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Originally Posted by Admin

With the recent high demand of establishing Forex Trading companies for the purpose of trading currencies on behalf of a small, medium or even public unnumbered sum of investor(s) group(s), we feel it is time to outline a few things for the many people and businesses interested in the obtaining of a valid Forex Trading License rather called CIF license in Cyprus, and, Mutual Fund License in the Seychelles.

Some of the most frequently asked questions are:
What is the required

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Objective
The sole objective of an ICIS is the collective investment of funds of unit holders governed by the International Collective Investment Schemes Law, 47(I)/1999. Under the law a unit holder is the owner of units (share, participation or interest in a scheme).

A unit holder may be:
a) an ICIS, or
b) an international business company (“offshore enterprise”), or
c) a person not being a permanent resident of Cyprus for the purposes of the Exchange ...