If you want to register a brokerage company in Europe, then the Czech Republic (CR) is one of the best variants for business.
One of the main advantages of the proposed market is the regulating and monitoring conducted by the National Bank of a CR. It is both a respectful bank organization and state institution responsible for market regulations and guaranteed equal rules and attitude for the residents and foreign companies.
The other advantages are the neighborhood with developed European countries and the ease of entering their markets. There is a fast procedure for getting a similar license in other EU-countries in case you have obtained a forex license in the CR. This procedure does not require additional documents filling and the fee is rather low.
The license obtained in the CR allows to provide 2 types of services:
The process of license obtaining in the CR does not differ from the procedure in other countries of the European Union. One of the advantages of obtaining a license in the CR is the absence of any requirements regarding the nationality of company managers. It allows hiring qualified staff regardless of their residency.
The authorized capital of a company applying for a Forex license must be at least 125 thousand euros. But the exact amount depends on the services of the future company.
Also, you must have an active bank account with a capital on it. It is not blocked and you are free to use it in your financial operations. The higher your capital is, the wider range of services you can provide to your clients.
The process of license obtaining can take from 6 to 9 months, including the preparation of documents. The cost of the license is better to check with our specialists.
Please, contact our team in case you have any questions or you need a piece of detailed information on license conditions and benefits.
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