Eternity Law International — News — Terms for Obtaining a Forex Broker Licence in Montenegro

Terms for Obtaining a Forex Broker Licence in Montenegro

Published:
December 8, 2020

If you want to organize a Brokerage Company that will deal with Global Online Trading, Forex, Investment Portfolio management, research and financial analysis in the area of investment, Montenegro is the right destination for you.

We will enable you to register your Brokerage Company under very favorable conditions, obtain a license to hold financial instruments and monetary assets of your clients, all by the legislation of Montenegro.

Terms

The licensing process takes up to six month.

Legal form

In Montenegro, a brokerage company must obtain a license of investment firm and is to be formed in the form of joint-stock company, which is registered in Montenegro.

The license is issued subject to fulfilment of various conditions, the most important of which are:

Capital

The minimum capital requirement for the investment firm would be EUR 125,000 (please note that there are various capital requirements based on the actual activity of the investment company, but this particular amount would be required for a company providing the service of “reception and transmission of orders in relation to one or more financial instruments and execution of orders on behalf of clients”, and an auxiliary service of “safekeeping  and  administration  of  financial  instruments  on  behalf  of  clients,  including  custodianship and related services such as cash management or collateral management”).

Staff and corporate governance structures requirements

Proposed executive director and members of the board of directors (minimum three board members), must have high education qualification, good business reputation, and at least three years of relevant experience in financial markets sector.

Ongoing reporting obligation

Furthermore, once licensed the investment firm would be subject to reporting requirement to the Commission. With that respect, the company is obliged to deliver to the Commission (i) quarterly financial reports plus the audited annual financial reports, and (ii) also to deliver separate quarterly business reports.

Business plan

The company must have a three-year business plan, especially containing organizational structure and description of products the company intends to offer.\

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

ESTONIAN FOREX BROKER LICENCE

Europe, Estonia Forex brokers
At the legislative level in Estonia, services such as Forex brokerage are classified as investment. For a company that wants to provide these services, it is necessary to obtain an EFSA license. Thus conditions are regulated in accordance with domestic Securities Market Act, and MIFID the EU directive on financial instruments in the EU markets....

Forex Broker License in Czech Republic

Europe, UK Forex brokers
Czech is a fairly progressive country accepting and strongly supporting innovative technological developments and trends. Forex trading in this jurisdiction is officially allowed. Investors are given the opportunity to join EU commercial areas and take excellence of privileges that it grants. Czech Republic has developed a strong and strict yet loyal legal and regulative framework...

FOREX BROKER LICENSE ON CYPRUS FOR SALE

Europe, Cyprus Forex brokers
CIF LICENSE ON CYPRUS The CIF was recently authorized by CySEC to offer STP Brokerage services on CFDs and hold clients funds/assets. The CIF has fully operational corporate and client fund bank accounts with EU credit institutions (UK and Cyprus) and is ready to on-board Clients! Licenses for: Reception & Transmission of Orders, Execution of Orders. It...

You could be interested

ICO in Switzerland

CURRENT ACCOMMODATION OF COINS OR ICO FROM VIEW OF SWISS law The initial placement of coins, or, as it is also called ICO in Switzerland is considered an irregular method of involving an investment in a project. In essence, it is the issue of digital coins or tokens that are used to create a new...

Polish Fintech landscape

Nowadays, Fintech is a rapidly developing industry in Poland. It includes innovations in the fiscal sector and all the establishments which elaborate and advance these new technologies. Both of these aspects are quickly evolving in the country. That industry frequently concentrates on digital assets, risk protection, data storage services, Big Data, and AI. This guide...

Implications of Brexit on attorneys and legal services

For the latest information on this topic, we invite you to familiarize yourself with our new research on Brexit, business and law. First, a disclaimer: there is a wealth of information on the possible effects of Brexit – too extensive to be comprehensively covered in this article. So instead, we’ve outlined common concerns in several...

What is a utility token?

Below, we will try to find out what is a utility token? It’s a specific kind of token helping in capitalization or financing of projects for new businesses, companies or groups of project creators. The UL token, which is called a service token, is used as a guarantee of taking part in large sales to...

France Authorised Crypto Companies

France stands as an alluring haven for cryptocurrency enterprises, proffering an unequivocal legislative framework and a propitious atmosphere for fintech advancement. As an integral member of the European Union, the nation ensures adherence to supranational edicts while nurturing the proliferation of blockchain and digital assets. Ventures desiring to create a crypto company in France benefit...

Ready-made company in Nigeria

Nigeria offers foreign investors increasingly favorable conditions for doing business. Opening a company in the territory of the jurisdiction is a great start for the development of the African market or the successful diversification of assets. Our specialists offer companies for sale in Nigeria and full legal support at all stages of registration of activities....

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
+852800938622 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
Calls are made only from Portugal

Tbilisi

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