Internationalization Consulting Session

ST. VINCENT

Complete set up for an unregulated Forex company in st. Vincent and Grenadines island.

Efficient and affordable solutions available to start a Forex brokerage company from the broker’s point of view.  Stable, independent and politically free jurisdiction by the organization for economic co-operation and development. Most proffered taxation structures within members of British commonwealth, united nations (UN), international labor organization (ILO) and organization of eastern Caribbean states (OECS).

Advantages

• Exempt from local tax for first 25 years from date of registration
• No annual return to be filed with SVG authorities
• No corporate or withholding taxes
• Directors, shareholders and officers information are not disclosed on any public register

Broker requirements

• Notarized passport copy (English – 2 copies)
• Last 3 months utility bill (English – 2 copies with original)
• Director/shareholder’s bank reference letter
• Director/shareholder’s CV

Corporate information

• High-class international banking services
• There are two foreign-owned and locally owned banks each in the domestic banking system, operating under the supervision of the Reserve Bank of Vanuatu
• Excellent modern communications empowered by cutting edge technology
• Easy re-domiciliation option available
• Thanks to the high confidentiality, ofcers, shareholders or beneficiary owners do not require to show any identity proofs to the Vanuatu Financial Services
• Commission (VFSC)
• No tax on capital gains, profit, distributions or stamp duty for 20 years from the date of the company formation

NOTE: documents may be requested from any authority or institution during the process

Malta

Complete package including all the mandatory requirements for a successful forex company formation and renewal with Malta financial service association.

A stable and advanced economy, regarded as one of the strongest financial centers in the world. Forming a broker company in Malta offers you numerous benefits ranging from having a broker license issued by a well-recognized regulatory body, to acquiring favorable taxation.

Advantages

• Immense double tax treaty network with 70 countries
• Approachable regulator highly acceptable of new business proposals
• Various license types available
• Highly beneficial tax control.

Broker requirements

• Notarized passport copy (English – 2 copies)
• Last 3 months utility bill (English – 2 copies with original)
• Director/shareholder’s bank reference letter
• The copy of educational degree certificate (English)
• Director/shareholder’s CV

Corporate information

Minimum one shareholding applicant must already be regulated in the provision of financial services to MFSA satisfactory level
Minimum capital requirements: €730,000

NOTE: documents may be requested from any authority or institution during the process

United Kingdom

Complete package services provided with all mandatory requirements that are crucial for a full registration and renewal with the FCA insuring compliance procedure are set with regulatory body

Establish a brokerage in the united kingdom (via financial conduct authority, London). Providing and advising every step needed to maintain and sustain your brokerage.

Advantages

• One of the strongest GDP growth having country in the world
• Declared as the best regulatory body in the world with NFA

Broker requirements

• Notarized passport copy (English – 2 copies)
• Last 3 months utility bill (English – 2 copies with original)
• Director/shareholder’s bank reference letter
• Lawyer’s reference letter
• The copy of educational degree certificate (English)
• Director/shareholder’s CV
• Criminal record check certificate

Corporate information

London is regarded as one of strongest in fields of foreign investments and hedge funds
FCA, London has regulated highest Forex brokers who are duly authorized with FCA broker license
One of toughest and strongest regulatory procedure to obtain Forex license
Tax rate system:individual tax system starts from 20% / corporate tax is just 20%
United kingdom is the highest contributor in the Forex trading market with $2.6 trillion a day

NOTE: documents may be requested from any authority or institution during the process

Hong Kong

Complete package services provided with all mandatory requirements that are crucial for a full registration and renewal with the FCA insuring compliance procedure are set with regulatory body
Establish a  brokerage company via securities and future commission, Hong Kong.Providing and advising every step needed to maintain and sustain your brokerage.

ADVANTAGES

• business-friendly policies
• low tax system compared to other jurisdictions
• LOW compliance required than EU PROCEDURES

Broker requirements

• Broker requirements notarized passport copy (English – 3 copies)
• Last 6 months utility bill (English – 3 copies with original)
• Director/shareholder’s bank reference letter with account statement
• Lawyer’s reference letter
• Director’s/shareholder’s CV (minimum 6 years industry experience/minimum 3 years in a senior management role)
• The copy of educational degree certificate should be in English and Chinese language)
• Criminal record check certificate

Corporate information

Hong Kong is consistently regarded as one of the best countries in the world to open up the business due to the high amount of business-friendly policies and has the highest number of foreign companies in the world

Due to which FDI business is at its peak right now in Hong Kong

Tax rate system: individual tax system begins at 2% / tax 16.5%

NOTE: documents may be requested from any authority or institution during the process

CYPRUS

Complete package services provided with all mandatory requirements that are crucial for a full registration and renewal with CYSEC insuring compliance procedure are set with regulatory body
one of very few highly regulated governing bodies in the Forex industry. Well-governed and most respected jurisdiction to start a financial business, which has very strict government rules and regulation, laid by authorities of CYSEC. The CYSEC broker license gives you the reliability and safety among the European jurisdiction.

