Regulated forex brokers are facing increased pressure by local forex watchdogs and this brings the option of offshore licensing of forex brokers back in the limelight. Stringent regulatory and compliance requirements across the globe mean that entry barriers to the forex market increase and this renders the choice of jurisdiction as crucial as ever for the success of new entrants to the forex brokerage landscape. The licensing environment in the forex market keeps changing and presents new challenges continuously, and thus it has to be effectively tackled by finding the right jurisdiction and the right help to set up there.
offshore forex company formation plans come with a number of marked advantages ranging from asset protection, to privacy and confidentiality, as well as substantial tax savings. However, there are also a number of risks and potential pitfalls that should be taken into account and avoided and this means that you should choose your off-shore jurisdiction carefully and ensure it meets your needs.
Because registering a business in a foreign country could be rather difficult we can assist forex brokerages wanting to set-up in an offshore location through our dedicated partner network, which can take care of all the necessary steps, such as office premises, staff and bank account access.
Licensing costs for forex brokerages in most offshore jurisdictions are really affordable and most such locations do not even impose taxes on corporate profits. Instead they charge an annual licensing fee, which is a very affordable way to get started as a forex broker.
The capital requirements should be one of the first considerations when selecting the best jurisdiction to set up your offshore forex brokerage in, as this help you narrow down your options. Many offshore locations boast extremely low capital requirements, thus significantly lowering entry barriers to the market. In certain locations it is possible to get registered and start working with almost minimal capital.
Setting up a forex brokerage in an offshore jurisdiction is a fast process, with most necessary processes being completed within a week, expect opening a bank account, which may take longer. Besides being fast the process is also convenient since you don’t need to physically visit the location, but complete everything online and have all documents mailed to you.
The reason most offshore jurisdictions are called tax heavens is that they impose 0% corporate tax and 0% on shareholder dividends. In other cases, such taxation levels are extremely low. Running costs are also extremely low since usually there is no need for corporate income reporting, book-keeping and accountants, while generally in offshore locations the obligations of directors and shareholders are much lower than for companies based in the US or Europe.
Our services include the formation and company registration of forex brokerages in numerous offshore locations, such as Hong Kong, Singapore, Dubai, the UAE, the Bahamas, the BVI, Belize, the Cayman Islands, the Grenadines, the Seychelles and others.
Our partner network of professional consultants is always on the vigil of developments across all offshore and onshore jurisdictions to detect all beneficial tax mitigation options for our forex brokerage clients.
Since directors’ names appear in the business register of any jurisdiction as well as on corporate documents, our specialized nominee director services can be used to ensure the highest degree of confidentiality and privacy.
Our services for offshore registered forex brokerages also encompass the provision of HR services that can handle all the human resources needs of your business, including recruitment, payroll and benefits as well as legal compliance with local labour legislation.
Our extensive partner network also provides access to qualified and experienced accountancy personnel to fully cover the accountancy needs of an offshore licensed forex brokerage. Their in-depth knowledge can ensure the provision of the best and most appropriate solutions to customer accountancy needs.
Besides assistance with the formation of your offshore forex brokerage we also offer a full array of services to cover your banking needs through the opening of premium, corporate bank accounts with leading retail banks in your chosen jurisdiction.