Non-licensed Forex brokerage company
It is allowed to start with the Forex activity without huge investment at the beginning. Moreover, you will save a lot of time and effort for the start-up. We have prepared a special solution — a non-licensed Forex brokerage company.
It usually takes up to 3 months to get a license and the cost for the license varies from 10,000 to 15,000 Euros. For a Forex beginner, this is not advantageous provision, in fact.
Many of our clients started with their activities as a non-licensed Forex company prior to get the prestigious license.
Our lawyers have prepared some reliable options to consider by our customers.
Saint Vincent and the Grenadines – non-licensed Forex brokerage companies
In this jurisdiction, the Forex activity is not prohibited and under certain conditions, proper Charter and applicable approach, a Forex company may be registered with ease.
In a given jurisdiction, a company may do without the accounting; no taxes are applicable. To note, there are no requirements for the insurance deposit (for example, the more recent deposit with the Republic of Vanuatu is equal to 50,000 USD). There are no requirements for the minimum stock capital and filing of special reports, either.
In this jurisdiction, we have registered more than 20 Forex companies that successfully run to this day.
As all the required documents are prepared by the customer, a Forex company may be registered and handed over to the customer within two weeks.
The cost of a Forex company in this jurisdiction starts from 1,000 Euros.
Marshall Islands — non-licensed Forex brokerage company
In the Marshall Islands, a company focused to deal with financial markets, particularly Forex or binary options, is not subject to licensing, either, provided that certain conditions are fulfilled.
The only difference from the Saint Vincent is that the company will be handed over to the customer within 3 days upon submission of all necessary documents and will cost a little less expensive than on the St. Vincent.
Although licensing is not required on these Islands and a specific body is not applicable to control the Forex activity, the company should be established with care. The beneficiary of the company should have a good history and the required experience to subsequently connect to payment systems and open bank accounts.
Banks and payment system will request the following information:
- A copy of the passport of the beneficiary.
- Letters of recommendation/Reference letters.
- Utility bills to confirm the residence of the beneficiary.
- The corporate website.
- A small business plan.
- Other documents may be required.
We also have affiliate payment systems and banks that are available to provide servicing to such companies.
There are options with other jurisdictions.
For more detailed information on non-licensed Forex brokerage company, please contact our specialists.