How to get a Forex license in Cyprus?

Hi guys! I have been interested in starting my own brokerage business for a long time and I heard that Cyprus is one of the best places for this. I heard that you can work there for the entire European Union, and the taxes are supposedly favorable. But I don’t understand where to start getting a Forex license in Cyprus. What are the requirements, how does the process work, how much does it cost? Can I trust companies that promise to help with obtaining license? I really want to figure it out so as not to run into scammers and do everything legally. Has anyone already encountered this experience and can give advice?

 

Yes, obtaining a Forex license in Cyprus is a popular path for many startups in the financial sector. The country attracts entrepreneurs due to its membership in the EU, convenient location and flexible tax system. If you want to get a license, it is important to understand that the process includes preparing a package of documents, complying with the requirements of local regulators and full legal support. Many companies offer assistance in this matter, and I personally can recommend Fintech Harbor Consulting. They provide full support at every stage, from preparing the application to submitting it. You can read more about how to get a Forex license in Cyprus here: https://www.fintecharbor.com/cyprus-forex-license/. The cost and terms depend on many factors, but experienced consultants will help make the process transparent and safe.

 

Thank you very much for the detailed answer! It really helped me understand how the process of obtaining Forex license in Cyprus works. The recommendation from Fintech Harbor Consulting is especially valuable - now I will know where to turn for professional help and how to do everything legally. Your advice really made it easier to understand the entire procedure and the requirements of regulators.