License Requirement

For Banking institutions;

1. Local presence (Physical office, Senior manager)
2. Shareholders
3. Managing Director
4. Compliance Officers
5. Minimum Capital Requirements 5,000,000 EUR

For Financial Service Institutions

1. Local presence (Physical office, Senior manager)
2. Shareholders
3. Managing Director
4. Compliance Officers
5. Minimum Capital Requirements (trade on their own account) 730,000 EUR
6. Minimum Capital Requirements (do not trade on their own account) 125,000 EUR

Document Requirement

For Banking institutions;

1. Business Plan
2. People Proofs of each of 'key person'
3. Statement of Personal Income
4. Certificates of Non-Criminal Record and Non-Bankruptcy
5. Excerpts from the German Central Trade and Industry Register (Gewerbezentralregister)