Broker licenses | Law&Trust International

License for brokerage activities: peculiarities of obtaining

Law&Trust International provides legal support services for natural persons and legal entities in various fields of activities. Our practical work regarding legal maintenance for persons when licensing various types of activities in foreign jurisdictions is engaged, among other things, in assisting companies and individual traders for obtaining license to carry out brokerage and dealer activities abroad.

Licensing of brokerage activities is one of the priorities for our company.

Legal maintenance for licensing is provided in the following jurisdictions: Great Britain, Hungary, Germany, Cyprus, Lithuania, Czech Republic, Belize, Australia, as well as Latvia, Malta, New Zealand and Panama and other countries (you can clarify the full list when applying for consultation).

We also carry out maintenance in obtaining Forex broker license.

Legal system of each jurisdiction imposes different requirements on persons tending to obtain license for financial activities abroad. You can find general information on obtaining brokerage license in various jurisdictions in this section.

You can apply to one of our specialists for more detailed information on each country and its relevant regulations for obtaining license to conduct financial activities by phone or in course of advisory.

Obtaining brokerage license: peculiarities

Law&Trust International has been engaged in processing licenses for brokerage services for a long time.

The stages of our work include the following:

  • Preparation of the package of documents of the applicant;
  • Establishment of new brokerage companies;
  • Opening bank accounts for transfers all over the world;
  • Legal support of the whole process of filing documents before obtaining license;
  • Consultation for the client on all issues, including taxation, software, insurance, etc.
    • Assistance to the client in the passportization of financial activities in the EU countries (the procedure for notifying the state authorities of a Member State of the EU by a company established in another country of the European Economic Area regarding the intention to provide brokerage services within its territory).

      Requirements set in each jurisdiction for obtaining license significantly affect the presumptive scope of work and the list of services provided.

Minimum requirements

In the most general terms, the applicant should comply with the following minimum requirements for obtaining brokerage license:

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  • Amount of the authorized capital of the company engaged in obtaining the license (if license for financial activity can only be obtained by legal entity);
  • These criteria are the most general and vary depending on the requirements of the legal system in which obtaining brokerage license is requested.

    Please, contact our specialists or have a look at relevant section of the website for detailed information on the requirements of the jurisdiction you are interested in.

    Requirements for the resident status of the jurisdictions. Conducting activities in the territory of the state in which the license is being obtained; Payment of state fees; Sometimes natural persons are required to provide information about solvency; Presence of certain number of employees holding positions specified in the requirements of the jurisdiction (for example, auditors) in the organization;

The cost of obtaining brokerage license

Each state has its own list of requirements for the person planning to obtain license for carrying out brokerage activities. The price for our services depends on the selected jurisdiction, the client (natural person or company), specific list of required documents and planned scope of activities.

We provide legal support services when obtaining brokerage license without personal presence of the client via the Internet, which will allow to save you time.

Countries

Obtaining brokerage license in Australia

CountryAustralia

The "Law on Corporations" is in effect in Australia, which regulates the activities of forex markets. Online trading is a subtype of over-the-counter contracts for margin difference. The latter, in turn, is a financial product that fully complies with the legislation of the region.

Services of brokers in stock markets without provision of a special license are illegal activities that can be considered as fraudulent activities or financial fraud.

Obtaining the broker license in Belarus

CountryBelarus

Belarus has become a fairly large hub in the post-Soviet space for attracting investment, as well as working with various types of financial activities. After 2017, the number of companies that work in the field of brokerage and the delivery of financial services has tripled.

Now to get a brokerage license in Belarus is much easier, and there is short period of time of getting it. In order to start activities in the brokerage industry, you need to comply not only with the rules of the regulator and legislation of Belarus, but also meet a number of financial conditions.

Obtaining brokerage license in Belize

CountryBelize

In order to obtain brokerage license in Belize, a person should examine the regulations of this jurisdiction, as well as the procedure for certification of new company.

The country's regulatory authority is the International Financial Services Commission (IFSC) that imposes different requirements on organizations depending on the number of their financial instruments, specific focus of the scope of activity and other factors.

Obtaining brokerage license in Cyprus

CountryCyprus

The process of obtaining brokerage license in Cyprus can not be cosidered as simple one. Legal support in obtaining license (including the licenses of Forex STP and Market Maker) is necessary to ensure that the applicant's documents package complies with the requirements of the legislation of Cyprus, and the company's activities are in accordance with the existing restrictions.

Since 2001, licensing of financial activities in Cyprus is carried out by the Cyprus Securities and Exchange Commission (hereinafter CySEC).

Obtaining brokerage license in the Czech Republic

CountryCzech Republic

One of the advantages of processing brokerage license in the Czech Republic is the fact that the National Bank of the country acts as the regulator of the financial and forex markets. The state institution complies with all regulations of the legislation and guarantees equal conditions for consideration of applications for citizens of the state and non-residents.

If you obtained brokerage license in one of the EU member states, business expansion into neighboring regions that are also part of the Union is possible by a simple procedure of inter-jurisdictional authorization without additional filing of documents and payment of large state fees.

Obtaining a brokerage license in Germany

CountryGermany

Obtaining a brokerage license gives the opportunity to carry out activities, subject to low taxation, while also submitting minimum reporting statements, in various countries via the Internet. In the German Forex market, supervision of the activities of participants is carried out by such organization as the BaFin (German Federal Financial Supervisory Authority).

