Cyprus Forex License

The Republic of Cyprus is a stable democracy and member of the European Union and British Commonwealth. Since the its entry into the European Union, Cyprus has dedicated considerable resources towards building a robust financial services sector. As a result, the relatively small nation is widely recognized by the offshore financial services community as a favorable jurisdiction.
Today, Cyprus is home to over 500 licensed financial institutions and thousands of offshore companies. The nation offers a competitive tax rate of 12.5% – one of the lowest rates found in the European Union. Moreover, as a European Union member, all Cyprus financial services licenses give the holder access to each member state as well as members of the Commonwealth.
Cyprus is an ideal location for promoters of Forex businesses. Cyprus offers a forex license which covers all related forex activity, including both acting as an introducing broker and direct broker. The licensure is recognized world-wide and many top forex brokers are licensed in Cyprus. In addition, the process of obtaining a license is both cost effective and can be accomplished quickly.

Advantages of a Cyprus Forex License

Aggregate daily trading volume in the forex markets exceeds $4 trillion. The streamlined and cost-effective process in obtaining a Cyprus Forex license can place you in this lucrative market in as little as three months. With increased volatility in the global currency markets, spreads have increased – and with that so have forex brokers’ profitable to the tune of over $1 billion annually. As such, smaller forex brokers are capturing tremendous returns owning just a small piece of this lucrative market.

Cyprus Forex License at a Glance

License CySEC
Time to License 4 to 5 Months
Capital Requirement €124,000
Tax Structure 12.5% Percent Tax on Offshore Profits
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type.

Cyprus Forex License Package

  • Incorporation of Cyprus offshore corporation
  • Arrange for local registered officer and local directors, if required
  • Draft corporate bylaws, minutes and owner share issuances
  • Establishment of corporate bank account suitable for forex operations
  • Establishment of merchant service account for accepting credit and debit cards
  • Draft requisite business plan, financial statements and financial projections
  • Draft requisite Anti-Money Laundering & Know-Your-Customer policies
  • Arrange for requisite surety bond
  • Prepare and process application for Cyprus Forex License
  • Representation before licensing regulatory authority, banks and liquidity providers

Contact the Cyprus Forex License Experts

Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the forex licensing experts at FinLaw to begin the process of obtaining your Cyprus Forex License today. Our knowledgeable and skilled professionals are pleased to answer any of your questions.

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