All over the world the potential investors look out for locations to start their money broking business, but we say that Labuan is a great place to start a Labuan money broking business as the Labuan jurisdiction is a financial centre in Malaysia and also provides low tax implications which sound good for the investors. On the other hand, any money broking business does have to abide by the regulatory framework and so does the Labuan money broking entitles too which you as an investor should follow. Here in this blog, there listed two main explanations for the Labuan forex business.
Regulation of the Labuan Money Broking
The license, which you should get for the Labuan forex in the Labuan is called as money broking license that will give your company full flexibility and liberty to act as a mode between buyers and sellers in the trade market. The license issued by the IBFC which is the regulatory authority that regulates all the businesses in the jurisdiction.
Operating Formalities to Get Money Broking License
Now the first formality is that the foreign companies registered in Labuan tend to get a Labuan money broking license should have a physical office in the IBFC. The currency formalities should be processed only by effectively from the firm’s Labuan office. So for those investors who are not residents in the Labuan can’t claim for the money broking license until they own their physical office in the Labuan.
For more information visit us at http://www.simplyoffshore.com/labuan-business-licences/