Forex license in Cyprus

Cyprus is a reputable jurisdiction known for its transparent regulation, clear licensing procedure, and control system over brokerage companies. Contact SBSB Fintech Lawyers if you need to obtain a Сyprus forex licence. Our experts will provide comprehensive legal support for the licensing process, taking into account all the requirements of the local regulator.

Advantages of Cyprus license forex

The forex market is officially recognized in Cyprus, and the activities of brokers are legalized. The Cyprus Securities and Exchange Commission (CySEC) is responsible for issuing licenses for investment activities and supervising brokers.

Advantages of a license obtained in Cyprus include:

• ability to provide services within the European Economic Area after passporting, as well as in Liechtenstein, Iceland, and Norway;
• permission for brokers to advise clients and manage their investment portfolios (the functionality of services depends on the chosen type of license);
• favorable tax climate;
• reliable banking system.

In Cyprus, an applicant can obtain the following types of licenses:

• Standard license allows broker firms to manage clients’ investment portfolios, hold their funds, and provide other services;
• Full license gives licensed companies the right to act as a counterparty, executing clients’ transactions.

You can get full information about the types of licenses, their functionality, and SBSB services by contacting the phone numbers provided.

Forex Licence Requirements Cyprus

Among the main requirements that the regulator imposes on the licensing procedure, it is worth noting:

• the company must have four directors, three of whom must be Cyprus residents;
• an office must be registered in Cyprus;
• payment of the minimum share capital (for a standard license, it is €125,000, and for a full license, it is €730,000);
• hiring a risk manager and professional traders.

Please note that according to the Cyprus forex trading license requirements, the funds are frozen for the duration of the license after the share capital is deposited into the bank account. This is a guarantee that the company is financially solvent.

The necessary documents for obtaining the Cyprus forex trading license include:

• business plan;
• description of the organizational structure;
• financial forecast;
• personal data of shareholders and directors.

Obtaining a license or dealing with the Cyprus forex license for sale is a complex process that requires deep knowledge of legislation and regulatory issues. Contact the experts at SBSB, who specialize in investment projects. We offer each client an individual solution, saving your time and effort.

Stages and Timing of Obtaining Cyprus FX License

According to Cypriot legislation, companies must go through several stages:

• create an investment company (CIF);
• open a bank account and deposit the share capital;
• hire employees according to the regulator’s requirements;
• prepare documents and submit them to the regulator.

The review period for documents submitted to the regulator may take 6 months or more. Contact our specialists for a preliminary analysis of your project!

Cyprus Forex License Cost

To determine the cost of obtaining a license, it is necessary to take into account the features of the project, the type of license, and the number of additional services in the registration process. Our specialists can provide you with an exact price after a detailed analysis. To get more accurate information, leave a request for a consultation!

How to Obtain Cyprus Forex Broker License with Full Legal Support

Since 2013, the SBSB Fintech Lawyers team has been offering clients qualified services for obtaining a brokerage license. We help you choose the optimal jurisdiction, taking into account the regulator’s requirements and tax specifics, and if necessary, find the forex broker license for sale in Cyprus. SBSB experts provide comprehensive support for the project, taking care of all legal and organizational issues.