The brokerage foreign exchange market is an attractive trading environment that entrepreneurs from all over the world want to be a part of. In many jurisdictions, the brokerage business requires obtaining a special permit from the regulator. Often, such a license is not cheap, and obtaining it can be accompanied by a loss of time and difficulties in case of non-compliance with the established conditions.

St. Lucia is one of the most loyal jurisdictions for carrying out brokerage activities. Hundreds of forex brokers register there every year. The minimum tax burden, quick launch, and absence of strict requirements make St. Lucia attractive for startups and business scaling.

Advantages of registering a forex broker in St. Lucia

• low tax rates;
• absence of currency control;
• favorable conditions for foreign investors (tax holidays, exemption from income tax);
• developed financial services sector;
• no residency requirements for directors and shareholders;
• simple company registration process (on average 5-7 working days).

What type of company to choose for a forex broker

A forex broker can register its business in various organizational and legal forms in accordance with the legislation of St. Lucia (international company, partnership, limited liability company, etc.).

The best option for a brokerage company is an International Business Company (IBC). For non-residents who work in the form of international IBC companies, a license from the local regulator is not required. At the same time, the company must trade CFDs on forex outside the Eastern Caribbean region.

A company can start brokerage activities within 2 weeks without the licensing process. A business of this type can be opened quickly and with minimal costs. The regulator's requirements for company registration are minimal:

1 director and 1 shareholder are required;

there are no requirements for the authorized capital;

there are no mandatory requirements for reporting and annual audit;

a local office is required.

If you want to quickly and optimally launch a broker-dealer in the loyal jurisdiction of St. Lucia, contact the specialists at IT-OFFSHORE.