Licenses are granted by the National Bank of the Republic of Belarus under the provisions of the Law No 277 of April 28, 2006, on Securities Market.
Below please find features of the particular license category in more details:
Feature/Category | Forex Trading License |
Type of company required to be eligible | Ltd company |
Corporate taxation | 18% |
Minimum paid-up statutory capital | 100,000 USD |
Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management |
Timeframe | A complete license application is normally decided upon National Bank of Belarus approval within 2-3 months from the date of the final filing |
Government fees | 7,000 EUR |
GFSC GLOBAL can offer as well the following services in relation to the licence application, which include:
1) Opening of operational and clients bank accounts (worldwide).
2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Capital Adequacy calculation
4) Provide outsourced Compliance & AML Support services
5) Provide outsourced Risk Management services
6) Assistance with finding local premises
7) Assistance with Trademark & Brand Name registration
8) Provide in-house trainings/seminars
9) Provide Legal Opinions
10) Provide DPO & GDPR Advisory services
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