Selling a cheeseburger in paradise can easily take up to eight licenses and permits. Although ever-relaxed Hawaii is less regulated than many other western states, it has a number of its own island-state-specific ways. Foreigners looking to set-up shop should take special care thoroughly research their operational licenses.
In Hawaii, broker-Dealers perform securities sales and purchases for commission. These agencies – often known as brokerages – are federally regulated and monitored. However, states also regulate securities firms and may have their own licensing process, if not additional fees brokers must pay on top of their federal licensing costs.