Company Documentation: Provide all corporate documents confirming the official registration of the company, including founders' passports, education diplomas in finance, and criminal records for beneficiaries.
Business Plan: Prepare a realistic business plan outlining your forex brokerage operations.
AML/KYC Compliance: Ensure that all company documentation is in line with Know Your Clients (KYC) and Anti-Money Laundering (AML) guidelines.
Corporate Bank Account: Open a corporate bank account and provide a utility bill to verify your address.
Physical Office: Maintain a physical office and commit to appointing a board of directors.
Cooperation with Regulator: Once licensed, cooperate with the regulator and ensure compliance with local laws.
The timing
2-4 Weeks
Cost
18000 USD and more
The Securities and Exchange Commission of Myanmar is the regulatory body responsible for overseeing and regulating the country's securities market. Its main functions include ensuring market integrity, protecting investors, and promoting a stable and efficient market environment. The commission sets standards for securities transactions and oversees the operations of securities exchanges, brokers, and other financial entities involved in the securities market in Myanmar.
Securities and Exchange Commission of Myanmar | TrustFinance
