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The setting up of a Forex company is more complex than the setting up of an ordinary company as it is then classed as a Cypriot Investment Firm (CIF) and must comply with the laws regulating such activities as well as the Cyprus Companies Law.
The first step must be the incorporation of a normal company and after this, an application must be made for obtaining a Forex Trading Company Licence, which is governed by the Cyprus Securities and Exchange Commission (CYSEC).
The first step would be to apply for approval for the name of a normal company and after this, an application must be made in order to obtain a CIF (Cyprus Investment Firm) Licence, which is governed by the Cyprus Securities and Exchange Commission (CYSEC).
Our fees for the registration of the company and the actual application to the CYSEC for a licence for the Forex Company would be in the region of €23,000, plus disbursements, which could be in the region of €5-10,000.