British Virgin Islands
Investment Business Licence
BVI FSC authorisation for investment management, dealing, and advisory businesses.
$10,0003-5 months
Cayman Islands
Securities Investment Business
CIMA licence for funds, investment managers, and securities dealers operating from Cayman.
Fee on request3-6 months
Mauritius
Investment Dealer Licence
FSC authorisation to deal in securities, run a brokerage, or provide investment management.
$10,0003-5 months
Nigeria
SEC Fund/Portfolio Manager (Asset Manager)
SEC Nigeria licence to manage investment funds, collective investment schemes, and portfolio mandates for Nigerian investors.
Fee on request3-6 months
Seychelles
Securities Dealer Licence
FSA licence to operate a forex brokerage, securities dealer, or investment firm.
$8,0002-4 months
United States
State Registered Investment Adviser (RIA)
State registration for an adviser under the $100 million SEC threshold. Form ADV, renewed every year.
$5,0002-4 months