Regulatory Licensing


Valor’ specialist expertise can provide bespoke, practical and professional solutions for clients looking to get authorised in various jurisdictions around the has a wide expertise on assisting Investors interested in acquiring differentworld. We serve clients across all areas of regulated activities, ranging from simple consumer credit activity to margin forex, investment management, securities brokerage, banking, venture capital, private equity, corporate finance to capital introduction:


Valor provides:

First-class package solution that ensures a successful registration with the local authorities.

  • Consulting Session to understand clients' specific needs
  • Application Submission
  • Company Formation
  • Bank Account
  • Assistance with Executive & Non-Executive Directors
  • Office Accommodations.

Valor's international and local professionals are versed with the regulations.We will dedicate our time to assist you through the processes of obtaining licences by offering tailored solutions. We possess substantial experience within the fields of financing, accounting, compliance and marketing enabling us to offer bespoke solutions to cater your needs. We firmly believe honesty is the most fundamental values in our organisation and we show our belief through transparent communications.


Australia Financial Services License of ASIC


You must have an Australian financial services (AFS) license to conduct a financial services business. If you carry on a business of providing financial services, you must hold an AFS licence (unless you are exempt or are authorised to provide those services as a representative of another person who holds an AFS license).

You may need an AFS licence if, as part of your business, you:

  • provide financial product advice to clients
  • deal in a financial product
  • make a market for a financial product
  • operate a registered scheme
  • provide a custodial or depository service, or
  • provide traditional trustee company services.

You will need to have your AFS license or be a representative of a licensee from the day you start your financial services business. Depending on your business, you may decide to apply for a limited AFS license. ASIC assesses applications for AFS licenses as part of our role as regulator of the financial services industry. Consumers should be aware that the licensing process is a point-in-time assessment of the licensee, not of its owners or employees. Holding an AFS license does not guarantee the probity or quality of the licensee’s services. In recent developments, China and Australia have concluded the China-Australia Free Trade Agreement (ChAFTA) last November. This is a significant step in the economic development of both nations as the benefits of introducing an FTA provides substantial benefits such as lower to no tariffs. In 2013, China's total investment in Australia increased by 41.2% with a net investment inflow of $8.8 billion. Australia's open and transparent market system provides boundless opportunities for foreign investors to invest in its market and our business acumen will guide you through building your personal mark.


United Kingdom Financial Services License of FCA


Financial Conduct Authority (FCA) of UK devotes significant time and resources to international engagement, to the work of global standard setters and other global bodies. FCA is the member of:

  • the International Organisation of Securities Commissions, and
  • the International Association of Insurance Supervisors

FCA also contributes to the UK’s membership of the Financial Stability Board (link is external) (FSB) and to the Government’s work with the Financial Action Task Force (link is external) (FATF).

In addition, FCA is a member of the International Financial Consumer Protection Organisation and it participate in certain workstreams of the Organisation for Economic Co-operation and Development(OECD).

FCA aims to ensure that firms have their customer's well being and best interests at the core of their business. FCA's three main objectives have been created in order to help achieve this; protect consumers, protect financial markets and promote competition.

Once regulated, FCA will continue to work with you and your company to maintain high standards of conduct and avoid disciplinary action. Credit can be given for assistance in unraveling potential misconduct and help in conducting enquiries. FCA aim to ensure consumers get a fair deal and also to encourage healthy competition and reduce market abuse for firms.

FCA measure and evaluate their performance continuously aiming to improve. They are as open and accountable as possible, and consider the principles of good regulation during their operations.


Cyprus Investment Firm License of CySEC


The financial services regulatory body in Cyprus is the 'Cyprus Securities and Exchange Commission' (CySEC). Being a member of the EU, Cyprus is in full compliance and duly harmonized with the EU Markets in Financial Instruments Directive (MiFID).

During the last 5 years Cyprus has established itself as an excellent Forex environment and a financial services jurisdiction. Cyprus' EU membership and its MiFID harmonized status enables CySEC regulated Firms to an immediate access and easy set up in prestigious financial markets within the EU (London, Frankfurt etc.).

With Cyprus becoming a part of the European Union, companies who have CySEC are able to operate freely throughout all European Union countries under MiFID (Markets in Financial Instruments Directive) regulation. Another attraction is that Cyprus has the lowest Corporate Tax rate out of all European Union Members.

CySEC envision that their securities market in Cyprus will be the safest, most reliable and attractive investment destination.

Advantage:
  • EU licensee.
  • We can open bank accounts for company/clients in EU banks, Switzerland etc…,
  • low corporate tax (12.5%),
  • 0% tax for corporate gain,
  • investors compensation fund for 20 000 EUR for each client,
  • via MiFID pass porting company (with CySEC license)can open branch in any EU country.

New Zealand FSPR


The Financial Service Providers Register (FSPR) is a searchable online register of the people, businesses, and organizations that offer financial services in New Zealand. The FSPR contains important information about registered financial services providers (FSPs), including the types of services they are registered for.

