Opening a forex company in Cyprus
Individuals interested in investing in Cyprus can set up a forex company that will operate at the local and international trading markets. A forex company assists other investors by offering advice on the investment opportunities at forex market.
Forex markets refer to the activity in which the currencies that are available in the jurisdictions around the world are traded. They are usually open 24 hours a day, five days a week. Forex companies must obtain special permits for their activities and Amazon Corporate & Immigration Services can provide assistance in this matter.
Registration of a forex company differs from the registration of most companies in Cyprus as it must comply both with the rules established by the Cyprus Companies Law and with the provisions governing the investment activities.
It is important to know that the minimum amount of the authorized capital of a forex company is set in accordance with its specific types of activities (for example, investment consulting or trading through the forex platform). The Law on Investment Services and Activities and Regulated Markets, adopted in Cyprus in 2014, stipulates a minimum share capital requirement.
Upon completion of all the stages of the registration inherent in an ordinary company, the investor will need to obtain a license to trade at forex markets, which is issued by the Cyprus Securities and Exchange Commission (CySec).
Please contact our consultants for detailed information regarding the regulation of the activities of forex companies in Cyprus and/or registration of a forex company.Read more