Getting a forex license in Latvia

Among the European countries where Forex trading is a subject of interest and has benefits, there are several types of States which have recently established themselves on the market and become traditional for this industry. The Baltic is a promising area, which, through its belonging to the EU, offers exciting work opportunities.

Latvia is especially attractive for entrepreneurs who seek to obtain a Forex license. This country has a developed and established banking system. The Latvian legislation is clear and transparent. In addition, passporting in the EU is available for the incorporated companies obtaining a Latvian license, which is a key factor for many business people from the former USSR oriented to the European markets.

Advantages of Latvia for Forex Trading

According to the existing Directive regulating the work with financial instruments, all EU member States are obliged to ensure the company’s freedom in providing services to which its license applies. This provision is implemented in Latvia as well.

A company located there can simply notify the authorities of other eurozone countries about the intention to offer its investment services on their territory (that’s actually the passporting). It is enough to get approval from the chosen State. A repeated licensing is not required.

Other advantages of Latvia as a Forex trading jurisdiction include:

• a simple procedure of the opening a bank account;
• possibility to submit a new application, if the previous one was declined (on condition of rectifying deficiencies);
• fast licensing ‒ registration procedures take no more than two or three months.

Ordering a Forex license from us, you get:

• saving of time and funds;
• zero risk of making mistakes and withdrawal from the legal framework;
• insure yourself against risks;
• confidentiality preservation;
• competent advices including in the highly specialized topics, which may not be encountered by staff members;
• effective tools to increase profitability;
• access to a range of other services (company registration outside a country, opening offshore accounts, assistance in obtaining residence permits, etc.).