Key takeaways
- A second licence adds markets, credibility or both.
- Each entity needs its own licence, website section, terms and client onboarding.
- Regulators expect clear client allocation and no reverse solicitation games.
- Plan shared services (platform, liquidity, staff) with intra-group agreements.
Why add a second licence
- Access to markets the first licence cannot serve.
- A stronger regulator for institutional partners.
- Resilience if one regulator changes its rules.
Common structures
A holding company owns an onshore entity (for example in Cyprus or the UAE) and an offshore entity (for example in Mauritius or Seychelles). Clients are onboarded by the entity licensed for their country.