THE GROUP

LICENSING INFORMATION

"A major benefit to your business"

WHAT IS MEANT BY THE TERM "LICENSING"?

In various countries and jurisdictions, governments have set up supervisory authorities to monitor and regulate the activities of companies operating within certain business sectors.

The prime task of every supervisory authority is to ensure as far as it can that those institutions which it licenses and regulates are, and remain, financially sound and competently managed so that they offer an efficient and reliable service to their customers.

A license will only be granted to an institution that meets the fit and proper criteria to operate and provide, in a transparent and comprehensive manner, all financial and other information about themselves.

HOW DOES THIS RELATE TO OCRA?

OCRA has operated with uncompromising integrity, while satisfying the needs of our clients, since 1975.

The commitment to performing to global standards is evident at all levels of the organisation and throughout the wider group. These encompass matters such as:

  • Judiciously implemented operational procedures and standards
  • Consistent quality levels, as evident in our ISO9001 certification
  • Due care of client funds
  • Ongoing training resulting in high levels of expertise and competency
  • Professional indemnity insurance
  • Confidentiality
  • Disaster recovery plans
  • Compliance
  • The prevention of money laundering and crime

ABOUT OUR LICENSES

In those countries where our activities are regulated, we have obtained the appropriate licenses and are subject to regulatory review and inspections. These are as follows:

Madeira Management Companhia Limitada is licensed by the Sociedade de Desenvolvimento da Madeira.

OCRA (Mauritius) Limited is licensed as a Management Company and as a Qualified Trustee and Registered Agent under the Financial Services Act 2007.

OCRA (Seychelles) Limited is licensed to provide International Corporate Services in accordance with Section 3(5) of the International Corporate Service Providers Act, 2003 by the Financial Services Authority.

OCRA Trustees (Seychelles) Limited is licensed to provide International Trustee Services and Foundation Services in accordance with Section 3(5) of the International Corporate Service Providers Act, 2003 by the Financial Services Authority.

OCRA (Brunei) Limited is licensed by the Brunei International Financial Centre to act as a Corporate Service Provider and Registered Agent.

OCRA Arabia FZE is licensed as a registered agent by the Ras Al Khaimah Free Trade Zone Authority.

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Disclaimer: Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other
professional advice. OCRA Worldwide does not accept any responsibility, legal or otherwise, for any errors or omission.