Today no one single jurisdiction is absolutely safe and reliable no matter how well regulated, no matter how reputable, due to today’s changing financial landscape there is absolutely no guarantee that a FSP will not be deregistered no matter what effort is put in to comply with all the regulations.

New Zealand has however legislated for the fast and relatively uncomplicated creation of a corporation, which can operate virtually in the same manner as a bank, whilst avoiding the restrictive controls of banking legislation.

There are a number of challenges being faced by the financial services industry in New Zealand which you should be aware of. These include:

  • Constant increasing regulation where the regulators wish to be convinced that the FSP is actually doing business in New Zealand;
  • Tax compliance and increasing oversight of the income and profits of the FSP and an attempt to deem all income as New Zealand sourced income thus exposing the structure to tax liability; and
  • Increased surveillance of anti-money laundering legislation.
  • In order to mitigate the risks of your structure being deregistered due to non -compliance with any of the above and as well to provide an effective tax solution, we have come up with a structure that optimizes the benefits of a New Zealand FSP registration whilst minimizing the risks and costs associated with a New Zealand jurisdiction.

Our lawyers have years of experience in servicing Forex companies, in several different jurisdictions, including with regards to New Zealand. We can therefore be of assistance both to Forex companies who are sure they need a New Zealand Forex license specifically, as well as to clients who are interested in a Western or Asia Pacific Forex license, but are not sure which Forex license would suit them best. Our experienced lawyers are happy to explain the differences between the different jurisdictions to any client needing this information, and are able to assist with the entire application process, not only in New Zealand, but in various other suitable jurisdictions as well, from EU member states to Hong Kong, Australia and Singapore.

We offer all potential clients interested in Western and Asia Pacific Forex regulation a free consultation, where the client will also receive a free price quote before any commitment is made. We therefore invite you to get to know our expertise for yourself before making any decision!


Belize Financial Services License of IFSC


The Commission relies on self-regulation, meaning that while government sets overall standards, it expects much of the actual work in terms of monitoring and compliance to be done by the industry itself.

The Commission has recently issued licensing regulations to license all international financial services providers. The licensing process is designed to ensure that only ‘fit and proper persons’ are allowed to provide, carry on or transact international financial services in or from within Belize.

The IFSC’ mandate includes:

  • promoting and developing Belize as a center for international financial services;
  • protecting and enhancing the reputation of Belize as an offshore financial center;
  • providing appropriate supervision and regulation of international financial services,
  • formulating policies and providing advice and assistance to the government on the regulation of such services;
  • collecting, storing and disseminating reliable and timely information to interested parties on changes and new trends in these services.

Vanuatu Financial Services License of VFSC


The Vanuatu Financial Services Commission (the "Commission") is responsible for the regulation and supervision of investment business and trust and company service providers. The Commissioner is also the Registrar of Companies, Charitable Organizations, Credit Unions, Trade Unions, Personal Property Securities and Controller of Stamp Duties. The Commission has additional responsibilities including the development of the financial services industry in Vanuatu. While keen to promote the financial centre facilities, the Commission has an unwavering commitment to ensure that the reputation and integrity of the Centre is maintained. Accordingly, laws have been updated and international standards and best practices have been adopted.

Bulgarian License of FSC


Bulgaria has a strategic location, allowing investors to access the entire EU and the markets of central and Eastern Europe. Bulgaria has a predictable and stable economy and government, and boasts the lowest corporation tax in the EU at only 10%; The simplicity of the tax system makes calculations very easy further decreasing your administrative costs. All that combined with lower labor costs mounts up to significant cost savings. Statistics show that our clients decrease their administrative and tax expenses with more than 20% on annual basis; Bulgaria is a European Country so a Bulgarian Financial Services License or Forex License will allows you to operate in all EU.

  • Dividend tax - 5%;
  • VAT – 20%. The EU internal deliveries and the export are free of VAT;
  • Personal income tax - 10%;
  • Bulgaria has a 10% corporate income tax rates only.

Fiji License of FIRC


Company Formation in Fiji is an excellent way for international entrepreneurs to conduct business in one of the world's most rapidly growing economies in recent years. Company formation is the most favorable corporate structure to fulfill your international business objectives.

  • Fiji Company portrays a good image to your Clients
  • Corporate Shareholders are permitted
  • 100% Ownership
  • High confidentiality, no public records
  • No AEOI (Automatic Exchange of. Information) planned
  • Bank account in Fiji
  • Not blacklisted

Cayman License of CIMA


The Cayman Islands are located in western Caribbean, and are known as one of the major financial centers in the world. In contrast to classic offshore jurisdiction, Cayman financial services industry is well-regulated thus having very positive reputation among investors. The company incorporated in Cayman Islands that wishes to conduct brokerage business is required to hold a license granted by Cayman Islands Monetary Authority (CIMA). Investment activities are regulated by the Securities Investment Business Law (SIBL) (latest amendment of2015).

