COMPANY FORMATION

Get a Cyprus Forex Broker License

PheasanTech offers a complete package for a Cyprus based investment firm. We also help you in every step of the way to ensure your business integrity during Cyprus Forex Company Formation. Our full package services come with all the mandatory requirements that are crucial for a successful registration and renewal with the CySEC and compliance procedure with the regulatory body.

Cyprus is one of the highly regulated governing bodies in the Forex industry. A well-established and most respected jurisdiction to carry out a financial business, which has very strict government rules and regulation, laid by authorities of CySEC. The CySEC Broker License gives you the reliability and safety among the European jurisdiction. CySEC is highly stringent licensing regulatory body. Without registration, the Forex Company will not be regarded as a professional institution.

From the Client

Related to the Process

Note: The ad-hoc additional documents are requested from any authority or institution during the process

CySEC by law must come to a decision of submitted and completed application in the span of 6 months from the application filing date, and it must further notify the applicant of the rejection or acceptance. All the necessary information should come along with authenticated documents and other details which are necessary to complete the application. The Authority may request further clarification or details pertaining to the submitted application within the 6-month period.

Deposit Required Amount
Minimum Initial Deposit € 1,25,000
Market Maker € 7,30,000
Clients Fund (CF)€ 80,000
  • Cyprus benefits from a low corporate tax regime and an impressive range of double taxation treaties with more than 40 countries.
  • The Corporate tax rate of Cyprus is 12.5%.
  • Profits from securities are tax-free.
  • No tax on dividend payment to non-residents
  • Profits, Interest, Dividends, Capital gains and any other related gains arising from disposal of shares in such investments can be freely remitted overseas without any restriction.
  • Traders/Investors can complain directly to CySEC
  • A physical office in Cyprus is mandatory. While in the company structure you need to have at least 2 executive directors and 2 non-executive directors. All of them must be domiciled in Cyprus.
  • At the same time, you need to have 2-3 people based in Cyprus and can work at your Cypriot office. Usually they are 1 executive director, accountant/compliance/back office person.
Cyprus Forex Broker License Procedure

HOW WE HELP

Our Process for Forex Company Formation

Cyprus Forex Broker License Procedure
  • Gather and prepare all the documents, including those of due diligence reports pertaining to the Forex requirement
  • Prepare initial corporate documents and statutory declarations by the shareholder/director to the CySEC
  • Establish a Cyprus company
  • Preparation of AML procedures and custom tailored business plan
  • One month before getting registered in CySEC, you need to have bank guarantee as the regulator that you have 125000 EUR (For STP license and Binary options) or 730000 EUR (Market Making license) in your bank account.
  • Submission of report and all corporate documents to the CySEC to start the process of application
  • Ad-hoc support and provision of minor documents required during the process
  • Before company formation, you need to start with the operating requirements i.e. you need to transfer approximately €30000 to Cyprus Compensation Fund
  • Receipt of Cyprus Forex Broker License from the regulatory body and delivery of documents to the Client

Other Allied Services (Optional)

Our optional services include assistance with:

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Client Testimonials

  • I am very happy with the work done by PheasanTech. I would definitely recommend this to anyone. The finished product was exceptional, very professional and just what I wanted. It was really easy to share my views and feedback throughout the process. All the banners, design, even the content was great. At last, I got a dependable and capable partner for my web needs.

    Seven Star FX
  • Great work, they help me with the St. Vincent forex broker license process step by step, with continuous follow up & support from start to end process. I would really recommend them because they deliver on time in fact somewhat earlier than the time line given.

    Edwin