Timeframe: 4-6 months

Capital Requirements: CI$100,000

Overview:

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.

Requirements:

Companies that provide the forex services in the Cayman Islands are required:

  1. be incorporated in the Cayman Islands;
  2. be licensed in accordance with the licensing requirements;
  3. meet the minimum net worth requirements (CI$100,000) for a securities dealer license;
  4. have two directors (which may be non-residents);
  5. The Company must have an operational office in the Cayman Islands