Due to favorable tax conditions, more and more forex brokers have been applying for a Belarus license.
Since 2016, Belarus has been under regulation, having since seen 17 companies and 2 national banks added to the register of forex companies by the National Bank of the Republic of Belarus (NBRB).
In order to provide services in the retail forex market in Belarus, it is necessary to obtain a license issued by the NBRB to be included in the official register.
Brokers must also undergo an assessment of their trading software, deposit a guarantee payment to the compensation fund and become a member of the local Association of Financial Market Development (ARFIN).
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Obtaining a license also requires the incorporation of a local legal entity together with the preparation of necessary documentation and other legal procedures.
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While a Belarus license is relatively easy and a cheap option, obtaining any license is a specialist area that requires a certain level of know-how.
The live webinar will be held on April 29th at 12:30 Moscow time (GMT +3), hosted by Dmitry Kazak, Head of Compliance and Business Development at B2Broker and special guest Alexey Sidorov, Chairman of the Board, ARFIN.
Join Mr. Kazak and Mr. Sidorov as they help equip you with the knowledge to start your brokerage cost-effectively in a safe and secure environment.
Special emphasis will be paid to enabling you to approach your clients almost anywhere in the world with complete regulatory coverage.
The webinar will clarify the process in a few easy steps and cover the following aspects:
- Registration of a legal entity in the Republic of Belarus
- Opening a bank account/document requirements
- Application procedure
- Reporting and accounting
- Trading software verification
- Client onboarding
- Risk management
- Comparisons vs other jurisdictions
- The future of Forex in Belarus and what lies ahead
- Q&As: Alexey Sidorov (ARFIN)
Learn more about B2Broker’s presentation and join the conversation by accessing the following webinar link.