Here is presented AFSL license in Australia for sale!
Overview of AFSL license in Australia for sale
Australian Financial Services License (AFSL) is a unique instrument which is used by a various financial institutions worldwide
By having AFSL for your business you will be able to conduct following activity:
- offer multi-currency accounts
- over-the-counter foreign exchange contracts
- electronic money remittance services
- Debit Card issuance and service
- Crypto Currency accounts and payments
- Insurance services
- Loans and Finance
- Forex
- Investment products
Applying and obtaining forex broker license in Australia is not an easy process. It requires a proper preparation of all documents, business plan, cash-flow forecast, compliance procedures, outsource procedures, internal policies and other important required documents. Our services includes drafting of all needed paperwork by a professional legal specialists.
One of conditions of obtaining forex broker license (for most activities under this license) is registration with AUSTRAC – regulating body for a compliance. This is an additional procedure which is not as complex as license itself, but also requires substantive input.
REQUIREMENTS:
- Australian company
- At least one local director with financial operations background
- Financial stability of shareholders
- Clean criminal record worldwide
NOT REQUIRED:
- Australian shareholders
- Minimum capital
- Security deposits
- Insurance
- Audit
TIMEFRAME:
Paperwork preparation usually takes 3-4 weeks.
AFSL Application review and approval – 1-3 months. The less shareholders – the faster process.
As a standard we indicate 3 months to have license approved and issued.
TAXES:
Taxation in Australia is a complex procedure which can be avoided by using specific accounting software XERO, which would automatically calculate all tax obligations and allows to make necessary adjustments to comply with business activities. Normally there is a NIL tax on most services provided to clients outside Australia. (specific rates for activity can be sourced from our partner-accounting firm)
The AFSL Package we offer includes:
- AFSL paperwork and application
- Company registration
- Australian Bank Account (AUD, EUR, USD)
- AUSTRAC Membership (3 months)
- Nominee Local Director (1 year)
- Office allocation and setup (Desk, PC, phones, printer, signage etc.)
- Office lease (1 month)
- Secretary allocation and employment (1 month wages)
- Company simple website development for AFSL purposes
- First tax department reporting at the end of the year
You can see more interesting offers in the category “AFSL license in Australia”.
