The Cayman Islands is an important international financial centre. In order to get a Cayman Islands Forex License you will have to submit your application to the Cayman Islands Monetary Authority (CIMA). This authorisation will allow you you to trade in futures and securities according to the regulations imposed by CIMA.
Documents for obtaining a CIMA license:
Your company needs to be registered in Cayman Islands and has as declared purpose providing foreign exchange activities,
A Memorandum and Articles of Association.
Other documents such as company manuals for internal and external procedures,
Company’s compliance procedures
Detailed business plan.
The applicant’s fit and proper test details to demonstrate the company’s suitability as a forex brokerage or investment business.
The set up time frame for a Cayman Islands Forex license is usually 4-6 month after receipt of documentation.