Forex-trading is making money on currency exchanging deals. Forex-market exists globally and its turnover exceeds millions of dollars. Cyprus is one of the first countries to legalize Forex trading and has gone to great lengths to keep traders safe by offering them quality, greatly-full and strict regulation. However, despite the severity of certain points of regulative framework, Forex-regulation in Cyprus is quite loyal to the representatives of such a niche.
Our firm is experts in the field of companies’ licensing and formation in hundreds of jurisdictions around the world. We will become your secure allies in getting license to operate in any of your chosen spaces, in particular, in getting Forex broker license in Belize, Spain, Malta and others. With us, you do not have to cope with all difficulties and nuances that may arise on your own – we’ll take care of this completely.
Regulatory body controlling activities of Forex-brokers and directly issues permits to be evolved in this direction is Cyprus Securities and Exchange Commission – CySEC. Commercial structures that are interested in the official approval of their activities need to meet a number of normative points put forward by the regulator.
As already mentioned, Cyprus is included in the list of the first jurisdictions where the Forex markets first began to form and develop. The infrastructure for the relevant firms in this country is developed in the best possible way, therefore brokers are primarily interested in a brokerage license in Cyprus. Cyprus is often seen as a competitor to the BVI and Mauritius. The last of the mentioned jurisdictions is quite popular due to the special loyalty and profitability of the local FSC regulator. It is important to note that having obtained a Forex license in Cyprus, the licensee must properly prepare and submit financial statements.
As for the package of documents required to get Cyprus Forex license, it consists of a list of the following papers that are mandatory for all beneficiaries, directors and shareholders as a minimum set:
In addition to the above, additional documents may also be requested by the regulator. Our experts will help you prepare and collect everything you need.
Within the jurisdiction, there is one single permit for all Forex projects. A Cyprus forex license can be obtained by companies classified as CIF, which are classified as participants in the securities market at a professional level, but in a broader sense – with coverage of the forex market. After obtaining the necessary permission, the organization has the right to manage portfolio investments, engage in investment advice, receive and execute orders, work with investments and financial instruments.
Forex license Cyprus opens up many opportunities, in particular, the right to legally reside in any country that has EU membership, which increases the reputation and global image of the company. The licensed organization will be included in the list of official brokers.
Along with such jurisdictions as the BVI and Mauritius, this country also offers a lot of specific advantages. The local regulator, as well as the Mauritius regulator FSC, tries to provide maximum security and commercial comfort for Forex firms, while setting a loyal requirement list and forming a reliable regulatory framework. Forex companies get the opportunity to enjoy the following benefits and privileges.
Our company will provide you with comprehensive professional assistance not only in licensing, but also in acquiring a ready-made company in Spain, Portugal, Germany, Poland, Estonia and other jurisdictions around the world. We deal with various commercial niches, particularly, cryptocurrency sphere, gambling, etc.
The procedure for Forex licensing in Cyprus is quite simple and straightforward. It consists of several following steps.
Speaking about the taxation of Forex structures in Cyprus, it is worth noting the following aspects. The jurisdiction has a low corporate tax of 12.5%. The 0% rate applies to income tax. The rate of 19% is valid for VAT – one of the lowest. There is no obligation to pay tax on dividends. The jurisdiction has a wide network of agreements concluded in order to avoid double taxation.
Our company – professionals and experts in the establishment and licensing of companies around the world. We work to achieve the most effective results for our clients in the shortest possible time. The list of our services includes the following.
We have extensive experience in this area, so contacting us, you can be absolutely calm.
The cost of licensing is calculated individually in each case, as it depends on many related factors. Our experts will help you correctly calculate the total cost of obtaining a permit, as well as optimize your budget as much as possible.
We are a team of dedicated professionals who work hard to deliver the best possible results for our clients.
Turning to us, you will forget about all the difficulties that may arise in front of you. We will become your reliable allies and consultants on your commercial path.
In order to carry out operations related to Forex trading in Cyprus, traders must obtain the appropriate license. This permit is issued by the local regulator and provides the official right to conduct Forex activities. Without such permission, traders are not able to trade Forex.
The CySEC license is a single permit to work with any kind of Forex projects. holders of this permit are classified as securities market participants covering the Forex market. After receiving such a license, the organization receives the official right to manage portfolio investments, engage in investment consulting, receive and execute orders, and work with investments and financial instruments. The licensed organization will be included in the list of official brokers.
Forex trading activities are legal in Cyprus. However, to conduct such activities in this jurisdiction, it is necessary to obtain a license. This permit is issued by the local regulator.
The cost of licensing is calculated individually in each case, as it depends on many related factors. Our specialists will help you correctly calculate the total cost of obtaining a permit, as well as optimize your budget as much as possible.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.