yurisdikcziya-britanskie-virginskie-ostrova (1)

Jurisdiction British Virgin Islands

The British Virgin Islands is a dependent territory of the British Crown located on islands in the Caribbean. The head of the country is the English queen who is represented on the islands by the governor. The official language is English. The legislation is based on English law. The currency is the US dollar.

Feature of the jurisdiction of the British Virgin Islands

This is a classic offshore zone with a classic history – the former colony of England, which, after gaining independence, remained under the English crown, with an English legal system and taxation. All this allows this territory to flourish. Now more about the benefits of registering in the British Virgin Islands (BVI).

  1. Taxation – Companies owned by non-residents are exempt from any tax other than a small annual duty. There is no need for financial reporting and auditing. Although the company must keep the primary accounting documentation. There is a payroll tax.
  2. Confidentiality – since 2017, information about the beneficial owners of companies is entered into BOSS (Beneficial Ownership Secure Search System). But access to this registry is not public. It contains the following information for each beneficiary:
    • full name;
    • citizenship;
    • Date of Birth;
    • address of residence.
  3. Economic presence – from 01.01.2019, the law on economic presence came into force, according to which a company engaged in certain activities and registered in the BVI must have a physical office and a staff of qualified personnel sufficient for its activities. These companies include forex brokers.
  4. Double Taxation – The BVI has concluded treaties for the elimination of double taxation with Switzerland.
  5. Exchange of tax information – BVO has concluded agreements on the exchange of tax information with 22 countries, including the USA, Great Britain, France, Germany, etc. There is no such agreement with any of the CIS countries.
  6. It is forbidden to have any business with residents of the BVI, as well as to buy real estate, only rent.
  7. A license is required to work in the forex market.
  8. Bearer shares are prohibited.
  9. The name of the company must contain one of the following words or its abbreviation:
    The company name can be in any language and must include words such as:
    • Incorporated (Inc.);
    • Limited (Ltd);
    • Corporation (Corp.);
    • Société Anonyme (S.A.).
    • Sociedad Anonima (S.A.);

Benefits of registering in an offshore BVI

  1. Low cost of registration and annual fees.
  2. No taxes.
  3. The minimum authorized capital can be 1 USD.
  4. Developed legislation based on English law.
  5. A director can be both an individual and a legal entity and a resident of any country. Nominee director and shareholders are authorized.
  6. There are no requirements for a secretary.
  7. There is no exchange control.
  8. There is no financial reporting and audit.

The jurisdiction in the offshore British Virgin Islands is one of the most popular among classical offshore companies and reliable in the face of various international structures.

Registration of a forex broker in the jurisdiction of the British Virgin Islands by 321Broker

Our company has been providing brokerage services for over 10 years. In particular, we offer turnkey brokerage companies:

  1. Registration in an offshore zone, incl. to the BVO;
  2. Getting a license to work in the forex market;
  3. Creation of a technical base for a broker:
    • a site with all the necessary tools – traders’ personal accounts, connection to a trading platform, to payment systems. Liquidity providers, etc .;
    • CRM systems for effective work with traders.

To register in the jurisdiction of the British Virgin Islands, you need to submit the following documents to us:

  • a notarized copy of the passport of the director and shareholders.
  • company charter;
  • minutes of the first meeting of shareholders;
  • company’s stamp.

If necessary, we will draw up the last three positions ourselves.

Our advantages:

  1. Efficiency – we will complete the registration of the company in the offshore BVI in 7-14 days.
  2. Quality – all documents for the company will be legally irreproachable. We guarantee this, relying on our 10 years of experience in this field and the high competence of our specialists.
  3. Confidentiality – third parties will not know about your application and company registration in an offshore.
  4. Favorable prices.
yurisdikcziya-bolgariya (1)

Jurisdiction Bulgaria

Bulgaria has been a member of the EU since 2007. It is not an offshore zone in the classical sense. However, the existing legislation in the country makes the work of companies, including those from the forex market sector, very profitable. And sometimes, the registration of a company in this jurisdiction is more profitable than in some offshore.

