Сontent:

1. Brokerage license in Belarus
2. Obtaining a Forex license in Belarus
3. The benefits of getting a Forex license in Belarus
4. Comparison of jurisdictions
5. Stages of obtaining a forex license in Belarus with Law & Trust
6. Result for customers

Brokerage license in Belarus

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.

We invite you to find out how you can get a license for a brokerage (forex) license in Belarus.

Obtaining a Forex license in Belarus

There are the most often ways to be found as the licensed forex company in Belarus.

The first is to independently submit an application to the regulators of such activity type. However, it is quite costly both in financial and personal terms (loss of time, money for paying licenses, opening a bank account, preparing financial statements and much more).

The second option is to contact the licensing specialists. You will be able to get a full package of documents and services for a short period of time, save money and begin to use your license right to engage in brokerage activities for a relatively short period of time (up to 90 calendar days).

Получение брокерской лицензии в Беларуси

The benefits of getting a Forex license in Belarus

Among a number of clear advantages for obtaining a license in the brokerage (forex) sphere are:

  • Confirmation of the legal activities by the Belarusian regulatory authorities;
  • Low cost of its receipt (up to 25 thousand euros),
  • Flexible taxation system;
  • Certified access to forex markets and service providers from the CIS, Europe, USA, Asia and Australia;
  • Access to global marketplaces (NYSE, LSE, NASDAQ and others).

Comparison of jurisdictions

Another of the bright advantages for obtaining a brokerage (forex) license in Belarus is a rather flexible tax policy. Due to this, many companies, service providers in the forex sector have opened their representative offices in Belarus and continue to actively invest.

For comparison, we give you a table of the most popular countries where brokerage activities are most actively conducted.

 

Switzerland

Cyprus

Great Britain

Belarus

Profit tax

18%

12.5%

19%

18%

The cost of founding the broker

circa 400 000 EUR

circa 200 000 EUR

circa 200 000 EUR

150 000 EUR

The cost of services for obtaining a license

from 70 000 EUR

from 35 000 EUR

from 25 000 EUR

25 000 EUR

As you can see, the conditions in Belarus are incredibly favourable, which allows investors to more actively deal with the issue of registering companies in Belarus, as well as obtaining a brokerage license.

 Stages of obtaining a forex license in Belarus with Law & Trust

When passing through the licensing phase of forex activities in Belarus, Law and Trust International provides a comprehensive package of services. Our services include the following:

  • Development of corporate structure, a structure of corporate management, contractual model, tax model, legal risks and financial model of the project.
  • Development of technical task and step-by-step project implementation plan.
  • Registration of a legal entity in Belarus.
  • Opening a current account in a Belarusian bank and /or abroad.
  • Development of employment contracts with key personnel.
  • Development of basic contracts with customers and contractors.
  • Preparation of local regulatory legal acts:
  • Policy internal control;
  • The regulation on the methods and procedure of internal control, the procedure and frequency of implementation of measures in the areas of internal control;
  • Risk management policy;
  • Regulation on risk management methods and procedures;
  • The list of measures aimed at reducing risks;
  • Rules of transactions with non-deliverable over-the-counter financial instruments;
  • The regulation of the filing, processing and execution of customer orders on fixing the price of the underlying asset.
  • Support of submission of documents for inclusion in the register of forex companies.

A result for customers

Using the services of Law and Trust International in the issue of licensing the brokerage sphere, customers (consumers) will be able to obtain all the necessary and required conditions for obtaining a brokerage license. Among the guaranteed results you will receive:

  • The conclusion of describing the working model.
  • Technical task and step-by-step project implementation plan.
  • The created legal entity in Belarus.
  • The opened account in the Belarusian bank.
  • The opened account in a foreign bank.
  • All local acts necessary for the work, including:
  • Internal control policy;
  • The regulation on the methods and procedure of internal control, the procedure and frequency of implementation of measures in the areas of internal control;
  • Risk management policy;
  • Risk Management Procedure and Procedure;
  • List of risk reduction measures;
  • Rules for transactions with non-deliverable over-the-counter financial instruments;
  • The regulation of the filing, processing and execution of customer orders on fixing the price of the underlying asset.
  • The inclusion of the Belarusian company in the register of forex companies.

Obtaining a brokerage license in Belarus is not an easy task, as it requires experience and knowledge. With our help, obtaining a brokerage license in Belarus will require minimal expenditures of finance and time. Obtaining licenses in different countries of the world is one of the main directions of our work.

For more detailed information, please, contact our managers in "Contact" general section.

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