Latvia Forex Broker License

In Latvia, the forex companies are considered as investment companies and conduct their activities on the basis of a license for providing investment services, which identifies the services that company allowed to provide, as well as concerning which financial instruments.

The right to obtain a license has certain legal entities – residents of Latvia or other EU member states, as well as branches of investment companies of other countries that have the relevant license for conducting brokerage activities.

The Financial Supervision Commission is a central regulator of the securities market, financial and investment services.

 

Key Features of Latvia Forex Broker License

Latvia Forex Broker License

Description

General

  • Type of Entity

Latvia LLC

  • Registered Office in Bulgaria

Yes

  • Shelf company availability

Yes

  • Corporate Tax

Yes

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

EURO

  • Permitted currencies

Any

  • Minimum Paid authorized Capital

€125,000 (STP) and €730,000 (Market maker)

  • No par value shares allowed

No

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

Yes

Shareholders

  • Minimum number

2

  • Corporate shareholders allowed

Yes

  • Local  shareholders required

No

Service Providers Required

  • Company Secretary

No

 

Latvia Forex Broker License Duration to Set Up

Around 3 months

 

Distinctive Benefits of License

  1. Finely tuned regulatory regime that provides confidence in the quality of supervision while ensuring that the demands of the investment community can be met.
  2. Legal fee and company incorporation and licensing are reasonable

 

Why US (Key Strengths)

  1. We will advise you on the optimal legal structure for your requirements, size, expectations and circumstances.
  2. Valsen will assist to complete every form for each process in the best way we know how (Based on our many years’ experience with various regulators and service providers across the world)
  3. We are very hands on in the post filing period checking with the regulator and service providers and updating you regularly.
  4. Any queries raised by the regulators and service providers during processing will be quickly synthesized by us and we shall craft the right responses to move the process forward fast.
  5. We have a full in-house compliance support for all compliance requirements with the regulator and service providers