The main advantages of registering a company in Bulgaria

  1. The country is a full member of the EU, therefore a company registered here can work with the entire European Union and use all the possibilities of the EU.
  2. The minimum corporate tax (income tax) rate for the EU is 10%.
  3. There is absolutely no negative image inherent in any offshore zone. This is a very significant advantage, which more than covers such a disadvantage (from the point of view of classical offshore companies), such as a 10% tax. After all, a company registered in Bulgaria is incomparably more credible than a company under the jurisdiction of an offshore. And this is a large influx of customers. In a situation with a forex broker, there is a greater influx of traders.
  4. Small amount of the authorized capital. And for companies with the organizational form of LLC (limited liability company), the minimum amount of the authorized capital is 1 euro.
  5. Relatively low registration costs. The annual state fee is 30 euros.
  6. The director and shareholders may have any residency. Director – only an individual, shareholders – individuals and legal entities.
  7. Low office requirements. It can also be in a residential apartment, which significantly reduces the cost of its maintenance.
  8. A bank account can be arranged at any European bank. True, one account must be in a Bulgarian bank.

But it should be understood that Bulgaria is Europe, therefore, the requirements for financial control in it are much stricter than in any offshore:

  • it is necessary to submit monthly reports under the established form;
  • be audited under the established procedure;
  • a license is required to conduct brokerage activities;
  • information on the director and shareholders of the company is available to third parties (open register);
  • it is necessary to translate official documents into Bulgarian – a rare language, therefore, increased translation costs;
  • full-time presence is required to open a bank account;
  • to register a company, all shareholders must be present in person, but remote registration by proxy under an install is possible.

Registration of a broker in Bulgaria by 321Broker

To register, we need the following, notarized copies:

  • passports (foreign and domestic) and confirmed addresses of the director and shareholders;
  • phone numbers and email of these persons;
  • a detailed description of the company’s activities and a mandatory sign of the origin of the funds that will create and operate the company;
  • bank statement of the director and shareholders;
  • three variants of the name of the company.

Registration of a brokerage company in the jurisdiction of Bulgaria takes 3-4 weeks.

Our company 321Broker, besides registering a brokerage company, offers its turnkey creation:

  • check in;
  • getting a license;
  • creation of a technical base – a site with the necessary tool (connection to the trading platform and liquidity providers, with traders’ personal accounts, etc.), CRM for working with traders.

We guarantee efficiency, confidentiality, favorable prices.

yurisdikcziya-labuan (1)

Jurisdiction of Labuan

Labuan is a federal territory of Malaysia, on seven islands near Brunei. The official languages ​​are English and Bahasa. The legislation is based on English common law. It is one of the youngest offshore companies – it was founded in 1990. In 2010, the word “offshore” disappeared from all official documents against the background of the worldwide trend of combating money laundering in offshore areas. Thanks to the change of Malaysian legislation, transparent financial relations with foreign companies have been established. This authorized Labuan to receive IBFC (international financial and business services) status.

The location of this offshore company next to China, India, location in the same time zone with many major Asian trade and financial centers makes it attractive for many international companies. Add to this the low level of corruption (56th in the world) and strict compliance with the law.

Benefits of registering a forex broker in the offshore jurisdiction of Labuan

In Labuan, you can register an offshore company as a private company. The name must contain a sign of limited liability – Incorporated (Inc.), Corporation (Corp.), Limited (Ltd), Sociedad Responsabilidad Limitada (S.L), Societe Anonyme (S.A.). When using the word Berhad (a Malaysian term for a public limited company) in the name, the letter L must be preceded, showing the jurisdiction of Labuan.

The main advantage of Labuan offshore is the trust in it by international structures and clients of offshore companies.

