Viable Option for Non-Regulated Forex Brokerage Company: Guide for Setting Up a Company in St. Lucia.

We are happy to announce about the great viable option for setup of a non-regulated forex brokerage company. Here, we would like to tell you more about the alternative for incorporation of an offshore entity in Saint Lucia. This jurisdiction has no legal framework, regulations and limitations on registering an offshore company within its borders to be engaged not only in forex brokerage, but in many types of activity as well.

As it has been recently announced, St. Vincent has ceased such a possibility to incorporate an entity specifically for the Fx brokerage purposes. Now, the FSA is going to require either license or proof of application (from jurisdictions where the onboarding of clients takes place) in order to consider the application on forming the Forex brokerage companies. Currently, this creates more impediments on the way how such  licenses could be obtained for overseas entities. Alongside to this, LLCs with other types of activities, including CFDs and cryptocurrencies, have no limitations on registrations.

Further to it, we are proud to offer another alternative that could be a great option in order to safeguard the business operations for many brokerage companies. The company formation process in St. Lucia is not significantly different from other jurisdictions, it has relevantly low KYC requirements to proceed. In order to incorporate a St. Lucia IBC company you will need the following documents:

• Certified copy of the national passport;
• Certified copy of proof of address; and
• Reference letter issued by the bank to prove the reputation of the person to be appointed.

In case when company to be appointed, we would need the following:

• Copy of major corporate documents, like certificate of incorporation, Memorandum and Articles of Association, Registers on Director, Shareholders, UBOs (if applicable); and
• Personal KYC documents for corporate shareholder’s directors and UBOs as mentioned above.

Besides that, we would like to confirm that there is also a possibility to obtain a legal opinion for such company in cases when such is requested by provider like MetaQuotes. The overall formation process will take around 10 business days upon which the ready-for-operations company will be duly incorporated.

Contact us today and address all your inquiries about the formation of a forex brokerage company in St. Lucia. Our team at Corpheroes would be pleased to assist you at all stages of the setup process and would help to get the desired result within the best timeline and competitive fees. We care.