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Safa

Corporate Services
Jan 26, 2009
236
17
18
52
Israel
Just got informed that for now you won't need any license if you accept monies from customers to pay some brokers or currency traders.


This is great news and I'm sure not many are aware of this!
 
Sure Safa, you should have mentioned that if you go for a BVI company formation now and you have the activity you mentioned, then soon a Law will be passed on to those business which will require a license, however, no one know when this will be and if they will make any checks on this once the law comes.
 

Safa

Corporate Services
Jan 26, 2009
236
17
18
52
Israel
The sad truth is that you will need a license even in the BVI if you run a Invetsment firm and take on 3rd parties money :(
 

JohnLocke

Forum Moderator
Staff member
Mentor Group Gold
Elite Member
Dec 29, 2008
13,385
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6,543
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Belize
Most offshore jurisdictions will require a license for such activity, only if you don't handle 3rd party monies (private investment) you won't need a license.
 

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