Now about the rest of the advantages of this offshore jurisdiction:

  1. Three percent tax on activities related to the forex market.
  2. There is no tax on the salary of a foreign director.
  3. Lack of exchange controls.
  4. There is an agreement on the avoidance of double taxation with many countries, including most European countries and Russia (not with Ukraine, Belarus and Kazakhstan).
  5. Fast registration – 7-14 days.
  6. To register a company, it is enough to have a virtual office.
  7. Remote control of the company is authorized.
  8. There are no requirements for local employees on the company’s staff.
  9. No restrictions on the citizenship of the director and other employees of the company. The director can be both an individual and a legal entity.
  10. You can open accounts in local and foreign currency in the largest banks in Malaysia.

Disadvantages of registration in Labuan

  1. An appropriate brokerage license is required. Note that this license is equivalent to a European one, but at the same time it is faster to get it (in 2-3 months) and cheaper.
  2. The requirement for the authorized capital is at least 10,000 USD.
  3. Bearer shares are prohibited.
  4. It is obligatory to have a corporate secretary with qualifications.
  5. Availability of financial statements of income and expenses, which is certified by a local auditor.
  6. Low confidentiality. The following information is available to third parties – the name of the company, the amount of the authorized capital, the address of the office, the address and the name of the director.

In general, we can say that, despite higher taxes and stricter requirements for the minimum authorized capital than, for example, in the Seychelles or Marshall Islands, in Belize and similar unregulated offshores, the jurisdiction in Labuan benefits from greater prestige in the eyes of traders. This means their greater confidence, which is converted into a larger number of them who cooperate with the broker and a greater turnover.

Registration of a forex broker in Labuan jurisdiction by 321Broker

Our company offers a turnkey forex company. This service includes:

  1. Registration in the selected offshore zone, including Labuan.
  2. Registration of a license to conduct brokerage activities in the forex market.
  3. Creation of a technical base:
    • a site with the functionality – traders’ personal accounts, connection to payment systems, a trading platform, liquidity providers, etc.;
    • implementation of CRM for effective interaction with traders.

Our advantages:

  1. Favorable prices.
  2. High competence.
  3. Ten years of experience in this business.
  4. Complete confidentiality.
yurisdikcziya-sejshelskie-ostrova (1)

Jurisdiction Seychelles

Seychelles is an island state (about 100 islands) belonging to the countries of Africa. Part of the British Commonwealth of Nations. This leads to strict observance of the laws. The legislation is based on the English and French legal systems.

Advantages of the jurisdiction of Seychelles

Seychelles is one of the most popular offshore locations because of the many advantages of registering international companies here. Basically, IBC type of companies are registered here – international business companies.

Now more about the benefits:

  1. Taxation – IBC has zero tax on profits earned anywhere in the world. Seychelles is a typical tax haven.
  2. One of the most affordable registrations.
  3. One of the lowest annual fees is 100 USD.
  4. One director is enough, who can be both an individual and a legal entity. There are no requirements for the nationality of the director (that is, he can be a non-resident of Seychelles). It is possible not to submit data about the director and employees of the company to the registrar.
  5. One shareholder is enough.
  6. It may use a nominee director or nominee shareholder.
  7. There are no requirements for a secretary.
  8. There are no requirements for the availability of professional training and experience for the director and employees of the company.
  9. There are no requirements for accounting, annual report and audit.
  10. There are no requirements for the amount of the authorized capital, up to 1 USD.
  11. Shares with no par value are permitted.
  12. Lack of exchange controls.
  13. High level of confidentiality. The company only provides the registrar with its name and no information about the owners. But at your own request, you can provide more information. For example, to increase customer confidence.
  14. Short terms of registration. In principle, a company can be registered within one day. But it takes time to collect a package of documents, send them to the registrar. Our company 321Broker performs registration in the jurisdiction of the Seychelles in 10 days.
  15. Possibility to change the country of registration of the company. This allows the offshore company registered in the Seychelles to change its jurisdiction, that is, to “import” it into another country.

