Licence Particulars

1. Year of establishment: 2023

2. License Status: Valid

3. Business scope: payment processing services, payment gateway solutions, cross-border payment solutions

Number of Directors: 1

Number of shareholders: 1

6. Bank Account: Yes

7. Operation status: in operation

8. Payment service providers (Payment Facilitator): Yes

9. Annual operating costs: approximately AUD $737,839

Compliance: Compliance with relevant Australian regulations

Price

1,500,000 AUD

Business Activities Permitted by AFSL Licence

Licensees may engage in the following businesses on behalf of or for financial clients, including but not limited:

1. Provide financial product consulting

2. Trading financial products

3. Market-making services for financial products

4. Operating a registered fund (Registered Scheme)

5. Provide crowdfunding services

6. Provision of hosting or hosting services

7. Providing traditional fiduciary services

8. Provision of pension fiduciary services

9. Provide claims processing and claims settlement services

10. Operate corporate collective investment vehicles and manage their affairs.

Advantages of AFSL

1. Compliance supervision:

Ensure that financial service providers comply with Australian laws and regulations, thereby enhancing the credibility and security of the financial system.

2. Consumer protection:

Maintain high standards of industry behavior to protect consumers from fraud and protect their legitimate rights and interests in accessing financial services.

3 Market Integrity:

Only qualified entities can provide financial services, thereby effectively reducing non-compliance and systemic risks and maintaining market stability.

4. Credibility:

Having an AFSL enhances the company's credibility with customers and partners, demonstrating professional competence and compliance awareness.

5. Market access:

AFSL allows licensees to offer a wider range of financial products and services to better meet the diverse needs of their clients.

Requirements for AFSL

In accordance with the Companies Act (Corporations Act) and ASIC's relevant guidance, AFSL is required:

Australian entity: The company may be 100 per cent owned by a non-Australian person.

Directors: ASIC generally requires at least two directors, one of whom must be based in Australia. At the same time, a director with experience in the relevant field must act as the "Responsible Manager (Responsible Manager)".

Australian public officials (Public Officer): According to the requirements of the local tax department, the enterprise must have an Australian citizen and have an accounting background to hold this position.

Corporate Bank Account: AFSL licensed companies are required to open and maintain corporate bank accounts.

Steps to acquire AFSL

Step 1: Collect information

Step 2: Submit the deposit

Step 3: Accept company documents for due diligence

Step 4: Submit Remaining Money

Step 5: Change Company Name

Step 6: Change of Directors and Ultimate Beneficiaries

OUR SERVICES

1. Document collection and processing

We collect, review and organize all relevant documents to ensure that the license transfer process is smooth and compliant with regulatory requirements.

2. Local staffing arrangements

We can assist in locating or arranging for qualified local directors and responsibility managers to help you meet ASIC's experience and residence requirements.

3. Bank account opening assistance

If required, we can provide you with the support you need to open and maintain an AFSL bank account.

4. Follow-up maintenance

Once licensed, we can continue to provide you with compliance support, including monitoring regulatory developments, conducting annual reviews and assisting with license renewal to ensure that your AFSL remains in good condition.