1.CIMA has many perfect rules and regulations, such as anti-money laundering system, strict regulations on the protection of customers' funds, strict regulations on net assets, strict requirements on enterprise management, strict monitoring and suspicious reporting requirements, etc. Foreign exchange brokers may be put forward higher regulatory requirements and be in a clear and transparent regulatory environment.
2.CIMA and FCA are very similar in some terms, and these similar terms, such as strict statutory header requirements for customer asset accounts, ensure that funds are deposited in the customer's name; Foreign exchange brokers should regularly carry out daily liquidation and reconciliation of client funds, which can better protect the safety of client funds.
3.CIMA requires that customers' funds must be completely separated from the company's funds, so that customers' funds will not be misappropriated. This, similar to the requirements of FCA, is one of the few regulatory agencies in the world that does not allow any fund isolation exemption.
Do I need to apply for a financial license to apply for Cayman Limited Partnership (ELP)?
Closed-end funds basically do not need a license, depending on how customers actually operate the fund and whether they need public offering. Or will investors surpass 15?
The requirement of financial license in Cayman Islands generally refers to registration with CIMA (Cayman Islands Monetary Authority). This kind of registration is generally 15 above the investors in the Cayman Fund.
Information required to apply for a financial license for the establishment of Cayman Company:
1, name of Cayman Company
2. Scanned F certificates of all shareholders and directors of the company.
3. Scanning photos taken by Hu
4. Signature scanning of directors and shareholders.
Cayman usually has the following purposes:
1. Raising private equity funds: including raising venture capital/angel funds, real estate funds, M&A/ investment funds, reconstruction/difficult enterprise funds, etc.
2. Tax planning: for example, it is used to hold assets in different regions.
3. Meet special needs: For example, investors only want to contribute and bear extremely limited responsibilities.
Applying for CIMA license also needs to submit a series of necessary documents: internal and external process manuals, compliance procedures and detailed business plans. Although the company information is confidential, it is still necessary to provide financial information and enterprise operating institutions to the regulatory authorities.
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We UCG provide professional application scheme for overseas regulatory license, and we work closely with local authorities, law firms and other legal entities to ensure that your company meets the requirements and can obtain official license.
Business scope: application for American MSB license, Canadian MSB license, American NFA license, Estonian MTR license, Australian AUSTRAC license, Australian ASIC license, British FCA license, Seychelles FSA license, Singapore MAS financial supervision license, foreign exchange license, Cayman license, Saint Vincent license, Vanuatu license, financial license, Cyprus CySec license, Belize IFSC license, New Zealand FSP and FMA license, Seychelles FSA license.