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A Forex license - Cyprus

Cyprus is a convenient state for starting an entrepreneurship. A distinctive feature of this jurisdiction is obtaining Cyprus brokerage licenses. This region boasts many specialized financial organizations with qualified personnel.

To register a broker license in Cyprus, an investment firm must be established first. To do business in the EU, you need to obtain a permission from the Cyprus Securities and Exchange Commission.

To obtain a Forex license in Cyprus, you need:
  • to display investment services, that you provide in this jurisdiction and in the EU;
  • to get personal advice on investing securities;
  • to get a help, managing your portfolio;
  • to perform transactions on behalf of the client;
  • to carry out a lending process to carry out financial transactions;
  • the registration/transfer of transactions;
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Advantages for those, who decide to apply for a Forex license in Cyprus:
  • CySEC permits are recognized by all EU countries;
  • a respectability, the authority of this jurisdiction;
  • fairly quick, easy licensing in Cyprus;
  • an opportunity for investors/players to complain directly to CySEC;
  • an ability to check for a license online.
Basic requirements of CYSEC for obtaining a Forex license in Cyprus:
  • the availability of a Cyprus commercial firm;
  • the enterprise must provide a Memorandum indicating the types of activities;
  • the presence of one executive director (a resident) with the appropriate financial background, without a criminal record;
  • a mandatory presence of full-time employees: secretary, accountant, 4 specialists of the board of directors, risk manager, 2 traders, heads of IT, financial and brokerage departments;
  • a presence an office in Cyprus;
  • the size of the authorized capital varies from 80 thousand euros to 1 million euros;
  • a package of all necessary documents requested by CySEC.

You can ask for individual advice on obtaining Cyprus permissions with IQD Consulting specialists. This will allow you to get a full package of services: to register a company in Cyprus, to open an account with a Cyprus bank and to apply for a Forex license in Cyprus.

  • The information outlined in the article is actual at the time of its publication.
  • Please refer to our specialists for checking possible solutions for your business.
  • Still have any questions?

    Fill out the form or contact us as you find convenient. Our experts will help you resolve the issue.

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