All You Need To Know About Offshore Forex License

In order to start a forex broking business, you are required by law to obtain a money/forex broking license. The forex business is tightly governed and regulated by governments all over the world. And with the regulatory requirements becoming even more stringent, it has gotten more and more difficult for broking firms to venture into new regions. It is important that you choose the right region to launch your firm as its success greatly relies on this factor. If the ever changing challenges of the financial market are toe well tackled, a dependable and efficient regulatory body has to be there.

Benefits of Obtaining a Forex License

Below are some of the benefits of obtaining an offshore forex license:

• Low cost renewal fees
• Very affordable license fees
• Quick approval
• Low cost to operate
• Simple due diligence requirements
• Can operate around the globe
• No accounting or audit reports required
• Foreigners can act as owners or directors

The first step to ensuring your business will be a success is to obtain a legitimate license. With this license, you will be able to operate your business in a legal, ethical, and responsible way. When you obtain this license, also hire a licensed attorney and an accountant for sound legal and tax advise.

You should also note that many jurisdictions have stopped issuing forex broking business licenses. As a result, people have resulted on the internet where enterprising firms are selling artificial licenses. With a forex license, you will be able to conduct business around the world via the Internet. The license also allows you to open a number of branches in multiple locations. You will conduct the actual trades through your offshore company. It will take you 2-4 weeks to contain this license. However, this depends on how fast you provide the required documents, and on government processing times.

What Is Included in Your Offshore Forex License

• Name check
• The registration of the forex license
• Filing fees
• Legal verification
• Certification by notary
• Filing and registration of the license application documents
• Preparation and registration of the license application documents
• Company filing to gain legal protection
• Corporate kit and record book
• Office rent resolution
• Bank account opening
• Board meeting minutes documents
• Registration and license certificates
• Non-disclosure agreement for employees
• Agreement for employees
• Resolution to choose an accountant
• Resolution to choose a company attorney
• Noncompeting agreement
• Shareholder register
• Director registration
• Power of attorney