FSU
Grade D
Financial Service Unit · Dominica · Official register
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Authorized capital
50,000+
required to operate
Time to obtain
3-4 Months
typical licensing process
TrustFinance grade
of A to D
Requirements to get licensed
Main requirements
- Company documentation, such as copies of the founders' passports.
- The company's founding materials.
- A detailed business plan presenting key operating assets, market strategies, financial estimates, and risk management measures.
- A detailed risk control plan.
- Photocopies of passport details of shareholders, management, and other key personnel.
- Residence registration documents for shareholders, executives, and important team members.
- Professional references of senior staff showing their professionalism and experience in foreign exchange operations.
- Criminal record-free identification for shareholders, management, and key executives.
- Detailed AML/CFT compliance materials, detailing relevant corporate regulations.
- Proof of identity and residency.
- Submission of bank and professional references.
- Passing a criminal background check.
About this regulator
The Financial Service Unit of the Commonwealth of Dominica is a regulatory body tasked with overseeing and regulating the non-banking financial sector. Its mandate includes ensuring the integrity and stability of Dominica's financial system, compliance with international financial standards, and the prevention of money laundering and terrorist financing, thereby promoting a secure environment for investment and financial activities.
Companies holding this license
Companies on record, each linking to its verification page.