Obtaining brokerage license in Australia

Stages:

• Contacting Law&Trust. The process of submission of the application is discussed with the client, and together we compile work plan and allocate tasks for their prompt execution. The counterparty chooses the necessary services from the list, and initial exchange of documentation is conducted, as well as power of attorney is provided for our specialist for the subsequent collection of documents.

   

  In certain cases, the commission may request subsidiary documentation to confirm work experience or knowledge of the beneficial owners in the financial sector.

  Obtaining brokerage license entitles to trade the options on stock exchanges that are controlled by Australian law. If it is necessary to expand the business to other regions, it is necessary re-submit application to foreign jurisdictions.

  The main condition is the authorized capital in the amount of 1,000,000 Australian dollars.

  Consideration can last from 6 to 12 months. It is worth noting that the Australian legislation does not provide for specific time frame for making decisions on the issuance of brokerage licenses, so the process can be delayed. Transfer of documentation. Professional translators make interpretation of the main pages of the forms, all documents are certified by the notary, and then sent to the foreign jurisdiction. Collection of the package of documents. The package can include up to 40 different references, copies, forms and statements. The lawyers of our company guarantee prompt and complete collection with verification of all received data for veracity and compliance with the regulations of Australia. Compiling the list of documentation. Forex is a vast structure, where each broker works with certain set of options and instruments. The list of documents is compiled after clarifying all the details of the business strategy.