About the country
Over the period of time, New Zealand has turn out to be a famous location for Forex brokerages due to the limited barriers in entry and its access to the Asia-Pacific area. It was possible for companies who wished to offer FX services in New Zealand without even having an office in the jurisdiction back then. Appearing on New Zealand’s Financial Service Provider register (FSPR) is not like being regulated in New Zealand allowing firms based in other countries attain the FSPR status. Forex license in New Zealand allows providing worldwide financial services without strict requirements.
About Licensing Body ( New Zealand’s Financial Service Provider register (FSPR).)
Introduced back in 2010, the Financial Service Providers Register has given unregulated OTC brokerages and new start-ups the opportunity to gain credibility and accrue customer confidence without facing the significant regulatory barriers to entry which are present in many other developed first world countries. This has been in part made possible by New Zealand’s move to repeal its entire 1995 Banking Act. This is not to say that there are no laws governing the provision of financial services but rather New Zealand is a unique proposition in the sense that is possible for an international firm to be registered in the country without any minimum capital, qualification or supervision requirements.
From The Client
- Certified true copies of passports.
- Address proof
- Bank reference letters for the persons to be the proposed directors and individual shareholders.
- Legal incorporation documents for corporate shareholders.
- trademark applications, IP Agreements and Domain Name Registration;
- website preparation as well as the preparation or review of any other marketing material.
- assisting with the purchase and negotiations for an MT4 server or any other trading platform required
- assessment, review or testing of the entity’s proposed trading platform;
- assisting with the implementation of Know Your Customer (“KYC”) processes or other compliance procedures.