Best Jurisdiction for Forex Signal/Analytics site

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Dave

🗣️ Loud Newcomer
Sep 27, 2016
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Hello
I wonder if you can recommend the best place for to register a company for Forex Signal/Analytics site? We would need a payment processor and low level of local forex regulation.
Dave
 
You mean you need a license for a Financial institution?

  • Belize the cheapest but problem to get payment processor
  • Gibraltar good for forex regulation but may change when UK will leave Europe article 51
  • Bulgaria unknown but good local forex regulation and good banks like Raiffeisen and société générale
So look for bulgaria

fyi,

Forex Brokers in Bulgaria | Bulgarian Forex Brokers
 
Thank you very much for your reply....What about Czech Respublic - are thy good in terms of regulation?
 
Belize is not cheap any longer.. it changed because of the company requirements (500k dollars charter fund) to be enforced in April, 2016 the said jurisdiction has lost its attraction.

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Costa Rica and New Zealand was the choice in the past what's the best today, Gibraltar really?

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Hey, I don't make the news. I only report it! 😎
 
Dave said:
Can you please let me know hwy your think Gibraltar is good for forex regulation?
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Gibraltar is in the European Union thanks to his legal tie with the UK. when the UK will leave EU, Gibraltar will leave EU with it. So, there is lots of uncertainty from this point of view.
 
auric said:
Sounds true but are you sure about that point if so you got a point there!?!
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here are some points:
”˜We will see the Spanish flag on Gibraltar soon', Spain threatens to take over post-Brexit
Gibraltar seeks to hang onto EU benefits in UK Brexit deal

I have lived in Spain so i know the issue very well. Spain have blocked already the border of Gibraltar. If they take over Gibraltar, it is dead for Gibraltar. 10 years ago when i lived in Spain i would never thought it happens but now, the UK has huge debt and they don't want Gibraltar anymore.
 
auric said:
So you mean UK won't Gibraltar so Spain don't which leave them become their own jurisdiction/island ?
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Gibraltar citizens wanted to stay in Europe. In fact, Gibraltar gets all the investments from European companies and people. They are scared to lose the single market. Gibraltar people want to stay in European Union.
So, They will have no choice than becoming an independent republic and split up with UK.
Furthermore, UK loses money because of Gibraltar. Uk companies use to lower their corporate tax using Gibraltar. On the other hand UK has the biggest debt in European union. UK would benefit a split up with Gibraltar. Spain would benefit Gibraltar to become European. Gibraltar wants to stay in the single market.

I think it is going to move and it is not a safe bet to incorporate in Gibraltar today.
 
Thank you all clear, sometimes I need someone to spoon feed me 😉
 
I wonder if there are any FOREX business owners here who can share their set-ups?
 
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