Discover how we assisted a client we have from France. He wanted to enter the Forex market and was looking for an optimal jurisdiction for registering his company. We helped him in acquiring a license and found a solution for him to manage payments, provide security and confidentiality, and access global markets. Read on to discover the solution, and see how we can assist others, maybe you, grow your company and protect your interests.
Story
As stated, the client wanted a license for the Forex market; however, obtaining a brokerage license was not his only goal. He also wanted to establish reliable channels for international financial operations. The Forex market is among the most high-risk financial markets. In addition to having professional skills, you have to comply with various legal regulations.
Choosing the right jurisdiction was a key factor for our client, as he wanted to minimize risks and start trading as soon as possible.
The client realized that the success of his company would depend on choosing the right jurisdiction. He needed to be able to acquire a Forex license in a tax-neutral jurisdiction with a proactive regulator who would approve the license fast. The Forex market is highly competitive and every day can make a difference. With this in mind, the client wanted the whole process – from registering the company to obtaining a license – to go smoothly and without delays.
After scrupulous analysis, the client chose to cooperate with us because he believed in our expertise in international planning and company registration in different jurisdictions.
Registering a company was not the only important thing for our client: he also wanted to have stable and secure payment channels that would allow working with international clients. Given the large financial flows, the security and confidentiality matters were of high importance as well.
He understood that traditional banks shy away from offshore forex business because it is hard for them to manage the risks. Additionally, the secure, stable, payment channels and confidentiality would also be necessary for fintech businesses. Ultimately, he insisted on having redundancy in the form of multiple payment channels, allowing him to support as many payment methods as possible from different markets.
Solution
We suggested that the client should register a company in the Comoros Islands, as it was possible to acquire a brokerage license there within a short time. Our team provided him support at all stages of the process, from preparing the application documents to obtaining a license. Within only 3.5 weeks, the company was registered and the license was issued.
The work did not end there, however. We also registered a subsidiary company in Cyprus for the client to facilitate payments from customers from Europe and other parts of the world, including a legal opinion from Cyprus confirming his right to do business in the EU market on a reverse solicitation basis. Additionally, we opened a merchant account in Cyprus, enabling our client to send and receive international money transfers via reliable banking systems.
Result
Thanks to our professionalism, the client was able to launch his company and start quickly trading in the Forex market. A company and a Forex license in Comoros allowed our client to enter the market efficiently, plus a subsidiary and the fintech accounts in Cyprus secured his financial flows. Within only a few months, our client started to make profits and expand his client base. Today, his company keeps growing and he is thinking of setting up representative offices in other countries.
26 August 2024 