Cyprus forex license

Forex license Cyprus: Advantages, conditions, and registration requirements.

If a Forex broker is planning to expand activities in the European Union, Cyprus is usually chosen for this purpose. It is one of the most suitable jurisdictions because it is possible to obtain the Cyprus Securities and Exchange Commission (CySEC) license there. It allows brokers to legally operate, take customer deposits, and perform other legal actions in the territory of any EU member state.

If you are interested in such a financial license, Cyprus is a rational choice, but the process requires careful preparation. Submitting an application is a matter that should be approached with certain knowledge as well as meeting a number of strict requirements and conditions. Otherwise, there is a risk of being rejected for licensing.

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What you need to get a Cyprus Forex license

All companies interested in getting a Forex license Cyprus must meet certain requirements:

  • Have a registered office in Cyprus.
  • The company must have a director with financial education and experience in finance.
  • A concise description of the company's activities must be provided.
  • Conditions concerning the amount of the authorized capital must be complied with: not less than 125 thousand euros (for STP license) and a minimum of 730 thousand euros (for Market Making).

Cyprus is one of the first countries where the Forex market began to develop. The infrastructure for the corresponding companies in this country is best developed, which is why brokers are primarily interested in getting a Forex license Cyprus.

It is important to note that after Cyprus Forex license for Forex activities, the licensee must prepare and file financial statements.

What are the benefits of a Forex license Cyprus?

By obtaining a license, you will be able to legally carry out various activities. They include:

  • Investment services
  • Conducting transactions at your expense
  • Providing advisory services on investments in securities
  • Processing of orders related to various financial instruments
  • Currency exchange, except for investment activities
  • Issuance of funds on credit

Documents required for obtaining a Forex license Cyprus

All beneficiaries, directors, and shareholders must provide:

  • Copies of foreign and national passports
  • Confirmation of residence addresses
  • Recommendation letter from the bank
  • CV
  • Bank statements proving sufficient funds in the bank account

In addition to the above documents, the Cyprus Regulatory Authority may request additional information. To accelerate and simplify the process of getting a Cyprus Forex license, please contact our qualified specialists.

How quickly you can obtain a Forex license Cyprus

The brokerage company will need to wait about six months from preparing the application to obtaining a license. At the same time, the period can be noticeably longer — up to 12 months, depending on a number of factors.

If you want to save your time and effort, contact our company. We will answer any of your questions, provide comprehensive legal advice, and then prepare the necessary documents and directly deal with the Cyprus Forex license for your company.

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