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Australia AFS License

Australia AFS License


The Australian Securities and Investments Authority (ASIC) announced that it is formally preparing to deploy its product intervention powers shortly. The Australian financial regulator is aiming to filter out products which it deems toxic to customers. ASIC is concerning the high leverage products like CFDs, and it will likely to be banned or highly supervised.

Whereas the market latest situation, UCG will assist our clients to run their business in completely compliant to avoid the sight of ASIC. Besides, UCG can help you in offshore financial license application and maintenance with gathering all required documentation.

Australian Financial Services (AFS) License authorizes you or your representatives to conduct a financial services business.


WHO NEEDS AN AFS LICENSE


  • Provide Financial Product Advice (commonly referred to as 'advising');
  • Deal in a Financial Product (commonly referred to as 'dealing');
  • Make a Market for a Financial Product;
  • Operate a Registered Scheme;
  • Provide a Custodial or Depository Service;
  • Provide Traditional Trustee Company Services

  • Financial Products:


  • deposit and payment products - this includes basic deposit, non-basic deposit and non-cash payment products;
  • derivatives;
  • foreign exchange contracts;
  • general insurance;
  • government debentures, stocks or bonds;
  • life products - this includes any products issued by a registered life insurance company that is backed by one or more of its statutory funds;
  • managed investment schemes (including simple managed investment schemes as defined in reg 1.0.02) - this includes interests in both registered and unregistered schemes;
  • retirement savings accounts;
  • securities;
  • superannuation - this includes self-managed superannuation funds and a client's existing superannuation holding;
  • margin lending facilities - this includes standard margin lending facilities and non-standard margin lending facilities; and
  • miscellaneous financial facilities.

  • Legal Requirements:

  • Minimum 1 loca directors
  • 1 Shareholder (corporate shareholding is allowed)
  • Responsible manager with relevant academic background and experience
  • Professional indemnity insurance
  • Minimum capital requirement in bank according to different license type
  • Annual audit
  • Business plan


  • Documentation Requirement:

    For each beneficial owner, shareholder, director:

  • A notarized copy of passport
  • A notarized copy of utility bills/ proof of address within three months
  • Clean criminal records
  • Bankruptcy check
  • Shareholding company certificate, company registration and constitution
  • Shareholding company ultimate beneficial owner and director notarized copy of passport, utility bills/ proof of address within three months


  • Director will need:
  • CV dated and signed
  • Educational qualification certificate



  • UCG Services

  • Company formation
  • Bank account opening
  • Selection of local director, responsible manager, license holder, etc
  • Office rental
  • AML CTF program, compliance program and risk assessment
  • Website review for compliance purpose
  • Maintanence after application success



  • Duration to Set Up

    8-12 months