How to apply for the Australian Service License
An Australian Financial Services License is essential for any business or persons providing financial product advice to clients or dealing in financial products such as shares and debentures on behalf of a client or to conduct any related financial services business in Australia. It is issued by the Australian Securities and Investments Commission.
There are other situations where you may also require a license such as offering managed investment schemes to retail clients or providing Trustee company services such as estate management. Once you obtain an Australian Financial Services License, you will also be able to appoint an authorized representative who would be able to operate without further licensing if they comply with your AFSL licensing conditions. It is important to note that an Australian Financial License is essential if you are located abroad and offer services to Australian citizens or residents in Australia.
An application for an Australian Financial Services License is a well-drawn out process and it is highly recommended that you obtain the services of an AFSL Specialist for the process. The process of the application for an Australian Financial Services License starts with the selection of your Responsible Manager. You will also need to prepare your Business Description, Financial Statements and Financial Resources proof and Organizational Competence.
If you are interested in learning more about an Australian Financial Services License and how it can help your business, please fill out the form on this page and our dedicated team of experienced professionals will assist you through the entire process of obtaining an Australian Financial Services License.