Application for an EU forex broker licence. Service offer

1. two local qualified directors (in most cases two additional non-executive directors who need not be residents);
2. physical office in the country of incorporation;
3. local qualified Compliance Officer;
4. developed and adopted AML procedures in place;
5. individually drafted business plan and financial projections for 3 years;
6. Due Diligence and the fit and proper test successfully passed by the individuals in the structure;
7. paid-up minimum share capital (depending on the licence category: from EUR 50 000 to EUR 730 000);
8. external auditor.

The company must meet the minimum share capital requirement which depends on the functions performed and the ability to accept client funds.

The minimum required capital is EUR 50 000 and the maximum one is EUR 730 000.

The cost of renting an office with a separate address depends on the size and location of the premises, as well as the amenities available. Our fees for searching for office space is 15-20% of the annual rent.

Effective management in the country of incorporation requires a local qualified director who is officially employed and is paid a salary, and a local Compliance Officer. Depending on its size, a company may also require sales, technical support, compliance, and accounting staff.

Staff recruiting services are provided upon request based on business needs, employee’s duties and work schedule and cost 25-35% of the employee’s annual salary.

• passports of the individuals in the structure (2 notarized copies with a notarized translation into English for each individual);
• proof of residential address of the individuals in the structure (utility bill), not older than 3 months (original and 2 notarized copies with a notarized translation into English for each individual);
• bank reference letter for the directors and shareholders;
• proof of education in the relevant field (notarized copies with a notarized translation into English);
• CV of the directors and shareholders;
• clean criminal record certificate for the directors and shareholders;
• completed and signed Application;
• Declarations;
• set of documents for bank account opening, completed and signed bank forms (the list of documents depends on the specific bank);
• AML (Anti-Money Laundering) procedures;
• Business plan;
• Financial projections for 3 years;
• Balance sheet with projections;
• AML/CFT Declaration;
• confirmation from the bank of the paid-up share capital.

Note: This list of documents is for reference only. The regulator and/or the bank may request any further documents and information.

The cost of administration of a forex broker in the EU, including office and staff costs, starts at EUR 150 000 per year (depending on the country of incorporation and the specific business model used). The cost of company incorporation with application for a licence starts at EUR 55 000.