Broker licenses acquisition

License for brokerage activities: peculiarities of obtaining

Law&Trust International provides legal support services to individuals and legal entities on various issues.

The practice on legal support of individuals in licensing various types of activities in foreign jurisdictions deals, among other things, with assisting companies and individual traders in obtaining a license to carry out brokerage and dealer activities abroad.

Broker activity

Licensing of brokerage activity is one of the priority areas for our company.

Brokerage activity is an activity on execution of civil law transactions with securities on behalf and at the expense of the client (including the issuer of equity securities at their placement) or on its own behalf and at the expense of the client on the basis of compensated contracts with the client.

It should be taken into account that the legal system of each jurisdiction has different requirements for persons wishing to obtain a license for brokerage activities. In this section you can find general information about obtaining a brokerage license in different jurisdictions.

For more detailed information on each country and its rules for obtaining a brokerage license, you can contact one of our lawyers during a telephone or written consultation.

Peculiarities of obtaining a broker's license

For a long time, Law&Trust International has been in the business of processing broker-dealer licenses.

Stages of obtaining a broker's license

Preparation of the applicant's package of documents

Preparation of documents for all team members, internal documents and policies
Establishment of new companies to provide broker-dealer services;

including selection of jurisdiction, choice of organizational form, recruitment of personnel
Opening of bank accounts

Opening of all types of accounts for making transfers worldwide
Submitting documents and managing the application process

Legal support of the entire process of submitting documents up to obtaining a license
Counseling

Advising the client on all matters, including issues related to: taxation, intellectual property, personal data, securities, insurance and the like
Passportization

Assisting the client in passportization of brokerage activities in the EU countries (procedure of notifying the state authorities of an EU member state by a company established in another country of the European Economic Area about the desire to provide brokerage services in its territory.

Minimum requirements for a broker

In the most general terms, an applicant for a broker's license must comply with the following minimum requirements:

The amount of authorized capital of the company receiving the license (if only a legal entity can obtain a license for brokerage activity);
Presence of a certain number of employees in the organization (director, aml-officer, accountant);
Individuals are sometimes required to provide information on bankruptcy status;
Payment of state duties;
Conducting business in the territory of the state in which the license is obtained;
Requirements to be a resident of the jurisdiction.

These criteria are the most general and vary depending on the requirements of the legal system in which you plan to obtain a brokerage license. For detailed information on the requirements of the jurisdiction you are interested in, please contact our specialists or consult the relevant section of the website.

The cost of obtaining brokerage license

Each state has its own list of requirements for a person planning to obtain a license to provide broker-dealer services. The price for our services depends on the chosen jurisdiction, client (individual or company), specific list of required documents and planned activities.

We provide legal support services for obtaining a brokerage license without the presence of the client, via the Internet, which will save you time.