Jurisdictional gaps in Seychelles

The main drawback is that the offshore Seychelles has been considered by the OECD as inadequate since 2013. Therefore, registration in the Seychelles may cause distrust among some customers. Regarding a forex broker – from traders. Seychelles, as an offshore zone, is on the “black list” of many countries.

But this drawback can be leveled as follows – to hide the fact that your company is registered in the Seychelles. The scheme is:

  1. It is necessary to register an agent company in England, which will act on behalf of an offshore company in the Seychelles for 1% of its profits.
  2. This agent receives an account with a European bank where the traders’ money will be transferred.
  3. The received profit, minus 1% of the agent’s commission, is transferred to the company’s account in the Seychelles.

Now for the other disadvantages:

  1. It is prohibited to engage in banking activities, incl. trading in the forex market without a license. In principle, it is possible to work without a license if the broker’s activities are carried out entirely outside the country, and the actual office is in a country where forex activities are authorized without licensing. This option is used by the overwhelming number of brokers. In addition, to get a license, an authorized capital of at least 50 thousand USD is required.
  2. Bearer shares are prohibited.
  3. You must have an actual office in Seychelles.
  4. Non-proliferation of the double taxation treaty for companies like IBC.

Registration of a forex company in the jurisdiction of 321Broker companies in the Seychelles

321Broker has ten years of experience in the forex market. Our main service is the creation of a turnkey forex broker. This service includes:

  1. Registration of a company in the offshore jurisdiction chosen by the client, incl. in the Seychelles. If necessary, we will help you find the best jurisdiction for your requirements.
  2. Getting a license to work in the forex market (if necessary).
  3. Creation of software for a broker:
    • development of a website with the necessary functions – personal accounts of traders, connection of a trading platform, connection of payment systems, etc .;
    • development of a CRM company for interaction with traders.

To register a forex company in Seychelles, we need the following package of documents:

  • memorandum of association;
  • minutes of the first meeting of the board;
  • registration certificate;
  • general power of attorney;
  • notarized copies of passports of the director and shareholders.

A company seal is not required for Seiche If necessary, our experts will help you create this package of documents as soon as possible.

The name of the company must contain words showing its limited liability. For example, Corporation, Limited, Incorporated, Societe Anonyme, etc. Or common abbreviations – Corp., LTD, Inc. etc.

Our advantages:

  1. Ten years of experience in this field.
  2. Qualified staff. In combination with the first point, this guarantees our client the legal impeccability of the registration process and the shortest possible time frame.
  3. Confidentiality. Nobody except you and our employee will know about your offshore in the Seychelles.
  4. Competitive prices.

yurisdikcziya-beliz

Jurisdiction of Belize

Belize is a small state in Central America bordering Mexico in the north. A constitutional monarchy. It is considered a classic offshore jurisdiction, one of the most famous.

Advantages and disadvantages of registering a company in Belize

Registration of two types of companies is possible in Belize:

  • IBC is an international business company;
  • LLC is a limited liability company.

The main advantages of this jurisdiction:

  1. No taxes (a real tax haven).
  2. Low costs of registering a company and its maintenance, one of the lowest, if not the lowest among offshore jurisdictions. A non-resident can open a company for 500 USD, and for a renewal of registration – 300 USD per year. The authorities will not be interested in the type of activity of the company, its turnover and the amount of capital.
  3. Fast and easy legal registration of the company.
  4. To open a company, only one director is required (the option of a corporate director is possible) and one owner, it is also permissible that he will be a legal entity.
  5. High confidentiality. Regardless of whether the company is IBC or LLC, only its name is in the public register. The rest of the information about her is not publicly available. Belize does not have government agreements on transferring data to any of the CIS countries.
  6. There are no requirements for public reporting and auditing.
  7. It is possible to work without a physical office in the country, the local office address will only be nominal.

