Dubai’s Virtual Asset Regulatory Authority (VARA): Opportunities for Crypto Startups
December 20, 2024
There exists a recently created law which sets up the legislative structure for the digital currency landscape in the UAE. It serves as the basis for regional rules in various emirates, encompassing the recently enacted VARA. That regulation has issued overarching instructions that related to the supervision of digital assets and similar operations in the…
Regulatory Updates for Forex Brokers in Cyprus: Navigating CySEC’s Mandates
December 18, 2024
The legislative base for Forex brokers in Cyprus, supervised by the Cyprus Securities and Exchange Commission (CySEC), continues to evolve. As 2025 approaches, companies must proactively adapt to new obedience and licensing measures. The updates signify CySEC tailored to create a safeguarding, lucid monetary network aligned with global trends. This article explores key strategies to…
MiCA in Germany: How BaFin is Setting the Stage for Crypto Regulation
December 18, 2024
In April 2023, the European Parliament approved the Markets in Crypto-Assets Regulation (MiCAR), representing a major milestone in the oversight of the e-currency sector throughout Europe. With approval from the supervisory organ on May 16, 2023, and publication in the Official Journal of the European Union on June 9, 2023, MiCAR became operative on June…
Forex Licensing in Seychelles and Mauritius: Comparative Analysis for Brokers
December 17, 2024
Acquiring a currency trading authorization is an indispensable milestone for establishing a thriving brokerage enterprise. Two notable jurisdictions commonly favored by forex brokers are Seychelles and Mauritius. While both locales current compelling windfalls, their legislative frameworks, associated expenses, and overall prestige diverge considerably. Familiarity with these distinctions is crucial for brokers aspiring to identify the…
Internationally Operational FCA Licensed Fund Placement Service in the UK for Sale
December 20, 2024
An exceptional opportunity to acquire a well-established and internationally operational fund placement service. Authorized by multiple global financial regulatory bodies, this company offers a strategic position for investors aiming to enter or expand within the private asset fund market. Key Features of This Fund Placement Service Scope of Operations Specializes in raising capital for private…
Ready-Made LATAM PSP and European Crypto Licensed Structure for Sale
December 18, 2024
We are offering a ready-made LATAM PSP and European crypto licensed structure for sale, ideal for businesses aiming to expand operations in the LATAM and European markets or integrate traditional and cryptocurrency payment services. Buy ready-made LATAM PSP and European crypto licensed structure International LATAM PSP and European crypto licensed structure for sale includes advanced…
An outstanding opportunity to acquire a fully operational crypto company in Romania. Offering a diverse range of financial and digital services, this entity is positioned for growth in a favorable regulatory environment with significant tax benefits and future-proof compliance. Scope of Services of this Crypto Company in Romania The company is licensed to provide a…
Company with Portfolio Management and VASP License in Denmark for Sale
December 17, 2024
An opportunity to acquire a company in Denmark with portfolio management and Virtual Asset Service Provider (VASP) licenses, offering a comprehensive range of financial and virtual asset services. The company provides a clean operational slate with no debts or active clients, making it an ideal acquisition for businesses or investors seeking a strategic entry into…
If you plan to operate in financial markets and offer FX brokerage services to clients from regulated jurisdictions, you must apply for a Forex broker license, and Seychelles, definitely, suits well to get it. This license is required for all brokerage firms, mutual and hedge funds.
Reasons for choosing an offshore jurisdiction
Authorities in both offshore and onshore jurisdictions shall grand the license to the entity, which fulfils all statutory requirements, but as a rule, it is much more easier to adhere to offshore legal regime, it is especially important, in terms of minimum capital requirements. Below, the basic requirements for obtaining Seychelles forex license are displayed.
Seychelles Financial Services Authority will not grant a license unless it is satisfied that the applicant:
Is a domestic company or a company incorporated under the laws of a recognized jurisdiction;
Has at least 2 (two) natural person appointed as directors, residence requirements are not stipulated;
Has at least 2 (two) shareholders; legal and physical person can act as a shareholder.
Employs at least one licensed Representative of Securities Dealer and a Compliance officer. The directors can occupy this position;
Has a minimum paid‐up capital of US$ 50,000;
Satisfies the FSA that it is a fit and proper person to be licensed as a dealer;
Provides for a separate account to hold clients’ funds;
Has a local office;
Has Professional Indemnity Cover in place
The advantages of a Seychelles forex license:
Eligibilities of the license holder: the right to engage in securities trading, such as shares, options, bonds and others, as well as to manage investment portfolio on behalf of a client.
Offshore tax regime.
Seychelles is one of the most popular jurisdiction for the establishment of a brokerage company; all the necessary infrastructure for the establishment of a company and doing business is already present.
Seychelles is one of the best jurisdictions for opening a company and obtaining a Forex brokerage license in terms of reasonable cost and minimal capital requirements. Prompt timeframes are, also, worth mentioning:
Establishment of a Company – 1 week;
Preparation of all necessary documents to apply for the license – approx.1 month, subject to the specific clients’ needs and the difficulty of a project;
Review of the application be the FSA – 1 months, period may be extended by the FSA up to 3 months
Application procedure:
1. Data collection.
This is the first stage, at which a comprehensive KYC procedure takes its place, the procedure incudes: verification of the identity documents, residence address, the source of funds and the check whether a client possess necessary education, qualifications and experience to engage in this business.
2. Preparation of the application.
At this stage, application forms to be filled and all necessary documents to be collected, this, also, includes drafting of the Articles and Memorandum.
3. Submission of the application.
After all documents collected and the forms filled, we will submit the application to Seychelles FSA. All government fees to be paid at this stage.
4. Further support.
Our specialists will be in touch with the FSA and monitor the procedure of application consideration.
Required documents
In accordance with the established requirements, each of the directors or officers, shareholders and beneficiaries must provide the following documents:
Police Clearance Certificate
Declaration of no history of Bankruptcy
Certified Passport Copy
Original or Certified Copy of Bank Reference Letter
2 Certified copies of Professional Reference Letters
Original or Certified Copy of utility bills
Resume / CV outlining experience in Forex Brokerage Activities and Qualifications warranting issuance of a license.
Information on who the target audience and market will be.
All documents must be issued no longer than 3 months prior to the submission, certified and, if required, translated into English and apostilled.
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 broker license, call us at the phones indicated on the site, or write to CRM form, our specialists will answer you online.
Businesses for sale
Forex Broker License in South Africa – For Sale
Africa, South Africa Forex brokers
New investment opportunity – Forex Broker License in South Africa for sale. Available to buy – South Africa Forex Category 1 License The license for sale allows for the provision of advice non-automated services and intermediary other services in the relation of the following financial instruments: Long-term insurance subcategory A; Short-term insurance personal lines; Long-term...
Forex broker license in Cape Verde
Africa, Cabo Verde Forex brokers
Cape Verde – Republic of Cape Verde – a state in Western Africa. Population 520,502 Income level – below average Capital – Praia Below is detailed information on what steps to take to register a business and obtain a Forex broker license in Cape Verde. The information includes the procedures, timing and cost of starting...
Forex broker license in Saint Vincent for sale
North America, Saint Vincent and the Grenadines Forex brokers
Forex broker with licensed MT4 and MT5 platform for sale Company was registered in Saint Vincent. The complete package include: • Forex broker website, app • CRM • Payment Gateway • Liquidity Provider Connectivity • MT4 & MT5 Full Licensed admin Asking price: on a request. Details: nick.b@eternitylaw.com, Telegram @beihuln Please feel free to join...
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.