The markets are open 24 hours a day which means even when you sleep you will be making a nice bit of cash. Of course, there are quite a few companies already battling it out in the market as it is, but that certainly doesn’t mean there is not scope for you to setup. (more…)
No CommentsThis is the most frequently asked question from people looking to register a Forex Trading Company. Of course, there are a range of answers, as it all depends in which area of Forex your business operates. The Forex industry is literally made of money, so if you only have EUR 5,000 to spare, then don’t expect that to be getting you very far. (more…)
No CommentsWe all have that dream; the one where we wake up when we want, work when we want and answer to nobody. Of course, for many this dream will be just that, where as for others, it will eventually be a reality. Here is the thing though; if you sit back and relax on your time off from work, it will be a dream. On the other hand if you take the initiative to move your life forward, the chances are you can be living the dream before you know it. (more…)
No CommentsThe main problem people have after making a decision to register a Forex Trading Company is the outlay that it requires. Don’t get me wrong, setting up a business in this field is definitely not cheap, but if you do it correctly it could be well worth your time and money. The market is exploding and expanding faster than ever before and because it is a hard market to start up in, there is still plenty of room for new comers. (more…)
No CommentsSo many people want to take that first step to leaving their day job, but their lack of knowledge does not let them. They might have a great idea that could actually be executed part time or from home, but the risk against reward makes them stick their job. Here is the thing; 9-5 jobs are not as stable as they used to be and pensions are no better! (more…)
No CommentsOne of the most lucrative businesses in the world is a Forex Trading Company. A lot of people look at becoming a trader, only to find they simply do not have the skills. The amount of people that actually look at setting up a brokerage is extremely minimal. This is because the legalities and complications of setting up this kind of business is just too much for the average individual. (more…)
No CommentsThe Forex market is bigger now than it ever has been before. Traders from all over the world are going head over heels to try and find out the best methods and strategies to make as much money as quick as possible. Of course, this information is under tight wraps and those traders who know the best methods try to keep them to themselves. (more…)
No CommentsHave you ever got out of bed and really not wanted to go to work? Have you ever wondered what it would be to never take orders off anyone ever again? Have you wanted to be your own boss? Do you want to work where you want and when you want? Do you like the idea of setting up a company and making a substantial income? (more…)
No CommentsSetting up a business can look like an extremely complicated process from the outside. For this reason most people choose to stick to their day job, taking orders and getting paid ridiculous low wages for their efforts. Luckily, you have chosen to embark on a journey that will not only change your life, allowing you to be more flexible, but also earn a lot more money.
If you try to setup a Forex Trading Company on your own, without any external help, let me tell you now you will have problems. You’ll spend so much time, money and effort, that you’ll probably end up giving up before you even start. There are a lot of company formation businesses that are on hand to help you out, and my advice to you would be to use them.
They specialize in company formation, so they have done this type of thing hundreds of time over. Whilst on the outset it might look like their services are expensive, the chances are that they will actually end up saving you money. You want to specialize in Forex Trading, so don’t try and specialize in company formation as well as it simply won’t work!
What I can tell you are some of the basics that a company formation business will take care of for you. Of course I’ll make this simple but the whole process is a lot more complicated than it sounds.
To start with, you company will have to be registered as a Forex Trading Company. From there a licence needs to be obtained which will be issued by the CYSEC. Don’t think that this is cheap, it actually costs EUR 27,000 and that’s without any other expenses. Fees for the CYSEC can range from anywhere between EUR 5000 right through to EUR 10,000.
From there, the preparation of documentation needs to begin. A company formation expert will prepare all the legal documents, as well as a detailed business plan to ensure everything is legitimate. These will then be compiled ready to be submitted to the necessary authorities and the CYSEC. This process can take quite a while, but the authorities will always keep you updated.
This is where things can get extremely complicated. The company’s share capital will need to be paid up in full. Of course, if the company will be offering services that are limited to reception and transmission of orders, or just investment advice, then this changes. For a full blown Forex Trading Company, expect the share capital to be EUR 200,000, where as if you are offering minor services, the share capital will be just EUR 80,000. Of course, this represents quite a difference, so it might be worth consulting an expert to ensure that you are making the right decision.
The documentation and the submission of the documentation is probably the most complicated part of setting up a Forex Trading Company. Of course, this can be handled by an expert, which means you don’t need to have any involvement. If you choose to do all this by yourself, then the chances are the process will cost a lot more and take a lot more time!
Register a Forex Trading company in Cyprus now.
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