There is only one drawback of the Belize offshore jurisdiction – low trust in the companies that are registered in it. The jurisdiction of Belize is only partially compliant with the OECD requirement. Therefore, a corporate account cannot be opened in well-known European banks. But there are six international banks in Belize, where it is possible to open an account, while remotely.

Features of registration of forex companies in Belize

International companies providing financial services in Belize are controlled by IFSC (International Financial Services Commission). One of its requirements is the availability of licenses for each type of service. In particular, a forex broker requires one of the following licenses:

  • for currency trading;
  • for trading stocks, options, futures and other securities;
  • to provide consulting and brokerage services.

To get one license of a forex broker, there are requirements for the amount of the minimum authorized capital – USD 100,000, plus an annual license renewal – USD 5,000. The bank’s authorized capital is blocked for the duration of the company.

A brokerage company, besides having a license, must also meet certain requirements:

  • availability of a business plan for 5 years, a description of the company’s internal policy in money laundering and verification of clients (traders);
  • the director of the company must have relevant knowledge and experience in finance;
  • It is prohibited to conduct financial activities with residents of Belize, with the exception of banks and state-owned companies.

Registration of a company obtaining a license in Belize with the help of 321Broker

321Broker has 10 years of experience in setting up turnkey brokerage companies. This service includes:

  1. Registration of a brokerage company offshore Belize.
  2. Getting a license to conduct forex activities.
  3. Providing a technical base – creating a website with personal accounts of traders, connecting to a trading platform and payment systems; introduction of CRM.

To register a company, you need to submit the following documents to us:

  • memorandum of association;
  • company’s stamp;
  • minutes of the meeting of directors;
  • registration certificate.

Registration period is 2 weeks.

To get a license, you must additionally provide:

  • application for a license (notarization);
  • biography of the director and owner (shareholder) of the company;
  • a copy of the passport, proof of address of residence and an extract from the bank for the director and shareholders (notarization);
  • resume of the director and each shareholder;
  • business plan.

If necessary, our specialists will help in creating the documents.
321Broker guarantees efficiency, legal impeccability of obtaining registration and licenses, competitive prices.

Юрисдикция Сент-Винсент и Гренадины

Jurisdiction of Saint Vincent and the Grenadines

Saint Vincent and the Grenadines is a small island nation in the Caribbean with a population of just over 100 thousand people, which is mainly engaged in agriculture and serving tourists. Recently, the authorities have been actively developing the financial sector, in connection with which they stimulate the registration of offshore companies and develop offshore legislation.

Today Saint Vincent and the Grenadines is a classic unregulated offshore jurisdiction that attracts international business. In particular, many well-known brokers are registered in it, such as Foreks Club, Alpari, Teletrade.

Advantages and disadvantages of registering a forex company in Saint Vincent and the Grenadines

  1. Tax optimization – the company is exempt from all local taxes.
  2. High confidentiality – the company is not obliged to disclose its beneficiary. It can be forced to disclose it only by a decision of the local court.
  3. Lack of exchange controls.
  4. You can work without a license and compensation fund.
  5. The minimum capital is one of US dollar.
  6. There are no financial reporting requirements. It does not need to be provided. All financial information on the company is not publicly available.
  7. To open a company, one director and one shareholder are required. Nominee director authorized. No local staffing required.
  8. Fast company registration. Personal presence is not required.
  9. You may not have a local office, its address in the documents is showed nominally.

Disadvantages of registration in jurisdictions in Saint Vincent and the Grenadines:

  1. Decreased level of trust. Experienced traders prefer to work with brokers with a Forex license and compensation fund, fearing to get into the “forex kitchen”.
  2. It is difficult to open a corporate account. European and American banks are reluctant to work with unregulated jurisdictions. Therefore, to open an account with a brokerage company, you must resort to the services of offshore banks. The second option is to get a wallet in an electronic payment system. But in this case, it is impossible to accept payments from bank cards. Also, the specialists of our company 321Broker can organize the following option. Open another company in a European country only to receive payments via bank cards. An agency agreement is drawn up between this and the brokerage company, signed by the beneficiaries of these companies.
  3. A small selection of liquidity providers and for their connection you will need a forex license.

