Vanuatu is about 2.5 hours by plane north of Brisbane and 3.5 hours by plane from Sydney, Australia.
According to Worldometer, the current population of Vanuatu is 327,429 as May 2, 2023.
Bislama is the primary language spoken by the majority of Vanuatuans.
It is a hybrid of English common law, French civil law, and indigenous customary law.
To perform their business legally, forex brokers and securities dealers must get a licence from the Vanuatu Financial Services Commission (VFSC). The licencing framework specifies the requirements, obligations, and standards that forex brokers must follow in order to receive and keep their licences.
License: Financial Dealers License
Timeframe for Approval: 4 to 6 months
Regulator: Vanuatu Financial Services Commission
Corporate Tax Rate: 0%
Currency: USD
Capital Requirement: $50,000
Paid-up Capital: No legal requirement
Local Director: Only one director (only natural person, no residency restrictions)
Local Shareholder: Only one shareholder (no residency restrictions)
Local Registered Office: Required
Local Staff: Required
Compliance Officer: Required
AML/KYC: Required
Audit: Required
1. Establish international business corporation.
2. Preparation and drafting of shareholder and officer agreements.
3. Preparation and drafting of narrative business plan.
4. Preparation and drafting of current financial statements.
5. Preparation and drafting of 3 years financial projections.
6. Preparation and drafting of personal financial statements for owners.
7. Preparation and submission of application with appropriate regulatory authority
8. Preparation and drafting of responses to regulatory authority
9. Identification and engagement of auditor and forex prime broker.
10. Facilitate opening of bank accounts and payment processors.
11. Preparation and drafting of AML/KYC policies and procedures.
12. Preparation and drafting of client agreements and disclosures.