The BaFin is the most stringent regulator in Europe. It controls the activity of brokers in real-time mode, monitors compliance with the standards and ensures the stable functioning of financial markets.

Obtaining a brokerage license in Hong Kong

CountryHong Kong

Brokerage activity in any jurisdiction usually starts with the acquisition of brokerage license, and Hong Kong is not an exception to the rules.

In this jurisdiction, in order to obtain permission for brokerage activity, it is necessary to apply to special commission (the Commission on Securities and Futures of the Hong Kong Special Administrative Region), which deals with such issues in Hong Kong.

btaining a brokerage license in Hungary

CountryHungary

Hungary is a member state of the European Union. This economic area is suitable for registration of financial business by non-residents due to the fact that it is possible to authorize a legal entity through passportization.

The foregoing process allows the expansion of the Forex company to the whole Europe through filing of one application and one package of documentation. Permission for brokerage activities in Hungary is issued not only to those businessmen who carry out currency transactions on stock exchanges. 

Obtaining a brokerage license in Latvia

CountryLatvia

Permission for brokerage activities in Latvia is issued by a special commission on regulation of local financial resources and funds. The license gives the right to provide a range of services in the financial sector. These include:

  • Consulting clients on issues of material deposits and trading in currency markets.
  • Placement of users' funds for storage.
  • Creation of own types of Internet currency or means of its exchange.
  • Trading in the markets of securities and shares.
  • Investment of various funds allowed by the state, etc.

Only legal entity who is a resident of a given country or another state that is member of the EU can obtain a brokerage license in Latvia. When submitting application, natural persons need to register a new company in the territory of Latvia.

Obtaining a brokerage license in Lithuania

CountryLithuania

The Forex market is one of the most famous stock exchanges among traders around the world. Companies engaged in this field of business are considered investment ones in the territory of Lithuania. Their activities are licensed according to the protocol on legal entities of the country's financial sector. The state regulations list all types of services that an organization of this kind can provide, as well as financial instruments available for the work of businessmen.

The procedure for obtaining a brokerage license in Lithuania is the same for both residents of the country and applicants from the republics of the European Union. In addition to these citizens, beneficial owner of an investment company from any other country can apply for a registration of a brokerage license.

Obtaining a brokerage license in Malta

CountryMalta

Malta is a member of the European Union. In early 2004, it obtained the rights of a licensor to issue certificates for brokerage activities in accordance with EU standards and requirements. Obtaining a brokerage license in Malta is advantageous because the country maintains a high level of economy, hence the tax environment remains attractive for local citizens and non-residents.

The EU Directive on Passportization allows all owners of brokerage permissions from Maltese jurisdiction to expand their business throughout Europe by means of a simplified form.

Obtaining a brokerage license in New Zealand

CountryNew Zealand

The process of obtaining a brokerage license in New Zealand involves the need for a detailed study of local jurisdiction. You can find out rules and regulations according to which the activities of new companies are governed from our experts. Professional lawyers conduct free consultations for citizens of all countries.

Natural person or company representative can apply for legal assistance. Depending on the type of counterparty and its objectives, a further work plan is drawn up.

Obtaining a brokerage license in Panama

CountryPanama

The specialists of Law&Trust offer clients comprehensive legal support when registering a brokerage license in Panama. We work with natural persons and legal entities irrespective of their citizenship and territory of residence.

After your application, professional lawyer contacts you at a convenient time to provide free advice on the regulations of the legislation of Panama and the details of issuing a license for the activities of the broker.

Seychelles Brokerage License

CountrySeychelles

The Securities Act of 2007 provides the legal basis for the provision of securities dealer services. Seychelles Securities Dealer License is a license that allows a company to trade securities either as a principal (at its own expense) or as an agent (on behalf of its customers). The regulatory authority that issues the permit for such a company is the Financial Services Authority (FSA).

The specialists of Law and Trust International provide comprehensive legal support at each stage of obtaining a license, and also collect and prepare documents for submission to the Financial Services Authority (FSA).

Obtaining a brokerage license in Great Britain

CountryUnited Kingdom

Lawyers of the company Law&Trust offer to obtain a brokerage license in Great Britain for unimpeded carrying out of investment activities in the United Kingdom. The main regulator of forex exchanges is the FCA, that is an organization created at the expense of the material assets and funds of the companies it controls.

Regulations established by the FCA should be strictly observed by the clients of the licensor, that is the guarantor of long-term business cooperation.

License for brokerage activities in the UK is issued to companies that fully comply with all legislative norms of the country, have their own office on the territory of the state and have certain amount of authorized capital.

Obtaining SDL license in Vanuatu

CountryVanuatu

SDL-licensing combines advantages from obtaining Forex and dealer certificate simultaneously. The presence of the document makes it possible to trade in stock markets using foreign currency, purchase and sell bonds and securities, and legally manage the clients' investment portfolios.

Our specialists recommend such license to be issued for all the companies engaged in investing in securities.

Obtaining SDL license in Vanuatu is possible due to cooperation with Law & Trust company. Our specialists guarantee efficiency, quality and economy when issuing.

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