Company registration in Saint Vincent and the Grenadines with 321Broker

Our company 321Broker is a team of experts with 10 years of experience in creating brokerage companies and cryptocurrency projects.
We provide the following services:

  1. Registration of a forex brokerage company in the selected offshore jurisdiction, including Saint Vincent and the Grenadines.
  2. We fully provide with a technical base:
    • we create a website with the necessary functionality;
    • we integrate with payment systems;
    • we implement CRM.

To register a company in the offshore jurisdiction of Saint Vincent, you only need the following package of documents:

  • memorandum of association;
  • company’s stamp;
  • minutes of the meeting of directors;
  • registration certificate.

Registration period is 2 weeks.

We guarantee confidentiality, legal flawlessness of the process, competitive prices.

yurisdikcziya-na-marshallovyh-ostrovah

Jurisdiction in the Marshall Islands

The Marshall Islands is a small country located on a group of islands in Micronesia (Pacific Ocean). Fully influenced by the United States. The monetary unit is the American dollar. They are a classic offshore jurisdiction for many areas of business – IT, startups, and especially for doing business as a forex broker. The most eloquent proof of this is that the well-known international broker LiteForex is registered in this territory.

Jurisdiction in the Marshall Islands for a forex broker – advantages

The laws of this state do not distinguish activities in the forex market from other areas of business. There is no separate regulation – there are no restrictions on registration, capital, composition of shareholders, local office and personnel, reporting, etc.

Any business on the Marshalls is carried out based on the basis of the registration of the International Business Company (IBC). This is a veritable paradise for brokers. Let’s formalize the advantages of jurisdiction in the Marshall Islands:

  1. Fast company registration that can be done completely remotely. If you contact 321Brocer specialists, then in 3-4 weeks you will receive the necessary documents to get started.
  2. There are no residency (citizenship) requirements for both directors and shareholders. You do not need to hire 2-3 local people, as other offshore companies often require.
  3. There are no accounting and auditing requirements.
  4. The beneficiary and the director of the brokerage company can be in one person. Beneficiary data can be disclosed to third parties only after the decision of the local court.
  5. You can work without a forex broker license, which will allow you to immediately start brokerage activities after registering a company, without wasting time to get a license.
  6. There is no foreign exchange control.
  7. There is no corporate tax! All companies owned by non-residents do not pay any taxes and do not submit any reports. Only an annual fee of $ 100 is payable.

Jurisdiction in the Marshall Islands has two disadvantages:

  1. A company registered there cannot open accounts with a European bank. Still, there are several banks in Europe that work with the Marshalls. 321Broker specialists will help you open an account in one of them.
  2. Complete dependence on the United States, which is zealously fighting offshore secrecy. True, so far, no negative consequences have been felt from this.

Jurisdiction in the Marshall Islands through 321Broker

Our specialists have extensive experience in registering companies, including brokerage companies in offshore jurisdictions, including the Marshall Islands. You only need the following package of documents:

  • memorandum of association;
  • company’s stamp;
  • minutes of the meeting of directors;
  • registration certificate.
  • If necessary, we will help you create such documents. The entire registration process, as we said above, will take 3-4 weeks.

Besides registering a brokerage company in the offshore jurisdiction of the Marshall Islands, 321Broker can help in obtaining a brokerage license for the forex market. Its presence, as we said above, is optional, but it will increase the trust of traders in you, which means it will increase your turnover and profit.

We guarantee the legal integrity of registration in the jurisdiction of the Marshall Islands, confidentiality, competitive prices.