ASIC AFSL (Australia)

License Fee: 120,000 USDT

Operational Requirements:

• Appointment of one local director

• Appointment of a local Responsible Manager

• Registered local office address

• Appointment of a local compliance officer

Ongoing Operational Costs:

• Total monthly operating expenses are approximately 8,000–9,000 USDT

Required Information for Application:

• Proposed company name

• Shareholder details (any nationality accepted), including:

  • Passport copy

  • Proof of residential address issued within the last six months

Note: At least one shareholder must be available to spend one day in Australia to open the corporate bank account. Local assistance will be arranged.

Capital Requirement:

• Following account setup, the regulator requires a capital deposit of AUD 50,000 to be maintained in the company’s bank account

Additional References (arranged by the client):

• Professional insurance: approximately AUD 10,000 per year

• Annual audit: approximately AUD 15,000 per year

Timeline:

• The complete license transfer process is typically completed within one week