Forex broker Marshall Islands
When choosing a jurisdiction to register their forex broker, entrepreneurs very often choose the offshore jurisdiction of the Marshall Islands. The Marshall Islands are interesting in that the activity of a forex broker is not regulated there and, accordingly, there is no need to obtain a license.
The Marshall Islands are a good choice for starting a brokerage business as the company registration process is very easy and fast, taking up to 7 days. 0% tax and minimum bookkeeping are also an advantage.
Unlike other jurisdictions, a forex broker registered in the Marshall Islands is not required to comply with the requirements for registered capital, local office or employees. All activities of a forex broker are carried out on the basis of the registration of an IBC (International Business Company) in this offshore jurisdiction.
The main advantages of registering a Forex broker in the Marshall Islands are:
- 0% corporate tax
- The beneficiary can act as a director in one person
- No residency requirements for directors/shareholders
- Quick registration
- No accounting/auditing requirements
- There are no requirements for obtaining a license to operate a forex broker