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.
However, the applicant must have a permission for brokerage activities issued by the jurisdiction of the state of establishment of the organization.
You can request information about the price list by phone or in chat. The period for consideration of the application is 3 months and more. After obtaining a permission for brokerage activity in Lithuania, the counterparty has the right to develop business in other EU countries through a simplified passportization procedure. Free consultation is available for you today!
Permissions are issued for this type of activity by the Lithuanian Financial Market Supervision Commission. This organization governs regulations relating to the securities market, investment and financial services. All rules for registration of new forex brokers are prescribed in the act of local legislation "On the market of financial instruments".
All the requirements of licensors can be divided into four main groups: for shareholders, for capital, for the office and for the staff of a branch of a brokerage firm in Lithuania.
The Lithuanian Commission reserves the right to independently decide on the depth of knowledge of shareholders regarding stock exchanges and work experience.
The requirements for the authorized capital correspond to the European ones. In particular, they are very similar to the regulations of Malta. The license of the market maker for brokerage activity in Lithuania implies the availability of 730 thousand euros on the account; the STP permit is issued when there are 125 thousand in the same currency. Intangible assets are not taken into account.
After obtaining permission, the firm must maintain capital at the proper level and multiply it. If there is a discrepancy between the amount of finance in the account and the proper prescribed norms, the license can be revoked by the representatives of the commission.