How to Get a Forex Company License in Cyprus: A Simple 2025 Guide

Cyprus has become a popular choice for forex brokers, thanks to its favorable rules and strategic location. If you're thinking about starting a forex brokerage, getting a Forex Company License in Cyprus is a must. In this guide, we'll take you through the process and legal requirements you’ll need to know for 2025.

Why Choose Cyprus for Your Forex License?

Cyprus is a great place to set up your forex business. Here’s why:

  • EU Membership: Being part of the European Union gives you access to the European Economic Area (EEA), so you can operate across Europe.
  • Regulatory Reputation: Cyprus Securities and Exchange Commission (CySEC) is a well-known and respected authority in the financial world.
  • Tax Benefits: Cyprus offers low corporate tax rates and tax exemptions, making it an attractive option for businesses.

The Process to Get Your Forex License in Cyprus

  1. Understand the Rules

CySEC regulates forex brokers in Cyprus under the Investment Services and Activities and Regulated Markets Law. To apply for a license, your company must meet these basic requirements:

  • Be registered in Cyprus.
  • Have a physical office in Cyprus.
  • Meet the capital requirements, which vary based on the type of forex license you need.
  1. Register as a Cyprus Investment Firm (CIF)

For your company to operate legally, it needs to be set up as a Cyprus Investment Firm (CIF). Here’s what you’ll need to do:

  • Choose a Unique Company Name: Make sure the name you choose is approved by the Cyprus Registrar of Companies.
  • Prepare Corporate Documents: You’ll need to have Articles of Association and a Memorandum that clearly explains the forex services you’ll offer.
  • Appoint Directors and Compliance Officers: You must appoint at least two directors with experience in forex. Plus, you need compliance officers to ensure you’re following the rules.
  1. Meet Capital Requirements

Different types of forex services come with different capital requirements:

  • STP (Straight Through Processing) Broker: Minimum capital of €125,000.
  • Market Maker Broker: Minimum capital of €730,000.
  1. Submit Your Application to CySEC

Once your company is ready, you can apply for the Forex Company License. Your application should include:

  • A detailed business plan and financial projections.
  • Your company’s structure and internal policies.
  • Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.
  • Information about your directors, shareholders and compliance officers.
  1. CySEC’s Due Diligence

CySEC will carefully check your application and assess your company’s financial stability and operations. This process can take between 3 to 6 months.

  1. Get Your License and Start Trading

Once CySEC approves your application, you’ll get your Forex Company License and you can start offering forex services. However, do remember!  you’ll need to keep up with regular audits, report transactions and stay transparent in your operations to remain in compliance.

Bottom line

Getting a Forex Company License in Cyprus in 2025 requires careful planning and following CySEC’s regulations. If you stick to the rules and ensure compliance, Cyprus can be a great place for your forex business. For smooth sailing through the process, it’s a good idea to work with a trusted legal firm like AGP Law.

Need help? Contact AGP Law for expert support in securing your forex license.

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