Advantages

• No tax on dividend payment to non-residents
• Profits from securities are tax-free
• Traders/Investors can complain directly to CySEC
• Low corporate taxation system and impressive range of double taxation treaties with more than 40 countries

Broker requirments

• Notarized passport copy (English – 2 copies)
• Last 3 months utility bill (English – 2 copies with original)
• Director/Shareholder’s Bank reference letter
• Lawyer’s reference letter
• copy of educational degree certificate (English)
• Director/Shareholder’s CV
• Bank statement, CAPITAL OF EUR 125,000 (For STP license or Binary options)
• (CAPITAL OF EUR 730,000 For Market Maker license)

Corporate information

• corporate tax rate 12.5%

Profits, interest, dividends, capital gains and any other related gains arising from disposal of shares in such investments can be freely remitted overseas without any restriction

physical office in Cyprus is mandatory. REQUIRED AT LEAST 2 executive directors and 2 non-executive directors IN company structure. DIRECTORS/NON-DIRECTORS must be domiciled in Cyprus

REQUIRED 2-3 people based in Cyprus THAT can work at BROKERS Cypriot office. Usually,are 1 executive director, accountant/ compliance/back office personEL

NOTE: documents may be requested from any authority or institution during the process

BULGARIA

COMPLETE package services PROVIDED with all mandatory requirements that are crucial for a FULL registration and renewal with CYSEC INSURING compliance procedure ARE SET WITH regulatory body

Bulgaria is a full member of EU which is controlled and regulated by Financial Supervision Commission (FSC). The licensed organizations are bound to follow rules and regulation set by them from time to time. Apart from the EU Regulators, Bulgaria has some other advantages which create an attraction for many Forex brokerages and makes it a popular choice.

Advantages

• Bulgaria has a stable and predictable economy with the lowest corporate tax in the EU at only 10%
• average salary of Bulgaria is comparatively low in the whole European Union (EU).
• LOW tax system combined with low labor costs makes it the most suitable for business.
• Two types of licenses available to choose from

Broker requirments

• Notarized Passport copy (Should be notarized in English – 3 copies)
• Last 3 months Utility Bill (Should be notarized in English – 3 copies with original)
• Director/Shareholder’s Bank Reference Letter
• Lawyer’s Reference Letter
• The copy of Educational Degree Certificate (Should be in English)
• Director/Shareholder’s CV

Corporate information

strategic location PROVIDING ADVANCED opportunity for investors ENABLING access TO entire EU and the markets of Central and Eastern Europe

Different tax rate systems: Corporate and Individual Tax: 10% / Dividend Tax: 5% / VAT: 20%

NOTE: documents may be requested from any authority or institution during the process

BVI

COMPLETE package services PROVIDED with all mandatory requirements that are crucial for a FULL registration and renewal with the FCA INSURING compliance procedure ARE SET WITH regulatory body

get approved by BVI Financial Services Commission, carrying out all the financial service activities including banking, investment services, insolvency and insurance business.

BVI Forex Broker Licenses are valuable regulators for many brokers. All the business registered under BVI FSC needs to abide by all their norms according to Securities and Investment Business Act, 2010. Even though a new Broker who is regulated under BVI FSC and has specific laws and regulations which are relatively new to the financial activity.

Advantages

• High level of privacy and confidentiality
• No capital gains, inheritance taxes or death duties
• No dividends, interest or royalties

Broker requirements

• Notarized passport copy (Notarization text should be in English)
• Last 3-months utility bill (Attached with original copy)
• Professional letter/ Bank reference on Director/Shareholder
• Copy of the educational degree certificate (English)

Corporate information

Basic requirements (SIBA):

Minimum required 2 directors. ANY NATIONALITY

PREPARE annual audited financial statements (appoint auditor)

Maintain adequate capital resources to conduct business (No minimum REQUIRED BY SIBA. (DONE case-by-case basis).

appoint a compliance officer and submit a compliance manual (mandatory approved by BVI FSC or apply for an exemption

Maintain Professional Indemnity Insurance (PII) or to APPLY A detailed self-exemption to PII

NOTE: documents may be requested from any authority or institution during the process

BELIZE

IFSC, Belize is a regulatory body holding responsibilities of issuing, renewing and regulating Forex Brokerage Companies in Belize jurisdiction. Belize is relatively cost effective and less time consuming than other jurisdictions and hence, considered as Forex licensing hub.

APEXUM ASSISTS YOU in every step of the way to ensure your integrity and confidence during Belize Forex Company Formation. Our complete package satisfies all the mandatory requirements of successful registration of Belize Brokerage Company and in-depth compliance with the IFSC (Belize).

Advantages

• Exemption from all local taxes for international business companies
• Well-developed financial industry and professional infrastructure
• Strict secrecy law which forbids disclose of financial information
• Excellent telecommunications system
• Access to the NAFTA members (Mexico, USA and Canada) by land, sea, and air is easy
• No foreign exchange restrictions for IBC

Broker requirements

• Passport copy should be mandatory notarized
• COPY OF Last 3-months Utility Bill (PLUS ORIGINAL)
• Director'(s) or Shareholder'(s) Letter with bank account statement
• copy of Educational Degree Certificate (ENGLISH)

Corporate information

Belize IBC is not subject to any taxes in Belize regardless of source of generated INCOME.

Provides protection against fatuous lawsuits separating ownership from individual liability

Directors or shareholders do not require filing their personal information on public record. An IBC register of shareholders is available for inspection only by shareholders or by order of the Belize Courts at the request of any shareholder

Public filing requirement includes a Memorandum (MOA) and Articles of Association (AOA) only

NOTE: documents may be requested from any authority or institution during the process