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The Cook Islands first licensed online foreign exchange money changer

Oct 02, 2018

Offshorelicense LTD is happy to announce that recently one of our clients became the first licensed online exchange money changer in the Cook Islands. We are very grateful to our client for such a high level of trust and considerable patience shown during the process of obtaining this license.

Rest assured, we will assist and guide you through the entire process of incorporation, license application and other related processes.

The Cook Islands is an autonomous island country located in the South Pacific Ocean. It is in free association with New Zealand and consists of fifteenth separate islands.

The Financial Supervisory Commission (FSC) is a local financial regulator which, as of July 2003, replaced the former Off-shore Financial Services Commission. It is worth pointing out that all money changer’s and remittance licenses are issued under the Money-changing and Remittance Business Act 2009.

The money changer’s and remittance license allows a company to conduct money changing business. However, it is highly important for all applicants to be able to comply with the requirement to maintain permanent place of business in and conduct all of the operations from the Cook Islands. Set-up of additional places of business outside of the Cook Islands is not allowed unless an additional approval is grated by the FSC.

Each shareholder, director and / or other competent employee of the applicant should be a fit and proper person to hold that position.

Click on the banner below to find other useful information regarding the process of obtaining a Cook Islands Money-changing Business License.

cook2.PNG Offshorelicense will help in all of your endeavors!

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