Obtaining a Cayman forex license involves applying to the Cayman Islands Monetary Authority (CIMA), which is the regulator that supervises the financial services in Cayman Islands.
Timeframe: 4-6 months
Capital Requirements: CI$100,000
Overview:
Requirements:
Companies that provide the forex services in the Cayman Islands are required:
- be incorporated in the Cayman Islands;
- be licensed in accordance with the licensing requirements;
- meet the minimum net worth requirements (CI$100,000) for a securities dealer license;
- have two directors (which may be non-residents);
- The Company must have an operational office in the Cayman Islands