Advantages:

  • Cayman Islands is one of the major financial hubs
  • No local presence required.
  • Bank account can be held in any bank (not necessarily in local bank).
  • No local income, corporation, capital gains, profits or withholding taxes for Cayman exempted companies.
  • High level of asset protection.

Cook Islands License of FSC


The Money-Changing and Remittance Businesses Act 2009 (“the Act”) provides for the granting of licenses to conduct Money-Changing and/or Remittance business from the Cook Islands. The Act provides that the holder of a Money Changing and Remittance license must be a body corporate, and may be an international company incorporated under the International Companies Act 1981-82. Cook Islands offers 3 different types of licenses: Money Changer’s License, Remittance License and Combined License.

  • Money-changer’s license – means a license authorizing the holder thereof to carry on money-changing business;
  • Remittance License – means a license authorizing the holder thereof to carry on remittance business, which accepting money for the purpose of transmitting it to person resident in another country or a territory outside the Cook Island;
  • In order to conduct full brokerage business, you would need to apply for the Combined License .

Labuan License of FSA


Labuan is located to the east of Malaysia, to the south of South China Sea and to the north of North of Brunei Bay is a part of a Federal Territory of Malaysia and it consists of one large and six smaller islands.Labuan offshore company is an outstanding entity for Forex operations, nonetheless in order to gain such value such business vehicle has to be formed properly.


BVI License of FSC


Today there is a great deal of interest from forex brokers looking for a BVI forex license. In 2010 the BVI Financial Services Commission drafted and put into law the Securities and Investment Business Act of 2010, which provided a newly assessed set of rules and regulations for forex brokers and other investment business firms to abide by, that are independent of previous acts. Prior to this, the Mutual Funds Act of 1996 regulated all investment activity in the BVI. The new act has brought all financial activity it up to the correct level of regulation for all investment business. Today, all BVI forex broker licenses are regulated by the BVI FSC.

Although FX broker specific laws and regulations are relatively new to the BVI FSC, they have been dealing with investment firms and issuing FX licenses since the mid 1990’s. They also have many years of experience in regulating both investment firms and forex brokers, through the Mutual Funds Act.


Estonia License


A lot of project developers and businesses have drawn their attention to cryptocurrencies and exchange of this currency. Estonia is one of the most advanced digital nations and also the first country, which has implemented e-residency for global citizens, empowering them to easily set up and run a location- independent business in a trusted EU environment. Therefore, Estonia is being regarded a suitable jurisdiction for setting up a company focused on providing services of the exchange of virtual currency.

Recently a new wording of the Money Laundering and Terrorist Financing Prevention Act has been approved and as of now it specifies a requirement of authorization for providing services of the exchange of virtual currency or custodial wallet services. Cryptocurrency exchange license provides a legal base for operations with cryptocurrency, its exchange for fiat currency and vice versa (exchange of virtual currency), and/or offer customers a virtual currency wallet that creates or maintains client-encrypted keys that can be used to store and transfer of virtual currency.


Mauritius License


The proposed Company will hold 2 types of licenses, namely an Investment Dealer License under the Securities Act 2005, Securities (Licensing Rules 2007 & the Financial Services (Consolidated Licensing and Fees) Rules 2008 and a Category 1 Global Business License (GBL 1) under the Financial Services Act.

A Full-Service Dealer (excluding underwriting) is authorized to

  • act as an intermediary in the execution of securities transactions for clients; and
  • trade in securities as principal with the intention of reselling these securities to the public.

Gibraltar License


Gibraltar is a modern International Financial Centre which (through the UK) is within the EU and benefits from EU directives making it an attractive location for cross border investment. Financial Businesses in Gibraltar also benefit from being able to passport services into other EU states and this makes Gibraltar a popular location for businesses to have their headquarters. In addition, Gibraltar has since 2009 been classified as a "white" listed territory by the OECD as it has signed the relevant number of Tax Information Exchange Agreements (in excess currently of 20). Our clients often explain that were attracted to the Jurisdiction because of the governing law (being largely based on UK law), political stability, a secure economy based in Sterling, the bilingual population & staff and of course the low tax.


Seychelles License of FSA


Seychelles is the 115-island country which is located in the Continent of Africa. It has become a popular place where to set up the offshore company. Since the Seychelles Business Authority is established, Seychelles is rapidly growing financial sector. Seychelles can be recognized as favourable place for incorporating the International Business Company since it can be referred to as favourable jurisdiction where tax advantages exist. The companies incorporated in Seychelles and operating as Securities Dealer are subject to corporate tax rate of 1,5 %. Therefore, Seychelles can be considered as good location for incorporating the company. Since Seychelles is relatively new to financial services, the company incorporation expenses are competitive and incorporation process is fast. As well, Seychelles offers confidentiality regarding directors’, shareholders’ and beneficial owners’ details, and such confidentiality is even protected by the law of Seychelles. Regarding trade restrictions, the International Business company incorporated in Seychelles cannot trade in Seychelles itself. Companies incorporated in Seychelles are regulated under the International Businesses Company Act 1994.


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