After consulting with our professional corporate service advisor, you should be able to decide on the jurisdiction best suited to your needs. It's now time to get things started. The following step is to consider the various business models in the Forex industry, then begin the company incorporation process and file an application for a Forex license.
At this point, you should consider which model you want to use in your Forex business.
You should also develop a business plan and a financial forecast that includes all of your goals.
It's time to incorporate the Company after you've decided on a business model. This Company will serve as the legal entity of operations and will be established in the jurisdiction in which you have chosen to be licensed. Depending on your jurisdiction, there may be different corporate structures to choose from, and which one you use will depend on your needs
During the incorporation process, decisions on registered office, directors, shareholders, and capital must be made. You will also be required to submit documents such as passports, references, proof of address, and information about the Company's structure and purpose.
In jurisdictions where a Forex broker license is required, you must apply for the license before you can begin operations. You must apply to the relevant regulatory body with all supporting documentation. This must then be approved before the Company can start its activities.
Following license approval, you will also need to set up payment and settlement accounts and engage payment processors to handle online payments. Before agreeing to provide you with their services, these entities will need information about your license and Company
Once you have your license, you are almost finished setting up your Forex business. Most jurisdictions require you to submit periodic reports and statements. You may also be required to renew your license, pay annual company fees, and file tax and revenue reports. The alliance team can help you with all of your obligations.
Obtaining your Forex or securities dealer license may be difficult, but it is worthwhile. Alliance Advisers has the know-how and the expertise to guide you through the entire process and assist you in making informed decisions. We've helped an increasing number of clients apply for, obtain Forex licenses, and incorporate their Forex business entities.
Depending on the client's business operations requirements, Alliance Advisers can fully assist in every single aspect of the launch of the actual business operations by employing over two decades of experience in the financial brokerage industry.