Cayman Islands

Capital Requirements: CI$100,000

Overview:

Acquiring a forex license in the Cayman Islands involves submitting an application to the Cayman Islands Monetary Authority (CIMA), the regulatory body overseeing financial services in the Cayman Islands.

Requirements:

• Companies offering forex services in the Cayman Islands must:
• Be incorporated in the Cayman Islands.
• Obtain licensing in accordance with the regulatory requirements.
• Meet the minimum net worth requirement (CI$100,000) for a securities dealer license.
• Have two directors (who may be non-residents).
• Maintain an operational office in the Cayman Islands.