Foreign investors interested in investing in Cyprus
can also set up a forex company
, which carries out activities on the local and international trading markets
. A forex company
provides assistance to other investors, by offering advice on investment opportunities
in the forex market
. A forex market
refers at the activity in which the currencies available in jurisdictions around the world are traded. A as general rule, forex markets
are opened 24 hours a day, working five days a week. Forex companies
are required to obtain special permits
for their activities and our team of Cyprus company formation representatives
can provide assistance in this matter.
Incorporate a Cypriot forex company
Although most of the companies
are registered following the same procedure, the forex company
is incorporated in a different manner, as it must comply with both the regulations prescribed by the Cypriot Company Law
, as well as with those regulating the investment activities
The registration process
starts following the classical approach, applicable to all companies with operations in Cyprus
. The company
will have to be registered under a legal entity
, receive approval from the Registrar of Companies
for the proposed trading name of the business or prepare the statutory documents
, which must be drafted under the assistance of a legal specialist.
Further on, the company’s documents will have to be submitted at the Registrar of Companies.
with commercial activities are required to register for tax purposes
and for social contributions. It is also necessary to have a business address
and to set up a corporate bank account
for the newly incorporated company
; our team of Cypriot company formation agents
can offer more details on this matter.
Obtain permits for a forex company in Cyprus
After the registration procedure is completed, the investor will need to obtain a Forex Trading License, which is issued by the Cyprus Securities and Exchange Commission.
It is important to know that the minimum share capital of the company
is set up in order with the specific activities of the business (such as investment advice for investors
or trading activities through a forex platform). The 2014 Law on the Investment Services and Activities and Regulated Markets
provides the provisions for the share capital.