British Virgin Islands (BVI) often referred to as “offshore tax heaven” is one of the most popular forex jurisdictions due to absence of profit, corporation and capital gains tax.Incorporation & obtaining license: depending on the Regulator. In general, can take from 4 weeks to 4 months Minimum paid up capital: is set on case-by-case basis. Once the application is submitted t...
Path: LicensingBelize is an economically and financially stable country and is a great place for forex broker companies since it is one of the most known offshore jurisdictions with a well-developed legal framework.Incorporation & obtaining license: 4 months Minimum paid up capital: $500 000 License fee: USD 25 000.00 License renewal government fee: USD 25 000.00 plus comp...
Path: LicensingCyprus offers a very well established environment for a forex broker firm. It is a well-known and is one of the top choices in the EU for acquiring of a financial license. It follows very strict rules and regulations as implemented by the financial services authority of Cyprus (CySEC – The Cyprus Securities and Exchange Commission).Incorporation & obtaining license: from 5 to 9 months ...
Path: Licensing...“New Era” includes building country determinately governed by the party, being open to the rest of the world and being proudly Chinese.* Due to the enormous trading volumes, currently, China stands out as the forthcoming homeland for **retail forex**. Introducing brokers operate the vast managed accounts, therefore, a very definitive format now is conduction of business between Western serv...
Path: Blog...tion of the pilot project, which is expected to continue for six months, the platform will be adopted nationwide. It is also informed that many banks are involved in the project as well. Read our blog to keep abreast of all interesting and actual forex news.
Path: Blog...rading in binary options will be prohibited for retail clients. Also, the SC will put limits on retail incentives, where enticements and bonuses will be prohibited, and negative account balance security will be required. In relation to these changes forex business participants will be required to assign responsible person who will supervise the company and will ensure the company remains in compli...
Path: BlogThe foreign exchange market has existed since ancient times. Exchange systems have occurred around 8 thousand years ago and have undergone significant changes and developments before such a niche as forex market emerged. Financial technology forex markets were able to attain trillions in trading per day in the 21st century. Although the rapid development has been accounted for the 20th cen...
Path: Blog... which is about $5 trillion a day, the Foreign exchange market is still the largest financial market in the world.The uniqueness of this market is undeniable due to its geographical dispersion, accessibility, and flexibility. Traders can access the forex market 24 hours a day, except for weekends, use different leverages to increase profit and benefit from a variety of other advantages offered by...
Path: BlogThe COVID-19 has had large impact on our daily lives and it has changed the way we do business. Of course, there are many aspects of life that pandemic hasn’t changed, but the effects can be clearly found in the forex and trading markets. In particular, **coronavirus pandemic brought a surge of volatility back into the markets in February and March**. This volatility, which has been widely repo...
Path: Blog...Vincent and the Grenadines is not major country that comes to mind when somebody talks about foreign exchanges, but there appears to be a growing trend where a number of companies are being established for the purpose of carrying out the business of forex Trading and Brokerage and other related activities in SVG, therefore, in SVG might be some big changes coming in terms of regulation. In rec...
Path: Blog...st region is getting even more attractive with emergence of new regulatory jurisdictions. Saudi Arabia is one of the most populous countries in the area, with the population reaching 32 million as of 2017, the country is a lucrative destination for forex brokers. On April 25, the Capital Market Authority (CMA) of Saudi Arabia has issued its first forex broker license and, therefore, made the c...
Path: BlogThe President of Belarus, Alexander Lukashenko, **signed the Decree “On Taxation”** which exempts forex trading from taxes.The decree exempts individuals from paying income tax received from transactions with non-deliverable OTC financial instruments. The tax exemption was initially proposed in March of 2016, however, since then it was only a temporary measure and had to be extended every...
Path: Blog**The US Commodity Futures Trading Commission (CFTC) updated its latest caution list or the Registration Deficient List-the ‘RED List,’.** **In this list CFTC warns the public against unauthorized forex and binary options companies that are illegally conducting forex business activities and targeting the US residents.** Total number of listed companies is 146 but now the CFTC added 22 new nam...
Path: Blog... since 1987 after falling almost 10 percent.** That was the market’s response to the US president’s ban on travelling from European countries and growing anxiety over the pandemic. **Black Monday and Thursday brought back volatility into the forex markets that remained at low levels for years.** In 2019 majority of brokers were struggling to remain profitable in the conditions of low volat...
Path: BlogThe Financial Services Board of South Africa (FSB) is a supervisory body of financial services industry in South Africa under the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS Act). The company that intends to conduct forex business on a discretionary basis must obtain a Category II Discretionary FSP license with FSB.Overview Annual levy paid by a licensed FSP is calculated...
