Start your forex broking business in Labuan
Labuan, Malaysia, a relatively new entrant in the field of forex broker licensing, has grown in stature to become a globally recognized jurisdiction for obtaining a forex license. A Money Broking license in Labuan, Malaysia provides forex brokers with several advantages over other jurisdictions, including relatively low capital requirements, access to quality banking and PSP options, and a quick license approval process. Labuan companies are permitted to own controlling stakes in domestic Malaysian companies and to conduct shipping operations with non-residents. Continue reading to learn why Labuan, Malaysia is now on the radars of both new and established forex brokers.
Forex in Labuan
Forex Solution provides a complete solution for Labuan FSA and Malaysian forex company formation.
1. Apply
Apply for a forex asset manager license with Forex Solutions
2. Register
Register your new business successfully.
3. conditional requirements
Provide all documents required by the FSA for license approval.
4. Start
Set up your Forex business at Labuan.
5. Time Frame
The licenses are generally approved in 2 – 3 months.
Hire a Dedicated Developer
Hire NowDocuments Required
- A physical presence in Labuan is required and at least two local employees.
- Notarized copy of passport (Should be notarized in English)
- Utility bill for the previous three months (Should be notarized in English)
- Bank reference letter for a director/shareholder
- Reference letter from a lawyer
- A duplicate of the educational degree certificate (Should be in English)
- CV of a Director/Shareholder
Minimum Paid-up Capital Required
- The minimum capital requirement is 500,000 Malaysian Ringgit ($120,000).
License Renewal Cost
- NA
Note: Ad hoc additional documents may be requested from any authority or institution at any time during the process.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
