Forex license cyprus

What are the capital requirements needed in Cyprus? Can Atomiq Consulting assist with locating an office in Cyprus and appointing local directors? Which license jurisdictions are similar to Cyprus? Contact Us Today. Local Agent Vs. One of the main financial areas in Cyprus is the forex.

If you plan to obtain a brokerage license, you should consider Cyprus as a potential market for business registration. It was established 8 years ago and provided significant changes in the countries economy. Due to it, Cyprus was always among the pioneers to introduce new financial options, including the binary options.

Before submitting documents you need to make sure that all of the requirements are met. Otherwise, you will lose the chance to receive a license. Here is a short check-list:. Do not hesitate to submit the form below and our team will contact you shortly! Accounting requirements - Regular accounting and Audited accounts submission is required.

Once the initial approval is done, Offshorelicense will have to provide proof of local presence local office , data on the employees and pay the remaining government fees. In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents. Each beneficial owner, shareholder, director, authorised signatory and secretary must provide. Having obtained a Forex license in Cyprus, a licensed company has the legal right to conduct its activities in any of the EU countries.

To do this, she needs to go through the certification procedure, which is usually quick and simple. In this case, it is necessary to specify the country in which the activity will unfold, the actual type of this activity, and describe the organizational structure of the company. During the last stage, no additional checks are needed.

Every company which holds Forex license in Cyprus must have an office a nominal office is not suitable operating on the territory of Cyprus.

The law does not prohibit conducting activities from abroad, but the basic functions must be performed at the place of registration-directly on the island.

Approximate financial expenses, which include the rent of a working space, purchase and maintenance of computer equipment, telecommunications, salaries of key employees and audit services, taxes start from 15, EUR per month. Once a month, the investment company undertakes to submit capital adequacy reports, once a year — to conduct internal and external financial audits, prepare a report on the compliance of the Corporate Investment Fund with CySEC requirements, prepare a report on risk management and other financial issues.

The investment company also undertakes to open an account with one of the local banks. Brokers of the company are required to provide a certificate confirming their competence and qualifications. It is worth noting that at the initial stage, some positions may be occupied by the same specialist. Specificity of Forex License in Cyprus. Term of Registering Forex License in Cyprus. Benefits of Forex License in Cyprus.