International Brokerage license
International Brokerage
The International Brokerage & Clearing House License allow for the license holder to engage in activities such as:
# Stock Brokerage
# Securities Brokerage
# Financial Advisory
# Asset Management
# Fund Management
# Custody Services
# Transaction Clearing
# Payment Processing
# Currency Trading (FOREX)
# Issuance of Securities
# Underwriting of Securities
In order to apply for a license the applicant must first establish an International Business Company (IBC) in MWali. The IBC should have a minimum of one director who can be of any nationality and resident anywhere. The IBC should have a minimum of one shareholder which can be an individual also acting as director or a Company registered in any other jurisdiction. This capital requirement can be satisfied with a financial guarantee.
If you wish to go ahead with the formation of a company you have to meet certain due diligence.
MoheliCorporateServices will proceed with the formation and incorporation procedures no documents will be forwarded to the applicant until the following due diligence materials have been received:
• Notarised copies of operative pages of passport for all persons
• Current bank reference Ideally the reference should reflect a satisfactory relationship for all persons
• Address confirmation by copy of recent utility bill or recent bank statement or major credit card bill (2 different documents) for all persons
• The IBC applying for a license should have a minimum capital of EUR 250.000. This capital requirement can be satisfied with a financial guarantee.
• Business plan.
Ordering procedure:
• Fill our application form and prepare all above mentioned documents for all persons
• Send us all required documents by fax or email that we can check them
• We will issue an invoice with application fee
• When we receive the payment we start to incorporate the company. It will take up to 4 weeks.
• We will send you all the company documents at the time when we receive the annual fee payment.