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+1 (888) 647 05 40Forex-activity is exchanging currencies. Concept and essence of FX-market covers worldwide currencies trading area, which is biggest and most active financial market globally. Daily turnover of funds there exceeds $ 5 trillion in total value. This amount is greater than the turnover of each of their national market-spaces in aggregate.
Forex-market participants today are big-scaled banking establishments of different countries, investment funds, large-scale international corporations and private investors who have impressive personal capital. Operations being concluded and carried out within this market-space have a turnover of $1 million.
FX is also called trading space, where there are no deals for purchase and sale of real currencies, but only betting operations, main subject of which is prediction of increase or decrease in exchanging rates. Such a market was formed and organized by specialized firms – forex dealers. India is a fairly progressive jurisdiction in relation to the Forex market. Obtaining Forex license in India is very prestigious and cost-effective. Our company provides comprehensive support in licensing various commercial structures, in particular, gambling companies, crypto projects and others.
The platforms where certain currency exchanges are carried out are diverse. Accordingly, they all offer various conditions and have their own characteristics.
Users make a choice in favor of a particular site, based on the benefits of the conditions offered by each changer, commissions and the security of cooperation.
Forex has become popular in India in the last decade, but in the beginning it was characterized by a lot of broker scams. Combined with risky nature of FX-trading; it has prompted the authorities to impose various restrictions on FX-trading. Currently, local citizens are allowed to trade in the foreign exchange markets, but they must comply with a wide range of rules and restrictions. Some of these restrictions are set by the RBI.
In order to become the holder of Forex trading license India, companies must comply with a certain list of regulations and standards put forward by the local regulator and government agencies.
Our experts will help you bring your business in line with all requirements. We will take care of the most complex and unexpected aspects. We also offer comprehensive professional consulting in other areas, in particular, those related to crypto-currency transactions, gambling, and others.
Obtaining a Forex license in India is possible with the availability, preparation and proper execution of the following package of documentation.
Our experts will help you in the collection and preparation of a package of documents. We will take care of all the details and provide you with comprehensive advice.
FX-trading in India is incredibly popular today. Forex trading in India remains a great way to make money. The Government of India is currently considering easing the rules soon to give Forex traders more flexibility with currency pairs. This will also grant more comprehensive regulatory protection than currently exists.
The process of obtaining a full Forex trading license India is as follows.
Despite the fact that FX-licensing in India is simple and intuitive, we recommend that you enlist the support of our specialists. We will accompany you at every stage of obtaining permission.
Companies holding an FFMC license are required to pay a state fee to establish a company and obtain the appropriate official permission to operate. The amount of this fee may vary. You can get detailed information from our specialists who will calculate all the associated costs for you and help you optimize your budget.
In case of non-compliance with the requirements declared by the regulator or in case of violation of the established rules of activity, the FFMC license may be revoked from the company. This happens in case of serious violations, in particular, when AML policies and procedures are not followed, when an annual independent audit is not carried out, when the annual fee for maintaining the operation of the company and the license is not paid, and so on. Some of these restrictions are set by the RBI.
In this case, the company is given the opportunity to correct the violations and file a new application for license restoration. Such a procedure would also require the payment of a fixed government fee and a full due diligence of the commercial structure. This will need to be done within a certain period, otherwise, the permit may be revoked without the right to restore.
Companies established in India must pay tax on profits earned from worldwide operations. Foreign firms must pay tax on profits derived from sources in the jurisdiction itself.
Income tax for local companies is 25%. Newly established industrial firms receive a 15% rate. The base rate for non-resident enterprises is 40%.
The cost of licensing in India is calculated individually for each commercial project, as it varies and depends on many related factors. In particular, this always takes into account the commercial prospects of the business, the initial budget that the organization has and financial projections.Our experts will help you accurately calculate your costs. We will not hide from you all the nuances and possible costs, since our activity is aimed only at honest and most effective cooperation with our clients. This is the key to our success and your peace of mind.
In order to carry out Forex activities in this jurisdiction, you must have official permission. A Forex trading license India gives its owner the official rights to act as a participant in the Forex market and offer consumers a list of related services. The specific range of services may vary depending on the type of license the company receives.
The FFMC acts as the local regulator. The regulatory body subjects the activities of Forex brokers to full and continuous control. In addition, the FFMC reviews licensing applications and issues appropriate licenses. Obtaining a Forex license in India requires demonstrating compliance with certain criteria and requirements.
Legal Forex activity in this jurisdiction is only possible with the appropriate license. This permit is official and unlimited access to the Forex market. A company with this license can legally provide its services to clients. A Forex trading license India can be obtained subject to compliance with the norms and standards put forward by the FFMC.
The total cost of obtaining a Forex license in India is calculated individually in each case. We will prepare a correct calculation for you and try to optimize your budget as much as possible. Contact our managers for your first free consultation from our lawyers.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.