Forex broker license in Cyprus
Cyprus is a country that offers businessmen many opportunities to develop their own business, in particular in the activities of a forex broker. This state specializes in issuing forex licenses to brokers. It is in Cyprus that a large number of financial organizations are located, which employ a staff of qualified specialists.
To get a license of a forex broker in Cyprus, you need to register an investment company. This is an organization that will provide investment services under the current rules. Cyprus Securities and Exchange Commission (CySEC) in Cyprus regulates the functioning of such companies.
If in the future it is planned to expand activities to cover the territory of the European Union, then a license must be obtained in accordance with this legislation.
Having obtained the license of a forex broker in Cyprus, the company is vested with the following rights:
– Provide investment services in the state of Cyprus or in the EU countries;
– Provide advice on the investment of securities;
– Manage securities portfolios;
– Conduct operations with your own finances;
– Conduct operations with third-party funds;
– Receive loans to conduct basic operations with money;
– Register and transfer transactions related to financial transactions.
ADVANTAGES OF FOREX LICENSE:
– This document is recognized in all countries that are members of the European Union;
– Jurisdiction is authoritative and respectable;
– You can get a license in a relatively short time;
– Investors and dealers can complain directly to CySEC to get an immediate response;
– You can check if your organization has a license online.
GETTING THE DOCUMENT IN THE STATE IN ACCORDANCE WITH THE REQUIREMENTS OF CYSEC, IT IS POSSIBLE IN SUCH A CASE:
– You must register a new organization in Cyprus;
– You need to have a memorandum, where the main data on it and the fact that it has a connection with the relevant field are indicated;
– You need at least one manager who will be the director of the company;
– The staff of the organization must be attended by the necessary specialists with special skills and relevant education;
– Registered capital varies from 50,000 euros to 730,000 euros;
– You need to have a package of those documents that CySEC requests.
The license is issued with assistance of professionals of Eternity Law International. You will receive a full package of services for registering a company, obtaining a license for a forex broker and opening accounts in European banks, and will be able to develop your own business without obstacles. To get the consultation.