Path: Licensing...cence type (STP or MM) License government application fee: EUR ~3,200 or 5,100 depending on the license type License renewal government fee: EUR 1,300 Overview There are two types of licenses in Bulgaria applicable for forex and two types of companies can apply – ordinary Ltd’s and JSC’s: Standard license – requires BGN 250,000 initial capital (approx. ...
Path: LicensingCook Islands offers three types of licenses for international companies with different business activities. Combined license is the one to be chosen if you wish to conduct forex brokerage business.Timeframe: IBC incorporation – within 4 weeks License application and approval from the Financial Supervisory Authority – 5-6 months Minimum capital requirement: The Act does...
Path: LicensingVanuatu is a great place for launching forex brokerage company due to its low capital requirements and variety of tax benefits.Incorporation & obtaining license: 4-6 months Minimum paid up capital: No minimum capital requirement. Instead, government bond of approx. USD 50 000 is used. Overview Vanuatu, officially the Republic of Vanuatu, is an archipelago in the S...
Path: LicensingThere is a unique type of license called Financial Service Provider or FSP in New Zealand, which is considered a well-reputed onshore jurisdiction, therefore, it is not blacklisted by any country around the world or any foreign financial institution. Moreover, it is a member state of the OECD and WTO.Timeframe: within 3 months Minimum paid up capital: is set on case-by-case basis ...
Path: Licensing...ures and procedures on a risk-based approach, and on implementing the customer identification and due diligence procedures. Offshorelicenese team are ready to assist our clients to acquire ready-made CySEC licensed company or apply for the Cyprus forex license taking into account new policies requirements from the regulator. Read our blog to keep abreast of all actual and interesting technol...
Path: Blog...onditions with protections in other comparable markets elsewhere. New changes were not well taken by brokers. The biggest disappointment has been decision to limit how much leverage they can offer to their customers. From 29 March 2021, regulated forex brokerage companies are forced to limit the leverage they offer to a maximum of 30:1. ASIC’s product intervention order will also restrict ...
Path: Blog...h PSP/EMI, manage the exchange risk linked to the maintenance of client’s funds in another currency and cover any deficits. Offshorelicenese team are ready to assist our clients to acquire ready-made CySec licensed company, apply for the Cyprus forex license, or, considering Cyprus regulatory authority intentions, apply for EMI and PSP license, or assist with bank account opening. Read our...
Path: Blog...*, are set-up upon your request. What is more, Offshorelicense Ltd supremacy is positioned on **Business License attainment**, for instance, the assistance in obtaining financial licenses such as but not limited to **Dealer in Securities License, forex License, Banking License or Portfolio Management License**. Such solutions can be provided in various jurisdictions based on your requirements a...
Path: Blog... to them. It worth noting that certificates are a core offering of banks and this product was established long ago. However, there is a growing tendency among brokers that are starting to involve into the certificates offering along with traditional forex and CFDs offering. According to the British regulator, more and more products close to CFDs are being offered to retail clients at a higher ...
Path: BlogOFFSHORELICENSE has developed new and more attractive markets that may substitute Vanuatu in terms of entry and maintenance requirements Thus far, a considerable number of OFFSHORELICENSE clients have chosen **Vanuatu** in order to obtain forex license (Dealer’s in Securities license), however, due to the changes occurred in mid-June 2017, the bond deposit requirements increased from $2.000 US...
Path: Blog...ng a Vanuatu offshore international company only for carrying out small a business or financial management, you can confine yourself to being a single shareholder and director: there are no requirements for residence or number of founders and CEOs. forex trading regulations as another common reason to enter Vanuatu offshore jurisdiction. Confidentiality policy in this country is very strict an...
Path: Blog...shore services as well as FX and brokerage services had a place on the market. This place was not the dominant one, but at the same time, audience that used financial services from across the border was stable and solvent. Latest **changes to the forex and CFDs market** are most likely due to changes in financial regulations of the China mainland. After the People’s Bank of China initiated cr...
Path: Blog...has focused on the needs and profiles of investors**. One of Japanese online trading platforms (**GMO Click Securities) has outlined its “Age Policy”**. In accordance with this policy all people that are 81 years old or more may not trade in forex and options. That is a highly sensitive topic, especially for Japan, where the current situation of aging population is a critical problem fo...
Path: Blog...previous written consent from the Financial Services Commission (“FSC”) has been requested and that the conditions laid out in the Financial Services Act have been met. Business formations involved in financial services business in particular forex trading, investment management, insurance, banking, investment advisory services, as an example, can only be created as GBC1 companies and recei...
