Main requirements:

1. Physical office
2. qualified personnel
3. Compliance Officer/AML Officer
4. Internal and External Audit
5. Accounting
6. Risk Management

License requires

1. Registered office in Cyprus
2. Daily, weekly, and monthly reports
3. Funds level should stay above the limit specified by the CySEC
4. Staff should use their own name to communicate with clients
5. Criminal records
6. Have a proper system to prevent money laundering and terrorist financing
7. An annual statement

Documents require

For Brokerage Company;

1. Group Structure
2. Organisational Structure
3. People Proofs of each key person (Notarized Passport, Notarized Proof of Address, Bank Reference Letter, Original professional Reference Letter, Certified Certificate of Non-Bankruptcy and Non-Criminal Records, Bank Statement, Diploma, Source of Funds, Tax Declaration)
4. Marketing Plan
5. Financial Plan