Regulators： Cyprus Financial Services Agency

Regulatory region： Cyprus

License Type： STP MM

Application price (USD)： ****

Application frequency： 5-9MONTHS

Maintenance costs (USD)： *****

Company summary： Cyprus provides a very comprehensive environment for foreign exchange brokerage companies. This is well-known and one of the best choices for the EU to obtain financial licenses. It follows very strict rules and regulations implemented by the Cyprus Financial Services Agency (CySEC Cyprus Securities and Exchange Commission) Company establishment and license acquisition: from 5 to 9 months Minimum paid up capital:~125000.00 or 730000.00 euros, depending on license type (STP or MM) The financial services regulatory body in Cyprus is the Cyprus Securities and Exchange Commission (CySEC). Due to becoming a member of the European Union, Cyprus fully complies with the requirements of the European Union Financial Instruments Directive (IMFID). There are two types of licenses in Cyprus that apply to foreign exchange, typically referred to as CIF - Cyprus Investment Company: Standard license - app. Brokers can hold clients' money, but cannot trade on their own; Full license - requir

Product details： Company structure One shareholder (or legal person, without nationality restriction) Two executive directors and two non-executive directors. Requirements for residency rights. Confidentiality Details about beneficial owners - not part of public records Details about shareholders - part of public records Details about directors - part of public records Local office Required Local employees Required (at least three) Company Name The company name must end with "Limited Company" (other suffixes are not allowed) and must be approved by the Registrar of Companies To obtain a license, the following steps will be performed: Summarize and prepare all documents for preliminary verification Once verification is completed and preliminary paperwork is prepared, services must be provided for the original document Establishing a company in Cyprus Apply for CySec to obtain a license, In this procedure, CySec will need to provide additional files to back up certain da