When it comes to starting a forex brokerage business… it leaves us with two choices, either being Regulated or Unregulated.
Not everyone can start being regulated right from the beginning due to that fact that it requires,
- Large Capital
- Strict Compliance
- A lot of time
- Heavy ongoing & maintenance cost
So, the startup cannot normally afford them right from the beginning as they are going to test the water in the business.. before that they make a better decision.
But however, FOREX BROKERAGE business activity required to be LICENSED. In this case, we cannot start a company from anywhere.
This is where Saint Vincent and the Grenadines comes into the picture as the best choice to form a company for FOREX BROKERAGE.
Saint Vincent and the Grenadines does not regulate Forex Trading Business, not restricts the companies doing the activity. However, there is no License for the activity in this region, so it makes an idle choice for the companies to participate in forex brokerage business legally.
A company can offer forex services legally and does not require a financial license under the laws of Saint Vincent and the Grenadines to conduct its business
This makes easier and most cost-effective way to start the forex trading business from Saint Vincent and the Grenadines.
Advantages of Saint Vincent and the Grenadines :
- Tax Exempted
- Reputed Offshore Jurisdiction
- No Annual Accounting / Auditing
Final Verdict: If you want to get started as an unregulated forex broker, Saint Vincent and the Grenadines is the best place.
We are specialized in assisting in the formation of Forex Brokerage Business. Reach out to us & we will be happy to help you to get you started with your Forex Brokerage Business.