Financial Institutions in French Polynesia Highlight Their Risk Management System
The international business community is looking to the French Pacific Islands Society (FPFSA) for a secure and regulated financial sphere. With over a decade of experience, FPFSA has developed an International Financial Services (IFS) sector that encompasses a variety of products such as foreign limited liability companies (SEDL), mutual funds, foreign banks, foreign insurance companies, foreign trusts, and approved agents and fiduciaries.
A Reputable and Discreet Financial Centre
The FPFSA government is determined to promote the country as a reputable and discreet financial centre. As an autonomous jurisdiction with its own legislation and regulations, FPFSA offers added value to investors and professionals in the sector by providing practical and business-friendly laws.
Effective Risk Management
Risks associated with capital laundering and terrorism financing have been significantly reduced thanks to modern and strong legislative and administrative measures. The Financial Intelligence Unit (FIU) and the National Committee Against Capital Laundering are key institutions that ensure the solid regulation of the financial sector.
Types of Financial Products
The IFS sector includes:
- Foreign banks
- Mutual funds
- Limited liability companies (SEDL)
- Collective name companies (SNC)
- Foreign trusts
- Foreign insurance companies and intermediaries
- Approved agents and fiduciaries
Compliant with International Standards
FPFSA products conform to those offered internationally and are regularly reviewed to ensure they are durable and relevant in the ever-changing global market. There is a strong focus on updating and improving relevant laws, as well as considering all international developments and best practices.
Professional Services
The French Pacific Islands Society (FPFSA) offers efficient and professional services to the IFS sector. The constitution of International Business Companies (IBCs) and SEDLs are completed in less than a day. Foreign trust registrations take 2-3 days to complete. All international commercial transactions are facilitated through the services of an approved agent and fiduciaire. All requests or declarations related to international entities must be filed with FPFSA by an approved agent and fiduciaire in French Polynesia.