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+1 (888) 647 05 40The Forex market continues to develop and expand rapidly. Many jurisdictions have already appreciated the potential and prospects of this area, and are trying in every possible way to attract foreign investors to cooperate, establishing reliable and loyal regulation. South Africa has become one such jurisdiction. It is also one of the first countries to allow forex trading in its commercial space.
Our company provides comprehensive professional support in matters of licensing and establishment of commercial structures around the world. We provide comprehensive advice on any issues, in particular, why it is worth opening a brokerage company in Serbia, how to obtain a license for cryptocurrency activities in a particular jurisdiction, and so on.
In order to join the niche of Forex trading in South Africa and become an official and licensed FSP – a company that is a financial type service provider – a firm must necessarily fulfill and comply with certain regulatory requirements. These parameters and norms are put forward by the FSCA – the local regulatory body that controls the activities and supports the efficient functioning of the financial sector in the jurisdiction.
General minimum requirements are established in the following form and list.
In addition, companies are required to submit financial statements audited by an independent auditor once a year.
There are several categories for licensing Forex trading in South Africa.
The following privileges, attractive for the commercial sector, are available to the Forex investor.
As we can note, South Africa is quite a profitable and attractive space for Forex trading and cryptocurrency firms. This is the reason for the increased interest in this jurisdiction of foreign capital holders.
In order to obtain permission for Forex activities within this commercial space, it is necessary to go through some of the following steps. The procedure itself is clear and not complicated, however, in order to avoid possible difficulties and tricky nuances, we recommend that you contact our company.
Our experts will provide you with comprehensive support at every stage of business-establishment. In addition, we can offer you an extensive list of ready-made companies for sale in Spain, Germany, Estonia, Poland, Cyprus and other countries.
Speaking of taxation in the jurisdiction, it should be noted that the corporate tax rate is 28% and capital gains tax is 18.6%.
Our company has the highest specialists and professionals in their field, working all over the world. We are ready to offer you the following.
Our lawyers are experts with many years of experience and strive to achieve only the best results for our clients.
The cost of obtaining a license permit is calculated individually in each case. We will help you not only correctly calculate the cost, but also optimize your costs as much as possible. The principle of our work is honesty and transparency in relations with clients, so we will not hide any nuances from you.
We are specialists of the highest profile and qualifications, working all over the world. Our clients always get the best and fastest results.
Turning to us, you will make the beginning of your commercial path simple and fast. We will provide you with comprehensive support and become your reliable allies at every stage.
Forex trading in South Africa provides entrepreneurs with the official right to act as a participant in the Forex market. In addition, this permission is required in order to be legally able to offer relevant Forex services to clients. Traders who do not have such a license cannot operate in the Forex market. In addition, activities uncontrolled by the regulator are punishable by claims and fines.
The local regulator – FSCA – strictly controls the activities of Forex brokers and also issues appropriate licenses. To become a holder of Forex trading in South Africa to legally engage in Forex trading in this jurisdiction, applicants must demonstrate to the FSCA that they meet established requirements and parameters. Only if the put forward criteria are fully met, the regulator approves the application and issues a license.
To conduct legal activities and carry out transactions as a Forex broker in South Africa, you need to obtain a license. Forex trading in South Africa gives its owners official access to the Forex market and the ability to offer their services at a legal level. Successfully obtaining a license requires meeting the criteria set by the local regulator.
The total cost of obtaining Forex trading in South Africa is calculated individually in each case. Our specialists will make a correct calculation for you and try to optimize your budget as much as possible. Contact our managers for a preliminary consultation.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.