Eternity Law International — News — Forex license on Bahamas

Forex license on Bahamas

Published:
September 19, 2022

In comparison with other offshores, Bahamas have a fixed, step-by-step procedure of getting activities permission. FX firms who want to work in stable and reliable environment often choose this particular state. Forex license in Bahamas is a permit giving an entrepreneur access to a stable market, the privileges and possibilities of which we will list below.

How to get Bahamas Securities Dealer license?

For licensing, it is necessary to pass a firm official establishment – collect a package of documents confirming the identity of persons holding senior positions, directors and shareholders, develop commercial plans and approve internal mechanisms. When package of documentation is collected, you need to send an application for licensing to SCB. At the same time, according to the laws of Bahamas, it’s significant the company has a real physical address in state, as well as resident directors.

Points connected with financial activities in this state:

  • executive directors need to be residents;
  • it’s possible to work in accordance with non-agency commercial spheme, but then capital will be higher;
  • possessing Bahamas Forex license, firms have rights to trade shares and options dealing with others similar;
  • licensing procedure takes up to six months.

Requirements for FX brokers activities

Registered organization needs to have sufficient financial resources to carry out its own business responsibilities, be able to withstand the risks that arise in the course of work, and comply with all existing rules.

  1. A registered firm authorized to conduct any transactions with securities needs to have a starting capital of 300 thousand US dollars.
  2. For organizations with rights to conduct consultations on securities, amount of start-up means is from 25 thousand dollars.

What is included in the initial capital:

  • money and their equivalents;
  • money market funds in Bahamian or US dollars accounts in Bahamas;
  • market price of securities of Government of islands less than 10%;
  • market price of securities listed on a securities exchange approved with law or on securities exchanges of another country authorized by Bahamian Commission, excluding a percentage determined by Commission from time to time.

Firms with Bahamas Forex broker license need to have certificated auditor. Auditors annually check financial recordings according to all standards and create an audit report. In addition, organizations with FX in Bahamas need to keep books of financial transactions.

Islands offer favorable conditions for the launch and development of FX projects. Our specialists provide complete support in obtaining Forex licenses in Bahamas and proffer a plenty of variants for ready-made companies for sale. We’ve extensive experience in accompanying clients in the purchase of businesses and licensing. Contact us now and we will become your reliable partners along the way.

You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.

You could be interested

Cryptoasset registration in UK

Cryptoasset businesses can now register with FCA in UK and provide their services to clients in Europe Just like the popular Estonian Crypto licence, the new format will enable fiat to crypto exchange and cryptocurrency being placed in e-wallets All existing UK cryptoasset businesses must register with the FCA by 10 January 2021. New cryptoasset...

Company registration in Argentina

Argentina still has not been able to fully overcome the economic crisis that has been going on over the past decade. The state must still make a lot of efforts to revive the economy. Therefore, the country’s government is trying its best to attract foreign investors. In recent years, experts say, Argentina has been moving...

Tax Conversion: Bers Plan

Tax Transformation: The Bers Plan is a step towards a new future improvement in the operation of this system. As part of the summit in 2016, the G 20 published a clear work plan to formulate a new taxation policy. The main goal is to find and eliminate gaps, shortcomings in tax legislation that promote...

Swiss Financial Market Supervisory Authority (FINMA)

The Swiss Financial Market Supervisory Authority (FINMA) is the cornerstone of economic regulation in Switzerland, a country known globally for its robust economic services sector. As an independent establishment, FINMA plays a critical role in maintaining the integrity, stability, and reputation of Switzerland’s economic markets. This article delves into the history, structure, functions, and significance...

Company registration in Antigua

Antigua is an island nation in the Caribbean. Recently, this jurisdiction has become very attractive for foreign capital owners, since it offers a fairly simple procedure for registering companies, combined with the highest degree of protection of the funds of the founders and data on the owners. Antigua is an example of a classic offshore...

Classification of investment companies in Cyprus

IFD and IFR introduced a new system designed to classify investment firms. This system is based on the activities of such companies, on their size, systemic importance in the overall structure and group partnerships. Therefore, the capital adequacy requirements of CIF will be based on the class of the investment company. The following four categories...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360