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Cyprys company structure plus banking. (introducing broker)

Clyde

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ClydeNew MemberAuthor
Joined
Jan 2022
Messages
2

#1

Hi, i need to open and offshore company and a bank account in Cyprus. The company is for Introducing Broker (IB's) for Forex/CFD trading related. Also do i need any license in Cyprus to operate for this company.
Note: Introducing broker is just an affiliate program in this case not a broker, also called white label agreement.
Any help is much appreciated thank you!

CyprusLawRecognized Voice
Joined
Mar 2021
Messages
775

#2

Clyde said:

Hi, i need to open and offshore company and a bank account in Cyprus. The company is for Introducing Broker (IB's) for Forex/CFD trading related. Also do i need any license in Cyprus to operate for this company.
Note: Introducing broker is just an affiliate program in this case not a broker, also called white label agreement.
Any help is much appreciated thank you!

Hi, from the brief information provided it is likely that no license is required.

Happy to discuss this by PM

kilorFake user - Alias of JohnLocke
Joined
Dec 2021
Messages
331

#3

Where do you open a bank account in Cyprus for your company?

CyprusLawRecognized Voice
Joined
Mar 2021
Messages
775

#4

kilor said:

Where do you open a bank account in Cyprus for your company?

This really depend on the type of business of a company. Most of the businesses (except from crypto currency related and a couple of other high risk businesses) can easily open accounts in Cyprus banks.

ClydeNew MemberAuthor
Joined
Jan 2022
Messages
2

#5

CyprusLaw said:

Hi, from the brief information provided it is likely that no license is required.

Happy to discuss this by PM

Ok thanks, can you suggest any credible law firm?

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