Popular Setup

Saint Lucia

In St. Lucia, a Forex-license is not regulated. However it is accepted by Metaquotes providing that the company has the proof of permitted activities issued by the legal parties.

Includes:

Incorporation of company and assistance with opening of a bank account

Registered office one year

Registered Agent Fee

Certification of incorporation documents

Legal Opinion Verification Forex Business license requirement

Project cost: $20,000 setup, $3500 annual renewal

Estimated timeline: 1-2 months

capital requirement: minimal

Comoros Island (Moheli)

Regulation of forex brokers in the Comoros is carried out by the Ministry of Finance and Budget, which is responsible for granting licenses for activities in this area.

Obtaining a Comoros forex license can be beneficial for forex brokers as it allows them to position themselves in the international forex market and offer their favors to investors worldwide. The Comoros license also allows brokers to attract clients from different countries and conduct investment transactions without paying income taxes.

Includes:

Incorporation of company and assistance with opening of a bank account

Obtaining forex broker license

Registered office one year

Registered Agent Fee

Certification of incorporation documents

Project cost: $30,000 setup, $18,000 first year renewal, $15000 second year onward renewal

Estimated timeline: 3-6 weeks

capital requirement: minimal

South Africa

South Africa is one of Africa’s leading financial centers and attracts many investors interested in forex trading. Regulation of the forex market in South Africa is subject to strict rules and standards set by the local regulator, the Financial Sector Conduct Authority (FSCA), formerly known as the Financial Services Board (FSB)

Includes:

Incorporation of company and assistance with opening of a bank account

1 local key individual, compliance officer, representative

Obtaining forex broker license (CAT 1 FSP)

Registered office one year

Registered Agent Fee

Certification of incorporation documents

Project cost: $50,000 setup, $6000 monthly

Estimated timeline: 6-9 months

capital requirement: minimal

Cyprus

Among the most important requirements for participating in the financial market of Cyprus is establishing a Cyprus Investment Company (CIF) and obtaining a permit from the Cyprus Securities and Exchange Commission (CySEC).

Includes:

- Company formation in Cyprus in the legal form of joint-stock Company

- Legal address for a year

- Contact person for obtaining documents from the register for a year (company secretary)

- Power of attorney (translation, notarization)

- The act of registering the company at the notary

- Preparing all documents required for applying for a license

- Applying for the license

- Representation during the registration process

- Assistance with hiring and recruitment of required local employees

- Assistance in searching local physical office

- Documents delivery by post

- Legal support within the project

This full package covers all services needed to register a company with a foreign shareholder(s) and obtain the license in a fully compliant way.

Project cost: estimate EUR 66500 upon enquiries

Estimated timeline: 6 months

capital requirement: >EUR 125,000

Mauritius

There are basically five categories of Investment Dealers under the Securities Act; however, the most commonly used for its wide range of business activities and smaller capital requirements, and the most suitable and recommended license for Forex Trade is the Investment Dealer Full Service License,

excluding underwriting, duly authorized to execute orders for clients, to manage portfolios of clients and to give advice on securities transactions to clients.

Application requirements:

Corporate vehicle permitted: Category 1 Global Business Company

Local physical office: Yes, office premises in Mauritius

Capital requirement: Each category of Investment Dealer needs to have a minimum capital.

Directors & Shareholders: Min 2 resident directors with board meetings held in Mauritius; Min 1

shareholder, no nationality restrictions

Regulating Authority: Mauritius Financial Services Commission (FSA)

Service Providers Required: Yes

Project cost: $52000 setup, $16000 quarterly

Estimated timeline: 4-5 months

capital requirement: $27000

Get in touch

For further details or enquiries, please talk to our experts.

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