Well, after registering a company, the owner needs to obtain the correct license. Now for most other industries, a license wouldn’t set you back to much, maybe EUR 500, or in some cases maybe even EUR 1,000. Getting yourself a Forex Trading company license is a whole different kettle of fish though! If you want to do it properly then you’ll need to contact the CYSEC and they will charge a upfront fee of EUR 27,000 for the license.

So is that it, you are ready to go? Unfortunately, it doesn’t stop there after paying for the Forex Trading company license. The CYSEC incur a lot of fees and charges which will generally range between EUR 5,000 and EUR 10,000. So before you even become legal you will have forked out anything between EUR 32,000 and EUR 37,000.

As mentioned before, this is a big industry. In fact, you should be glad that setting up in the industry and buying a Forex Trading company license costs so much. It allows the market to remain competitive but not quite flooded, so there is plenty of scope for expansion on a daily basis. Even a small slice of such a big market could potentially make you a millionaire if you play your cards right.

The problem is, there is a lot more to it than simply purchasing a license. The related authorities require a decent commitment and one that needs to be paid in full before trading. If your company is looking to offer advice or simply the transmission of orders, then you’re in luck as you’ll only have to produce a share capital of EUR 80,000.

On the other hand, if you are looking to do anything else you could be charged an upfront share capital of EUR 200,000. In fact, in the most extreme cases the related authorities will actually require a share capital of EUR 1,000,000. Of course this is out of most peoples reach, but is one of the reasons that there is still plenty of money to be made in the Forex market!Making a decision before you proceed is definitely a wise choice. Ensure that you know exactly what your company will be doing as this could save you a lot of cash when producing share capital. Remember if you need to upgrade to a higher licensing agreement then this can be done as and when you need to. There is no need to invest a higher amount of share capital if you don’t need to! This money could be used to develop your business, rather than be wasted as share capital.

Register a Forex Trading company in Cyprus now.

Cyprus company formation fees include Cyprus company formation or registration fees which stands at United States dollars 1.975. However a ready made shelf companies goes at USD 2.375. The registration fees include Power of Attorny (POA), Memorandum of association and articles and registration certificates, official company certificate and apostilled registration document and shareholder certificate.

After the company has been set up, further payments are to be made in different lines annually. The lines include company secretary which is required by the Cyprus company formation law and rates at USD 525.00; registered office as is required by law of USD 525.00; nominee directors’ fee of USD 525.00 per nominee carried out by the business corporation; nominee shareholder’s fee of USD 525.00 per nominee, foreign nominee shareholder fee of USD 525.00 per nominee; and foreign nominee cost of USD 525 Per nominee. It is important to note that nomination of both foreign and internal shareholders, directors is optional.

Once all the required information and costs have been settled, Cyprus company formation will take between one to two weeks duration to fully incorporate a company. however if you go for companies on the shelf, you are required to wait for one day to get started with your acquired company documents and other necessary requirements.

Cyprus company formation’s accounting records are usually kept by all companies in its territory as is required by the law. Financial statements must also be submitted to the Inland Revenue and registrar of companies within its boundary for auditing purposes. All the companies under its jurisdiction are required by law to pay 10 percent TAX on all profits, however if the company is registered by IBC no tax is charged.

Unlike other companies, Cyprus company formation demands passport or any picture ID copy, phone or electricity utility bills usually presented in English, and an n agreement sent on request to the client.

Finally it is worth noting that the cost of annual accounts preparation for the company depends on the amount of transactions made on your behalf. These services are providing by practicing accountants and auditors who are offering these services at affordable rates. Apostilling of the documents outside the country will cost euro EURO120 due to foreign bank requirements. All the proceeding payments for offshore company address and secretary are set at euro EURO690.

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.

One of the reasons that makes Cyprus a suitable country for international investors is the low taxes they levy because of the double-taxation treaties it has with other countries. What’s more, the economy of Cyprus is very stable and can support any type of business whereby the companies enjoy low business costs. Cyprus has no political issues that could affect the business transactions in the island.

Cyprus is a member of the European Union making it a suitable place for European nationals to form companies in the country seeing as they have treaties with the countries. This has given opportunity for off shore companies to enjoy ease while doing business across the boundaries with low charges on the imports in the country. In the European Union, Cyprus has the lowest corporate tax rate therefore appropriate for offshore company formation for organizations of European or non-European nationals. In addition, seeing as there is very low corporate tax the capital cost and business costs for new international investors is very low, therefore, it is no hustle to come up with the finances for interested parties who would wish to invest in the Cyprus market.

Services such as the efficient banking for locals or non-locals, efficiency in legal services as well as the accounting services make it a strategic area for the building of organizations. Over the years the island has proved to have a very stable financial situation in addition to being politically stable and therefore it is ok for one to state that while thinking of setting up an offshore company one should think of Cyprus.

Prior to the introduction of the European union, Cyprus was a haven for offshore company formation but still even after the introduction it is still a suitable locality to invest in. Another reason that makes Cyprus an appropriate place to invest is its physical location; which is the fact that being an island on the Mediterranean Sea, it offers an ample harbor for ships to anchor. As a result, imports by sea can be done easily as compared to landlocked countries.

The telecommunication technology and networks is very advanced in Cyprus. In addition, the infrastructure in Cyprus is up to date making the international and local communication very efficient. When an International Corporation is starting up in Cyprus it is not a requirement for them to offer disclosure on the owners therefore they can use nominees and they do enjoy no exchange controls imposed to them. Offshore company formation is particularly suitable for holding companies and import or export companies as well.

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.