British Virgin Islands Brokerage license
British Virgin Islands (BVI) is one of the most popular brokerage jurisdictions because companies there do not need to pay profit, corporation and capital gains tax. To obtain a British Virgin Islands brokerage license a company needs to send an application to the British Virgin Islands Financial Services Commission, which is responsible for issuing brokerage licenses for trading market operations.
Requirements
- At least one shareholder (no residency requirements, can be a legal entity);
- Two directors (no residency requirements, can be a legal entity);
- An auditor to submit annual statements;
- An agent in the BVI to communicate with the regulator;
- The authorized capital can vary from 100,000 USD to 250,000 USD.
