In the world of virtual assets, the legislative sphere can often be complicated and ever-changing. For crypto financiers looking to expand their functions, apprehending local legislations is paramount. This region, with its strong monetary sector and business-friendly environment, has become a promising place for tokenized ventures, suggesting a strategic hub for commercials searching for a…
With the expanding popularity of e-cryptocurrencies, this direction has become one of the prime locations for establishing fund vehicles. Digital holdings are maturing into a crucial part of both conventional and specialised portfolios. In 2021, one-third of conventional fund vehicles ventured in digital holdings, and two-thirds planned to amplify their ventures in 2022. Notably, this…
This type of licence is increasingly relevant as this region becomes a hub for e-currency operations. To obtain VASP licence in Argentina is essential for operating legally within Argentina’s growing crypto market, offering multiple benefits from regulatory support to potential tax incentives. Advantages of VASP Licence Demands for receiving this type of licence The submission…
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…
An established and fully operational group specializing in the forex brokerage industry is now available for acquisition. This group includes multiple entities with financial licenses, a comprehensive online presence, and a complete infrastructure supporting marketing, sales, and customer service. The structure offers investors a turnkey solution with an extensive global reach. Key Details of Forex…
The Ready-Made company with AISP License holds an EU AISP (Account Information Service Provider) license issued by the Danish Financial Supervisory Authority, enabling it to provide account information services across the EU. EU Passporting: The license allows for passporting to all EU member states, providing extensive opportunities for expansion across Europe. Bank Account: The Company…
Overview EMI License in Georgia This company, licensed by the National Bank of Georgia since 2015, is a well-established provider in Georgia’s financial services market, known for a broad range of innovative payment solutions and extensive reach across the country. Key Services E-Money Issuing: Reliable electronic money issuance services. Multi-Currency E-Wallet & Account: Efficient fund…
Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
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+1 (888) 647 05 40The forex market is becoming increasingly popular. All countries across the world revise their laws and introduce concessions for the financial market. This trend is now especially visible in CIS countries.
The demand is growing and forex is a fast and rather easy way to discourage investments and set up a thriving business. Therefore, the competition between companies is growing and the process of licensing became a soft way to regulate the market.
An insolvent, noncompetitive or illegal business does not receive a license and cannot provide its services. Business conditions are becoming transparent and shareholders can count on state support.
The type of license itself also plays a role. The more developed is the country in which you obtained the license, the greater the chance that you will have reliable partners and a large customer base.
Eternity Law International offers the following jurisdictions for obtaining a forex broker license:
The most popular jurisdiction are still current or former offshore zones, f.e. Cyprus, Malta, Beliz or Seychelles. Their market has formed a long time ago, so everything is provided here for the business owners. It is worth noticing, that Cyprus and Malta are one of the best options for brokerage activity, as they identified these areas as their priorities.
We also recommend our clients to pay attention to the conditions in the UK, the USA, Australia and some European countries with a stable economy – Switzerland, Latvia or Estonia. It is easy to set up business there and you will have an opportunity to enter other European markets, which are situated near.
Before choosing an appropriate jurisdiction it is better to form a business plan and outline your main goals and plans for the next years. The experienced consultant will help you to pick options that will satisfy your basic needs – the list of possible partners, confidentiality, terms of license obtaining, state support, low taxes and so on.
It is important to analyze the political and economic situation in the country you are choosing. After all, your business should exist for more than one year. Some countries are already declaring that the development of the forex market is included in their priority plans. Some countries keep silent, which means that you should not invest money in their markets.
Also, we recommend paying attention to the banking system. The license requires the opening of the bank account and conducting all financial transactions through the local bank.
If you plan to provide services on the EU territory, you will meet a process of passportization. What does it mean? After license obtaining in one country, you need to declare your plans to enter the other country. This rule applies to all countries-members of the European Economic Area.
Do not worry, this process is simplified. It aims to facilitate access to other markets. companies that have passed certification can freely provide their services in other countries.
The process itself is regulated by the Markets in Financial Instruments Directive.
Eternity Law international will gladly help you with forex license, and our specialists will answer all your questions. Take advantage of our many years of practical experience – save your time and your money.
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The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.