Forex licensing

 

 

Forex License

 

Bulgaria Forex license
Bulgaria is a very cost effective solution that gives access to the EU market and as Bulgaria is a European Country the Financial Services License/Forex license allows full access to work in EU under operation. Bulgaria also has a 10% corporate income tax rate, compared to other countries the rate is low. New Zealand has a 30% income tax, Cyprus has 12.5% but minimum capital requirement is 250,00 euros.

License type: European Union EU
Time frame procedure: 4-6 months
Accepting New licensees: Yes
Capital requirements: €125.000 for Forex License, €730.000 for Market maker.
Costs: Relatively low
Tax rate country: 10%

Malta Forex license
Malta has established a strong financial services center that attract mass of fund managers, fund administrators, custodians, investment services firms and also Forex investment companies.
The investments services in or from Malta are a licensable activity under the investment Services Act, Chapter 370 of the many laws relating to Malta. Applications will have to complete an assessment of integrity and competence in order to be granted as investment service and have a valid license from Malta Financial Services Authority (MFSA).

License type: European Union EU+ (Gold standard)
Time frame procedure: 6-9 months
Accepting New licensees: Under specific terms.
Capital requirements: €125.000+ Own funds, €730.000 for Market maker.
Costs: Relatively high
Tax rate country: 0-35%

Cyprus Forex license
There are many advantages that Cyprus has within the Forex system. One of them being the low rate of corporation and is the European Union’s lowest rate of corporate tax. The rate of the tax is currently a flat 12,5%. The only other country to charge similair low standard corporate tax rates is Bulgaria, which has increased in foreign exchange brokers recently. Cyprus has become a attractive place for those companies looking to open a brokerage and can enable a company to reduce its tax bill to same degree.

License type: European Union EU
Time frame procedure: 6-9 months
Accepting New licensees: Under specific terms.
Capital requirements: €125.000+ Own funds, €730.000 for Market maker.
Costs: Relatively high
Tax rate country: 0-35%

Vanuatu Forex license
Vanuatu (formerly known as the New Hebrides Islands) is not as well known as some of the other tropical paradises in the Pacific Ocean, however it has plenty to offer business owners, especially those active in the finance industry.

Vanuatu offers a variety of tax benefits, with the nation having no income tax, no capital gains tax and inheritance tax, It is no surprise that Forex and Binary Options companies are not the only ones drawn to this specific jurisdiction.

License type: Offshore
Time frame procedure: 2-3 months
Accepting New licensees: Yes
Capital requirements: $2000
Costs: Very low
Tax rate country: 0%