If you want to organize a Brokerage Company that will deal with Global Online Trading, Forex, Investment Portfolio management, research and financial analysis in the area of investment, Serbia is the right destination for you.
We will enable you to register your Brokerage Company under very favorable conditions, obtain a license to hold financial instruments and monetary assets of your clients, all by the legislation of the Republic of Serbia, and what is most important with the full support of liberal and business-oriented banks in Serbia.
6 reasons why to set up a Brokerage Company in Serbia:
Plan your brokerage company in Serbia
A clear plan is essential for success. A few important topics to consider are:
Luckily, we have done a lot of this research for you.
Timeframe for obtaining a license – from 2 to 3 months.
The minimum capital required for the commencement of the operation of open-ended funds shall not be less than EUR 200,000 (two hundred thousand) in RSD equivalent. In the course of the company’s business, assets worth the statutory minimum amount of share capital (min. € 200,000) may be held in cash and cash equivalents, deposits and securities with a maturity of up to one year, issued by the Republic of Serbia or the National Bank Of Serbia.
Additional cost to be incurred in connection with:
The Serbian company setup can be carried out remotely with a Power Of Attorney (PoA).
One of the Directors must be employed full-time and must know the Serbian language.
According to the Law on Capital Market, the Director and Company Secretary are to be employed on full-time basis.
Ongoing expenses are mostly regulatory, including licensing and compliance training and testing (continuing education). However, there are also normal office expenses, including utilities, paper and office supplies, and labor costs. In total, these costs can range from EUR 2,000 to EUR 2,500 per month for a very small firm, and typically cost up to 30% of total revenue for mid to large firms.
A brokerage company in Serbia typically charges commission and fees. Brokerages may also charge a flat fee for financial planning services. Finally, a brokerage can charge clients a per-hour fee for consultations that fall outside of the normal scope of financial planning work.
Average profit margins in the financial services industry hover around 17% in Serbia, with some firms making as little as 10% and others, 40% or more.
Please feel free to contact us if you need any further information.
Eternity Law International will provide you with expert advice on obtaining a forex broker license in a suitable jurisdiction. If you have any questions or need advice on obtaining a forex license, call us at the phones indicated on the site, or write to CRM form, our specialists will answer you online.