Path: Blog... itself a Cayman Islands entity, that entity should be subject to regulation or exemption under the Securities Investment Business Law (SIBL). If you are interested in incorporating Investment fund or obtaining a license that allow you to conduct forex activities in the Cayman Islands, please [**CLICK HERE**](http://www.offshorelicense.com/licensing/cayman-islands-securities-investment-fund-lic...
Path: Blog... Saint Vincent and The Grenadines is an attractive jurisdiction that has consented to implement the OECD’s automatic exchange of information for tax purposes (AEoI) by 2018. Saint Vincent and The Grenadines formations are frequently used for forex brokers, international trade and investment, banking, and e-commerce businesses. Read our blog to keep abreast of all interesting and actual ...
Path: Blog...fy why it is seeking to collect trading volume data. It could be an effort, to evaluate how product intervention measures, introduced by the ESMA last August, have affected the industry. Read our blog to keep abreast of all interesting and actual forex news.
Path: BlogLiquidity Providers Technical Solution for Broker Companies OffshoreLicense LTD offers technical solutions for broker companies, trading in the securities markets and forex. Our offer includes final product with the connection of one or more liquidity providers. Our offer includes: Variety of leading liquidity providers Easy and fast setup procedure Excellent liquidity conne...
Path: Additional...o one of the models. Liquidity partnerships, hedging counterparts, white label agreements, referral agents and every other aspect of a broker’s business is to presented for inspection. Read our blog to keep abreast of all interesting and actual forex news.
Path: Blog...wered to contemplate what kind of restrictions it will impose on the market participants. The changes caused by the new regulatory framework are similar to those already adopted in the EU, Japan, and the US. Taking into account the move of retail forex traders from Europe to Australia, there is a high chance of regulatory harmonization amongst the two. The basis for the above-mentioned amendmen...
Path: Blog...d for high risk, speculative trading products continues to increase in Europe, wherein Cyprus investment firms must continue reforming their business models to ensure investors are adequately protected. Read our blog to keep abreast of all actual forex news.
Path: Blog...and's China entities to get traders to deposit funds with brokers located outside of the country. The Mainland regulator (SAFE) in its statement informed that due to the new requirements, it is unlawful for any unapproved organization to conduct forex margin trading or for any client, either an organization or individual from Mainland. The aforesaid financial regulator also adds that companie...
Path: Blog...ial products. The updated information with respect to the new requirements is outlined in Information Sheet 240. We should note that the new license assessment procedure will be applicable to the companies that intend to offer foreign exchange (forex) contracts. These companies will be required to submit: * C5: Foreign Exchange Operating Statement * B3: Arrangements for Managing Conflicts...
Path: Blog...h full electronic payment facilities. The account opening procedure is straight forward and can be done without physical presence in Liechtenstein.Payment processing options MasterCard, Visa Restrictions Not working with Non-EU forex and Gambling N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us in order to receive up...
Path: Banks...ay be required by bank are not part of our professional fees for assistance of opening a bank account. The bank offers range of services and products Personal and commercial account Investment execution: stock, bonds, funds, derivatives and forex Counselling on financial investment Asset Management Executing payment orders Multi-currency current accounts and deposit accounts Deb...
Path: Banks...ng system with full electronic payment facilities. The account opening procedure is straight forward and can be done without physical presence in Liechtenstein.Payment processing options MasterCard, Visa Restrictions Not working with Non-EU forex and Gambling N.B. Bank may change its tariffs at any time thus please visit bank’s website or contact us in order to receive update...
Path: Banks...abet Names Requiring Consent or a Licence: Bank, buildings society, insurance, assurance, reinsurance, funds, trust, trustees, finance, savings, royal, asset management, foundation, municipal, chartered, healthcare, gaming, brokerage, broker, forex, lease, leasing, pharmaceutical N.B. Company name is restricted to be identical or similar that of an existing company. In order to ...
Path: Companies... Names Requiring Consent or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trusts, Trustee, Savings, Royal, Asset Management, Funds, Foundation, Building Society, Municipal, Chartered, Finance, Healthcare, Pharmaceutical, Leasing, Lease, forex, Broker, Brokerage, Gaming N.B. Restricted connections for company name: name of state, national or local government. Any name that...
Path: Companies... company is duly registered with the Securities Commission of the Bahamas (hereinafter Commission). The above mentioned Commission is the national body responsible for the licensing of all types of financial dealers in Bahamas. An applicant for a forex License is required to submit the appropriate application to the Commission. Benefits of Bahamas forex company: Complete Anonymity No...
Path: Licensing...ay be required by bank are not part of our professional fees for assistance of opening a bank account. The bank offers range of services and products Personal and commercial account Investment execution: stock, bonds, funds, derivatives and forex Counselling on financial investment Asset Management Executing payment orders Multi-currency current accounts and deposit accounts Deb...
Path: Banks